Quick Link: Management Services
Quick Link: REO Receivership Services
“Owning a multi-family property asset is complicated.
Working with your management company shouldn’t be.”
Lesley Brice, CEO & Partner, MC Companies
Experience. Simplicity. Results.
MC Residential. We’re listening – and we get it.
At MC Residential, we know that choosing the right management company is critical to the success of your financial goals. That’s why MC Residential is experienced in all types of multi-family asset financing and ownership. From HUD 221 D4 financing to Conventional and FHA, MC Residential understands your asset’s unique needs. Today’s owners need a savvy management company to navigate the complex soft market and lack of rental growth. Here are a few ‘beyond the basics’ opportunities:
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Waste consolidation options
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New revenue sharing laundry/cable contract or renegotiation
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Utility bill back analysis and savings options
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Improved buying power opportunities
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Vacancy and concession mitigation through copyrighted pricing model
In our fast-paced, 24/7 world, we’ve come to expect answers immediately.
24/7 Access to financials and market data.
We don’t think you should have to wait for your financial results.
Our clients have 24/7 access to their financials and other market data via MC Connect, the secure on-line vault. Financials are prepared by the MC finance and accounting department, led by our board certified CPA Director of Finance, Holly Latham. MC’s accounting team boasts an average experience level of nine years in the property management field. The entire MC accounting team will ensure your financial reports are accurate and timely!
Is your multi-family asset keeping you awake at night?
Let our Accounting Practices put you to sleep.
Holly Latham, CPA, Director of Finance, MC Companies
We won’t keep you in the dark – MC’s Financial Reporting sheds light on your asset’s financial performance.
Experience. Simplicity. Results.
MC Residential is a different kind of management company.
Most management companies promise to focus on “maximizing the performance” of your asset. At MC Residential, we focus on our performance. Our experienced, skilled team is focused on continuous improvement, and when an entire team is focused on improving their ndividual performance – the asset’s performance improves!
When it comes right down to it, property management companies are all pretty much alike – all use the same software and accounting systems; basically, all the tools in the toolbox are the same. So why do some management companies continue to outperform other management companies?
People. People make the difference. MC Residential hires people with attitude!
Attitude for service, achievement, and success.
Our people are experienced in:
- Operational Property Management
- Asset Management
- Leasing
- Accounting
We train them:
- Proven MC Residential Processes
- Fair Housing Regulations
- HUD Certification Management Standards
- Local Marketing
We support them with:
- Human Resources Systems
- Information Systems
- Marketing Resources
- Risk Management
MC Residential brings together years of real estate management experience and expertise to their clients. Our Owner / Investor prospective allows us to “treat your asset as if it was our own” – and you can be sure, we manage our own assets in the best possible way!
With MC Residential you’ll have access to more than the standard package including: Sample Financial Package
- A premier financial and accounting platform
- Acquisition opportunities through MC Companies’ acquisition arm
- Enhanced support in the areas of finance, construction and development
- Support from the MC Companies marketing, human resource and technology departments
MC Residential has expertise and experience in: Sample Due Dilligence
- Lease-up & pre-lease up consulting
- HUD Financing & Property Management
- Value enhancement / renovations
- Due diligence
- Financial reporting
- Budget preparation
- Monthly review of income & expenses
- Employee services (payroll, benefits & training)
- Marketing & advertising
- Property turnaround – repositioning
- Corporate housing (short term rentals)
- Construction management
- Real Estate consulting services
Market Knowledge
- Continuous evaluation of market conditions
- Leasing and resident retention programs
REO Receivership Services
The 6 Most Important Words in Receivership Services:
Urgency – Control – Preserve – Limit – Analyze – Maximize
When you have an asset in distress, you need a management agent that understands what’s at Risk.
You need an agent with experience to:
- Sense the Urgency
- Get Control
- Preserve the Asset
- Limit the Liability
- Analyze the Property
- Plan to Maximize Value
With more than 30 years experience as owners, investors and managers of multi-family assets, MC Residential understands the complex issues surrounding REO / Receivership services. MC Residential’s experienced team immediately goes to work to preserve the asset. Our action plan includes:
- On property within 24 hours, assess immediate risks and stabilize operations for tenant retention (former management company is removed, bank accounts, utilities, etc. are transferred, tenants are informed of new management company)
- Trained due diligence team performs unit by unit inspections, along with major items such as roofs, swimming pools and HVAC systems. The team determines any liability exposure.
- Evaluating, directing and managing the On-Site Property Team
- Dispatching team of reliable, proven construction contractors
- Forensic accounting and data mining performed to follow the money and root out issues
- Provide timely, accurate financial statements which can be securely accessed on our website
- Expertise in financing options and lender workouts
- Legal and Risk Management
- Preparing required court reports and attending court hearings as needed
- Expertise in Repositioning and Management Plans
- Evaluating and creating Marketing, Advertising and Leasing Strategies
- Monthly asset journal for submission to court
- Developing and executing an Exit Strategy
Contact MC Residential for a complimentary inspection and summary evaluation of any asset in trouble - or heading that way.
Click here REO Receivership
