Durand & Associates Property Management, Inc

Durand & Associates Property Management, Inc., (AMO)

Durand & Associates Property Management, Inc., AMO is a team of highly trained and skilled professionals dedicated to providing professional asset and property management services at the highest level for Homeowner Associations, Real Estate Developers, Owners and Investors in Multi-Family, and Commercial Real Estate. Its objectives are to manage effectively by maximizing operating revenue and minimizing operating expenses; providing the highest value of return on investment for the client. We are an Accredited Management Organization (AMO).

Asset and property management experience includes over thirty homeowner associations, 12,000 residential units and several office and commercial properties at over 100 separate sites. Current real estate assets, under management, are valued in excess of $120,000,000. Our portfolio consists of: Multi-Family Housing, Homeowner Associations, Commercial, Strip Mall Centers and Manufactured Home Communities.

"Problem properties" are returned to profitability by providing dramatic increases in occupancy, reduction of expenses, significant increases in cash flow and substantial market value appreciation in such properties. Close supervision and implementation of long-range management plans have been essential in these accomplishments. The company has also managed luxury properties, significantly improving them well beyond their status in a short period of time.

Long-range management plans, including Operating and Capital budgets or Replacement Reserves Studies, are produced for each type of property. A proven purchasing, maintenance and internal control system monitors all sales, employee management, maintenance and accounting activities. A special system is used to record and monitor energy conservation. Clients benefit from a unique blend of experience, stability, legal administration, 24/7 maintenance services, enthusiasm and a determination to maximize the successful operation of their properties.

The following Asset Management services are offered to clients, on a fee basis, which include:

1. Determination and implementation of management policies.
2. Preparation and review of budgets, replacement reserve schedules, economic surveys, cash flow income or loss projections, and working capital requirements.
3. Arranging financing or refinancing of the property and determination of property disposition.
4. Supervision of accounting, audits and owner's tax returns.
5. Supervision of professionals employed by the owner in connection; including vendors/contractors, project managers, attorneys, accountants and appraisers.

Our firm's professional competence, management expertise, integrity and ethics is paramount to our 45 years of successful practice in our industry and the clients we serve. We build wealth, save client time and give you peace of mind in the day-to-day operation of your RE investment.