Beau Box Commercial Real Estate Management services begins with a property evaluation that prepares the groundwork for the essential capital improvement plan and budget.

This study also yields an annual operating budget for the property. Accounting packages are presented monthly.  These professional, precise breakdowns are tailored to suit the property owner’s specifications, including monthly activity reports of property operations, rent collections, and budget variances. These monthly uniform accounting packages and management reports will prove to be an essential element when the time comes to sell your property. The reports justify an asking price and confirm the property value in a straightforward, clearly understood and professional format.

Professional property management allows an owner to be actively involved with major property issues while avoiding the day to day details and challenges.  Some advantages to professional property management are as follows:

    1. Pre-existing relationships with numerous service providers allow us to better negotiate pricing and terms for building supplies and services.

    2. Service providers and construction contractors are pre-screened for qualifications and insurance requirements.

    3. Lease compliance reviews are performed to ensure that rents are collected in a timely manner and that scheduled rent increases, operating expense recovery and CPI increase clauses are tracked and invoiced promptly.

    4. Regular property inspections are made to insure that the property is not neglected.

    5. Through the aforementioned affirmative actions, we are ultimately able to improve tenant retention and maximize property value.

     

Management Timeline:

Week 1-Week 2
Meet and evaluate existing staff. Initial property inspection. Visit tenants, introduce management team. Obtain keys and security access to ensure security of the property. Establish emergency contact list. Gather property records, leases, and other information required for management transition. Review leases and other documents. Review aged accounts receivable, if delinquent accounts exist, develop a plan of action for owner’s review.

Week 3 - Week 4
Set up property accounting system and meet with insurance agent to review property insurance. Begin budget planning process.

Week 5 - Week 8
Forward report on management transition to ownership. Deliver initial accounting and management report Deliver operating plan and budget.  

 

Hoyt Greer - Property Management Profile

Hoyt Greer has over 25 years of commercial  property management experience and holds the CPM designation from the Institute of Real Estate Management. Hoyt has managed a diverse portfolio of commercial property including high rise and low rise office buildings, shopping centers and a retail mall.

Clients represented include: LNR Partners, Union Carbide Pension Fund, Schroder Center Management, Darryl Berger Investment Corporation, Landmark Land Company, Oak Tree Savings Bank.

Expertise and Strengths:

  • Shopping Center and Office Building management.
  • Management Consulting
  • Property Redevelopment
  • Major Renovations
  • Insurance Claims Management

Education:

  • Louisiana State University – Bachelor of Science in Accounting
  • CPM® - Certified Property Manager – designation 1989. The CPM® designation is awarded to real estate managers who have met the institute’s rigorous requirements in the areas of professional education, examination and experience. CPM® Members must also abide by a rigorous code of professional ethics that is strictly enforced by the institute.

  • Licensed real estate agent - Louisiana  

Affiliations and Memberships:

  • Certified Property Managre (CPM®).
  • Chapter secretary, the Institute of Real Estate Management (IREM).
  • New Orleans Metropolitan Association of Realtors