Lotus West Properties

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Property Management

Lotus West Properties is a leading full service property management company servicing the greater Los Angeles area. Our management portfolio consists of over 1500 multi-family units. Our team of professionals stay focused on the following four key elements in order to fully capitalize on your asset:

1. Maximize Cash Flow: (a) obtain maximum rent possible; (b) excellent maintenance keeping repairs to a minimum; (c) underwriting debt analysis; (d) annual rent increases; (e) accounting preparation.

2. Turnover/ Vacancy: (a) one to four months (depending on asset type) advance notice of lease expiration; (b) in-depth comprehension of local market´s current rents and trends; (c) market analysis of comparable properties; (d) open houses.

3. Pride of Ownership: (a) screen prospective tenants by running credit reports and/or reviewing financial statements; (b) update/remodel units as needed; (c) ensure unit is ready and clean prior to showing.

4. Manage the Asset: We do all of the work so you don´t have to. We do not use 3rd party vendors and keep costs down. Any required work is done by our experienced in-house crews from plumbing to electrical and even construction.

In addition to these four steps LWP utilizes Yardi™ that can handle all facets of the property management business. The software tracks rent collections, lease commencements and expirations, monthly expenses, detailed monthly or quarterly accounting reports, maintenance records and invoices, debt service, cash flow distributions and so forth.

LWP offers 2 different options as it relates to property management:

1. Full Service: We handle 100% of the property requirements.

2. Partial Service:We handle everything aside from debt service. This can be modified as needed.

Finally, we believe that if you don´t get paid, we don´t get paid... meaning that our fees are based solely upon collected rents. If we don´t collect the rent, we don´t get paid. Please call for more information or to request a formal package.

 

ACCOUNTING SERVICES:

  • Financial Accounting Services
  • Budget Preparation
  • Escalation Review
  • Operating & Expense Billing
  • Ledger Balancing
  • Common Area Charges
 

CONSTRUCTION SERVICES:

  • Development Improvement
  • Renovation
  • Retrofit Projects
  • Budget Preparation
  • Payment Management
  • Conflict Resolution
 

MANAGEMENT SERVICES:

   
  • Property Oversight
  • All maintenance and repair/remodel work
  • Preparing vacant units
  • Advertising of vacant units
  • Insurance Tracking
  • Help Desk Services
  • Tenant Relations
  • Vendor Management
  • Administration
  • Management Service Reporting
 
  • Open Houses
  • Lease Negotiations
  • Quarterly Reports
  • Debt Servicing
  • Cash Flow Distributions
  • CPA & Attorney Referrals
  • Laundry Oversight

Visit www.lotusproperties.com to learn more about our properties and services!