Royal Blue Property Management
136 Madison Ave - Suite 501
New York, NY 10016
ROYAL BLUE PROPERTY MANAGEMENT is a premier property management company serving the tri-state area. With years of experience and a dedicated team of professionals, we specialize in providing top-notch management services for residential, commercial, and mixed-use properties. Our mission is to enhance property value, ensure tenant satisfaction, and streamline operations for property owners. We leverage the latest technologies and best practices to deliver exceptional service and unparalleled results.
We understand the unique needs of each property and work diligently to create a seamless and efficient management experience. Our comprehensive services and dedication to customer satisfaction make us the ideal choice for property owners looking to maximize their investment and provide an exceptional living environment for their tenants.
Administrative Duties
1. Record Keeping
- Maintain accurate records of property-related transactions, leases, and tenant communications.
- Keep records of property inspections, repairs, and maintenance activities.
- Prepare and manage budgets.
- Collect rent and other fees.
- Handle accounts payable and receivable.
- Prepare financial statements and reports for property owners.
- Handle tenant inquiries and complaints.
- Conduct tenant screenings and background checks.
- Execute lease agreements and manage lease renewals and terminations.
- Address tenant disputes and enforce lease terms.
Maintenance and Repairs
1. Routine Maintenance
- Schedule and oversee regular maintenance tasks (e.g., landscaping, cleaning, HVAC servicing, electrical and plumbing repairs).
- Conduct regular property inspections to ensure compliance with safety regulations and to identify needed repairs.
- Respond to emergency maintenance requests.
- Coordinate with contractors and service providers for prompt repairs.
- Plan and oversee property improvements and renovations.
- Ensure compliance with local building codes and regulations.
Marketing and Leasing
1. Property Marketing
- Develop and implement marketing strategies to attract new tenants.
- List properties on rental websites and use other advertising mediums.
- Conduct property showings for prospective tenants.
- Provide detailed information about the property and its amenities.
- Negotiate lease terms.
- Prepare and execute lease agreements.
- Manage lease renewals and terminations.
Legal and Regulatory Compliance
1. Local and Federal Laws
- Ensure property compliance with local, state, and federal regulations.
- Stay updated on changes in landlord-tenant laws and fair housing regulations.
- Handle eviction processes in accordance with legal requirements.
- Represent property owners in court as needed.
- Implement and enforce property security measures.
- Ensure compliance with fire and safety codes.
Customer Service
1. Tenant Communications
- Maintain open lines of communication with tenants.
- Address tenant concerns promptly and professionally.
- Mediate conflicts between tenants.
- Handle difficult situations with diplomacy and tact.
Property Owner Relations
1. Reporting
- Provide regular updates to property owners on the status of their properties.
- Prepare and present financial reports and property performance reviews.
- Advise property owners on market conditions, rental rates, and property improvements.
- Assist with strategic planning for property investment and growth.
Technology and Software Management
1. Property Management Software
- Utilize property management software for tracking leases, maintenance requests, and financial transactions.
- Stay updated on new software and technology that can enhance property management efficiency.
- Manage tenant and owner online portals for communication and transactions.
- Ensure the security and privacy of online data.
Miscellaneous Duties
1. Vendor Management
- Establish and maintain relationships with vendors and contractors.
- Negotiate service contracts and oversee vendor performance.
- Manage utility accounts and ensure timely payments.
- Coordinate with utility providers for services and repairs.
- Participate in community events and organizations to promote the property.
- Foster a sense of community among tenants.
Of course, there are many more services that Property Managers do, but being a smaller-sized company, Royal Blue Property Management is flexible in designing a custom-services package for each client based on their needs and desires. For example, some clients prefer to retain financial reporting capabilities in-house and outsource maintenance to our firm. Feel free to contact us to discuss in more detail.
NYC-centric property management capabilities:
- Compliance with City Local Laws, Building Codes and various required inspections and testing.
- Court Hearings for building violations and other ECB-related issues.
- All inspections – Fire Department, Boiler, Elevators, Electricity, Gas, etc. – are made in a timely manner to ensure safety and prevent building violations.
- We have extensive experience working with the multitude of NYC, NYS and Nassau/Suffolk Counties housing agencies and regulatory bodies:
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- HPD Department of Housing Preservation & Development
- DOB Department of Buildings
- DOF Department of Finance
- ECB Environmental Control Board
- DEP Department of Environmental Protection
- DHCR Division of Housing and Community Renewal
- RSA Rent Stabilization Association
- Understand and comply with rent stabilization and control laws specific to NYC. Prepare Rent Stabilized Leases and file Rent Stabilized leases with DHCR annually.
- Annual property registration with HPD.
- Handle compliance with Local Law 11 (Facade Inspection & Safety Program), as well as Energy Benchmarking Local Laws, LL152 Gas inspections, and LL1 Lead inspections. RBM stays updated with the latest local laws to ensure your property is always in compliance.
- Established relationships with NYC-based vendors and contractors.
- File annual and periodic reports required by NYC agencies, such as the Department of Buildings and Department of Housing Preservation and Development.
- Ensure compliance with NYC’s water conservation measures and energy benchmarking requirements.
- Single Home or Condo (Valued up to $300K)
- Single Home or Condo ($300 to $500K)
- Single Home or Condo ($500K to $1 Million)
- Single Home or Condo (Over $1 Million)
- Multi-Family (2-4 units)
- Multi-Family (5-19 units)
- Multi-Family (20-99 units)
- Homeowners Association (2-49 units)
