Q: What is the minimum number of units that you will manage?

A: Usually it will be 35 units, unless it is a multiple management agreement, or we have other buildings in the same area.

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Q: How much is your management fee?

A. For condominiums or Cooperatives we have a flat fee negotiated between the homeowner's association and management. The fee will depend upon size of the development and services provided.

A. For apartment buildings we negotiate a percentage fee based on actual collections. In this manner we are motivated to maximize collections and minimize vacancy loss. Therefore, the fee paid is based demonstrated performance.

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Q. What reports and statements do you provide?

A. We provide a monthly Profit and Loss Statement and also a Budget-to-Actual & Variance spreadsheet showing both the current month and Year-to-Date information. In addition we provide a detailed listing of all receipts and disbursements. All reports can be transmitted by one or more of the following: mail, email, or CD.

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Q. Are your statements on a Cash or Accrual Basis?

A: Most of our statements are on a Cash Basis but we will provide them on an Accrual Basis if requested. We pride ourselves in being able to customize our reports to meet the needs of our Clients.

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Q. How do you charge for materials and arrange for contracts?

A: We are able to obtain substantial discounts based on our high volume purchasing power. All invoices are billed by the vendors directly to the apartment building with the discounts applied.

A: We have a large list of proven contractors in all the major construction fields. We will prepare and submit comprehensive bid specifications to a number of contractors.Given the high volume of work we can obtain the best prices from contractors withproven track records of success and quality workmanship. We also verify that their certificates of insurance are current.

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Q. For Subsidized, Tax Credit or Affordable properties, what programs and services are
available?

A. We manage and are very familiar with HUD Section 236, Section 221(d)3, BMIR, Section 221(d)4, Section 8 New Construction and Substantial Rehabilitation properties. Included are Title II Preservation properties. In addition we also manage LIHC (Tax Credit) and Tax Credit Combo properties with Tax Credit and Section 8. Lastly we manage properties subject to Regulation by CalHFA, CRA, and HACLA ( Los Angeles Housing Authority).

We have a centralized Compliance Department that assures compliance with all
applicable regulations and subsidy programs.

We annually prepare budgets for review by the client and submission to governmental
agencies.

Included are preparation and submission of OCAF, AAF, and Budget Based rent
increases.

Additional Services include:
Compliance with Use Agreements and Plans of Action
Section 8 Renewal Procedures
Opt &/or Prepayment Notice
Utility Allowance Recommendations
Refinance Consulting