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Property Management

Residential & Commercial Property Management New Jersey – Multifamily, Single, Mixed Use and Commercial

Looking for an IREM Certified Property Management Company in New Jersey?  Contact us for a complimentary quote.

 

Our clients rely on VMC to successfully manage $5+ million of real estate assets, including 500+ residential and commercial units.

We have grown steadily to become a leader of regional third-party managers of investment real estate, with an emphasis in the multifamily residential and commercial urban arena.  VMC is a recognized leader in affordable housing management. In addition, VMC provides homeowner association management services to planned communities, condominiums and cooperatives.

Since we do not own the assets we manage, our success is a testament to the quality of our service.  Concentrating only on property management, we have developed an infrastructure, enabling us to respond to client needs quickly and efficiently, as well as effectively manage portfolios for clients with assets in multiple locations, several hundred assets or just one.

VMC’s experienced management professionals create value through day-to-day supervision and long-term strategic planning.  We analyze market trends to determine how to effectively position a property within a given market then develop a custom marketing, leasing and management strategy to maximize its value.  We worry so that you don’t have to.  Our services include:

 

Eviction, Redemption, and Legal Management
Property Management
Property Maintenance
Housing Choice Voucher
Section 8 Contract Administration
Public Housing
Asset Valuation and Marketing Analysis
Brokerage and Offer Management
Closing and Title Services
Reporting
Accounting

 

Major Cities of Property Management Service in New Jersey (NJ)
Atlantic County – Absecon, Atlantic City, Barclay-Kingston, Brigantine, Hammonton, Margate City, Northfield, Pleasantville, Somers Point and Ventnor City.
Essex County – Belleville, Bloomfield, East Orange, Irvington, Livingston, Montclair, Newark, North Brunswick Township, Orange or West Orange.
Hudson County – Bayonne, East Newark, Guttenberg, Harrison, Hoboken, Jersey City, Kearny, Secaucus, Union City or West New York.
Passaic County – Clifton, Hawthorne, Little Falls, Passaic, Paterson, , Pompton Lakes, Ringwood, Wayne, West Milford or West Paterson.

 

Eviction, Redemption, and Legal Management

Cash for Deeds & Relocation Assistance – Cash for Keys
Eviction Coordination & Lock-Out Coordination
Personal Property Management
Property/Occupancy Inspections

Property Management

Marketing and leasing of units
Receipt and application of monthly rental payments
Lease enforcement and eviction processing
Management of maintenance and repairs to the property and securing utilities and services

Property Maintenance

24-hr emergency service, 7 days/week, 12 months/year
Unit turnovers
Interior and exterior repairs
HVAC, plumbing and electrical systems
Carpentry, drywall, paint and floor coverings
General maintenance
Fire, flood and wind damage repairs

Housing Choice Voucher

Management and Organization Reviews and Assessments
SEMAP Assessments
Policy and Procedure Development
Waiting List Openings and Management
Rent Reasonableness and Utility Allowance Reviews
Performance Analysis, Workflow Reengineering and IT Solutions

Section 8 Contract Administration

Contract Renewal and Rent Adjustment Processing
Intake of Health & Safety Issues and Resident Concerns
Special Claims and HAP Voucher Processing
Quality Assurance and Quality Control Services

Public Housing

Applications for Funding (mixed-finance, Tax Credit, Hope VI)
Physical Needs Assessments & Policy and Procedure Development
Maintenance Plans & Waiting List Management

Asset Valuation and Marketing Analysis

Broker Price Opinion (BPO) & Appraisal Coordination
Marketing Strategies & Value Added Repair Analysis

Brokerage and Offer Management

Offer Presentation and Offer Approval
Contract Generation and Review
Purchase, Rent, Lease and Sell Asset

Closing and Title Services

Title Procurement & Title Resolution
Escrow/Closing Coordination & HUD-1 Review and Approval

Reporting

Daily, Weekly, and Monthly Management Reports
Timeline and Performance Reporting
Customized Reporting

Accounting

Review, Process, and Reimburse Real Estate Agents, Vendors, and Contractors
Expense Advances and Authorizations
Tracking and Documentation of Expense Reimbursements
Expense Management & Quality Control

We pride ourselves in delivering on-time and within budget.  The management of eight (8) communities consisting of more than 500 families throughout the state of New Jersey involve the interaction of several regulatory bodies including HUD, New Jersey Housing & Mortgage Finance Agency (“NJHMFA”) and the Division of Community Affairs (“DCA”) must demonstrate this or lose funding.  During the most recent five year period, the average score of VMC’s long-standing NJHMFA associated properties has remained in the upper range of “Excellent”.  This amongst other things equates to delivery of schedules on time and within budget.Our staff is certified by NJHMFA and other regulatory bodies at a local, state and federal level.  The credentials and membership in several professional organizations within the real estate management arena include:

  • Institute of Real EstateManagement (IREM) – Certified Property Management
  • Board of Realtors Broker and Licensed Real Estate Operators
  • Property Owners Association ofNew Jersey
  • Affordable Housing Council ofNew Jersey
  • National Apartment Association ofNew Jersey
  • DCA Certified NewJerseyHomebuilders
  • Certified Assisted Housing Manager (AHM)
  • Certified Occupancy Specialist (COS)
  • NAHMA Certified Fair Housing Compliance Officer

 

We have been involved with and profitably managed properties that are governed by NJHMFA, the US Dept. of Housing and Urban Development (HUD), and/or other regulatory bodies at a local, state and federal level for more than thirty (30) years.

To learn more about how your organization, staff and clients can benefit from VMC’s services, access us on the web: www.vmcmgmt.com, email: info@vmcmgmt.com or call David McCants, Director, at (973) 677-2820.