Our management difference comes from excellence in both the FOREGROUND and the BACKGROUND of property management.
The Cavanaugh Properties Difference
The FOREGROUND
The BACKGROUND
Comprehensive Reporting
CPA level financial reporting and enterprise data means accurate and timely information, so you know that state of your property at all times.
Creative
Problem Solving
Ethics and profit go hand in hand when creative solutions are applied. We solve problems by finding win-win scenarios for our owners and residents.
Investment Focus
We focus on executing an annual budget and long-term business plan for each property. By always looking at the bigger picture we don't just preserve the value of a property, we grow it.
Management Capabilites
NEW DEVELOPMENT MANAGEMENT
Our team has leased up thousands of apartment units. We encourage our new development owners to begin working with us at least 6 months prior to CO. By engaging with Cavanaugh prior to the completion of a new development you will have a partner that is with you every step of the process to ensure that your community comes to life dynamically, efficiently and profitably. At no additional charge, we will consult with your construction and ownership team on key aspects of your project including budgeting, floor plan marketability, ancillary revenue opportunities, and energy solutions, just to name a few. Once the project nears completion, we will have a jump start on executing a detailed marketing strategy designed to achieve a rapid lease-up and stabilize at the highest revenue possible.
TURN-AROUND MANAGEMENT
Apartment projects can quickly devolve into difficult situations with little or no cash flow from both physical asset neglect and passive operations management. Our team understands how to turn around a property efficiently in order to bring it to its highest potential. We create a plan to address deferred maintenance, improve “curb-appeal”, enforce lease contracts with tenants, and clean-up financial reporting. While it may not always be an overnight transformation, we have consistently executed turnarounds on every type of multifamily assets from traditional market-rate, affordable subsidized and every type in between.
VALUE-ADD MANAGEMENT
Our value-add management includes implementing both pinpoint capital improvements and professional property management practices. Moving an apartment property upstream from a “B class” property to an “A class” property requires market driven planning and precision in upgrades that will achieve an attractive return on investment of renovation dollars. Leveraging our experience and using market data we will test and refine an interior rehab program designed to maximize rents without unnecessary spending.
SPECIALIZED ASSET MANAGEMENT
Experienced owners know that effective management of an apartment investment is anything but passive. Each property requires ownership level direction to oversee the property manager, make appropriate capital expenditures and manage activities not typically performed by the property manager including debt, legal, insurance and tax issues. As experienced owners and asset managers, we perform these ownership functions in accordance with your investment goals and individual style so you can have a truly passive, cash-flowing asset.
FEE MANAGEMENT PRICING
Our management fee pricing is simple and straightforward, with no hidden fees or extra charges. At the same time, we are flexible in how we calculate our fee, which can be based on a percentage of gross income, a percentage of NOI or flat-fee. We will create a fee structure that is in accordance with your preference and in alignment with our shared interests as your manager.
Customer Service
We believe the greatest “value-add” activity in real estate is exceptional customer service. Increasing the value of our properties is directly related to the value provided to our customers.
Outstanding Associates
Our success can’t happen without out outstanding management professionals who love their work and take pride in their properties.
Value Creation
Driving net operating income is our number one financial goal. We do this by competitively pricing our product, aggressively marketing our properties and adding value to justify higher rents, while keeping expenses in line with our budget.
