PropertySmith, Inc. is a full service professional real estate management company servicing the entire East Bay. We specialize in managing residential and mixed use residential/commercial rental property and condominium rentals. Our accounts range from single family homes, to large multi-unit properties. Our company recognizes the need for professional service especially in today's environment. Our goal is to maximize your return on investment, relieve you of the problems associated with property management and eliminate your exposure by keeping you in compliance with the ever-changing regulation of our industry.

PROFESSIONAL AFFILIATIONS

• California Department of Real Estate Licensed Broker/
• Professional Property Manager/ Member - East Bay MLS/Realtor
• Berkeley Property Owners Association:
• California Apartment Association:
• Member - California Chamber of Commerce

Improved Profitability

• Expense Control
• Increased Rental Income
• The PropertySmith team can improve your profitability by reducing your expenses through the use of our own professionally managed maintenance crews to fix most maintenance problems in a quick and inexpensive manner as well as remodeling vacant units and putting them back on the market in the shortest possible time. In addition, our knowledge of the local city ordinances may prove beneficial to you through increased rental income. We want to improve your net income and increase your property value.

Reduced Resident Problems

• Resident Relationship Policies
• Careful Screening of Tenants
• Vacancy Control
• Eviction Management
• Resident Manager Placement
• We realize that satisfied residents are the key to high occupancy and maximizing income. Residents ( your customers ) deserve to be treated fairly and honestly. We strictly adhere to the C.A.A. Code for Equal Opportunity and Code of Ethics.

Sophisticated Financial Reporting

• Monthly and Year-To-Date Income/Expense Reports
• Cash Flow and Profit & Loss Statements
• Depreciation Schedules, graphs and charts available
• Our customized computer software provides you with up-to-date reporting on your investment that is easy to read and understand. Our reports are all - inclusive so that you can simply drop them off at your accountant's office at tax time.

Elimination of Bureaucratic Headaches

• Law Compliance
• Workers Compensation Insurance
• Rent Control Compliance

Our maintenance crew consists of employees who are covered by our workers compensation insurance policy. We also hire independent contractors as the need arises. We have a licensed contractor on our maintenance staff who can handle projects that require city permits when needed. Our mark-up on our maintenance services is minimal and covers the cost of supervision and payroll processing as well as communication expenses such as beepers for our 24 hour emergency service, car phones for our supervisors and maintenance of our shop. All resident repair requests receive prompt and courteous service. Our services help to reduce vacancies and decrease your total operating costs.

We also specialize in the implementation of local rent control laws so that we can maximize your rental income. Effective January 1, 1996 the State Legislature passed the Costa-Hawkins Bill that now allows for substantial rent increases to Berkeley properties upon voluntary vacancy and evictions for non-payment of rent. Give us a call for more details.

Easy Sales

PropertySmith Properties� Job 1 is professional property management. PropertySmith does not require an "exclusive right to sell" with its management contracts. In fact, our management contracts are month to month agreements. No long term contracts. If at some point during our management you are interested in selling through our brokerage services, we will work to provide you the maximum price for your property. Buyers and real estate agents in search of available properties commonly approach property management companies. We are members of the East Bay Multiple Listing Service which can further expedite your sale.

FEES

Professional property management is normally compensated on a fee basis, generally based on a percentage of gross revenue. All our services such as maintenance, management and real estate consulting, rent control consulting, evictions, payroll processing, IRS Form 1099 and 1096 processing, and computer assisted real estate projects are also available individually on a fee-for-service basis.

Some property owners may also seek professional advice on specific problems. PropertySmith can accommodate most of these owners through our management consulting services. Based on our experience in the real estate industry, PropertySmith can advise owners on ways to manage their properties to achieve maximum profits. Most consulting work relates to converting property to other uses or enhancing the investment through rehabilitation or modernization. At other times, owners who wish to buy, sell, or refinance property may request management plans, proposals, or budgets. Developers can call on PropertySmith to assist in determining the feasibility of a proposed project. Owners may also call on PropertySmith to recommend rental schedules, marketing programs, and leasing policies for proposed projects, or, to seek legal or tax advice on behalf of the owner. Owners who are faced with difficult tenant relations can also call upon us to negotiate and settle disputes. PropertySmith can accommodate most of these service requests for a negotiated or hourly fee. All fees are subject to change and will be based upon receiving existing operating and expense data and an onsite evaluation of the property. Of critical importance to our takeover of the property is receiving from the owner a fully completed "Residential Property Takeover Checklist". PropertySmith Properties charges a one time account setup fee of 1/2 month�s management fee per property in the first month of management.

Please call should you have any questions and thank you for considering PropertySmith Properties professional management services.

SERVICES

• Monthly Financial Reports
• Accurate Accounting
• Rent Collections
• Resident Screening
• Leasing Services
• Resident Relations Programs
• Complete Maintenance Services
• Professional Staff