Kennedy Investments has managed properties over every asset class during its 50 year history.
Currently we manage or own over $200,000,000 worth of real estate located primarily in Florida. Our knowledge in property management has been acquired through years of experience, and our expert staff allows the client to have a specialized team working on the property’s needs. Our principals work closely with our clients to form a better understanding the client’s goals for each property.
In addition to managing the day-to-day aspects of a property, Kennedy Investments will provide clients with:
- Regular communication, including leasing, maintenance and financial reports
- Guidance in making owner investment and capital expenditure decisions
- Suggestions to enhance the value and aesthetics of your property
- Constant reevaluation of procedures to ensure superior levels of quality
- Effective, responsive and customized service
Financial Reporting
Kennedy Investments produces timely financial reports for its clients. Typical reports include quarterly and year-to-date cash flow, cash to budget variances, income register, expense register, journal entries, balance sheets, a complete transaction register, budget detail, aged accounts receivables as well as owner and vendor 1099’s plus comprehensive explanations of the materials and solutions to problem areas.
Physical Maintenance
Our team will assist you in preserving, maintaining, protecting and enhancing the physical and financial aspects of your property. We assure that the property is maintained to the owners’ standards, handle emergencies and keep owners informed with regard to the physical status of your property.
Regular visitations and inspections of the property are conducted to be sure that the common areas including lobbies, stairwells, landscaping, recreation facilities, walks and driveways, parking lots, and other physical components of the property are maintained to a standard of care established by the owner.
When construction or maintenance is required, Kennedy Investments will assist owners in developing bid specifications, secure competitive bids, and will coordinate with contractors, vendors and suppliers. Completed work is regularly inspected prior to release of payment.
A Team Approach
Kennedy Investments’ management and accounting personnel meet regularly to discuss individual properties from varying perspectives. By using this team approach, we feel we can best meet the physical, fiscal and operational needs of each property.
Representative Property Management Engagement
Kennedy Investments currently manages two properties in Wesley Chapel, Florida for a local group of investors. One property consists of a 16,800 sq. ft. retail center that was 58% leased when we assumed management in 2009. The second property is a 24,000 sq. ft. retail center which was 70% leased in 2009 when we assumed management.
Both properties were subsequently leased to 100% by Kennedy Investments at appropriate market rates for the new leases. We were also able to save the investors over $20,000 in year over year operating expenses by utilizing our vendor relationships and leveraging our management infrastructure.