At Paragon we differentiate ourselves from the larger property management firms by the personal attention that we provide to our clients and their properties. Paragon is large enough to handle every aspect of your property’s needs yet small enough to provide the personal attention our client’s have grown accustom.
Being owners of real estate ourselves we understand the issues that building owners face on a consistent basis.
As part of our Property Management program, Paragon performs a comprehensive assessment of all tenant leases so that the management staff is aware of rights and obligations of both tenant and landlord. From this review we compile an accurate rent roll and lease abstracts of the Property’s leases that reflect rental amounts due, allowable pass-through expenses, rent escalation dates, lease expirations, vacancies and options. Each tenant is given a lease abstract, notice of lease commencement rider and Welcome Package outlining the building’s hours of operation, emergency contact numbers, insurance requirements, move-in requirements and after-hours access cards.
Tenant Relations & Retention
Communication is the key to any effective tenant relations program. Paragon works to build a relationship of trust between landlord and tenants. When combined with an effective renewal program, this will increase the retention of existing tenants, which allows for higher rental revenue while reducing the high cost of tenant turn-over.
Accounting/Cash Flow Management
Paragon is unparalleled in its account & cash flow management procedures. Paragon collects all rents, CAM and other revenue, and pays all property payables and distributions to the partners. Paragon provides monthly income & expense, balance sheets, aged receivable and payable reports on a monthly basis as well as prepare work-papers on a quarterly basis. We work closely with ownership’s accounting department or CPA on tax planning and preparation.
- Rent/Receivable collection.
- Payment of mortgage, ground lease rent, utilities, vendor payables and partner distributions.
- Provide quarterly financial statements to ownership.
- Provide work-papers to ownership’s accounting department/CPA.