SERVICES

PROPERTY MANAGEMENT

California State law regulates property managers, and in California, a Property Manager must be a licensed Real Estate Broker. At a minimum, they must collect the rent and, in most cases, pay all invoices. At Morley Fredericks we go well beyond the minimum requirements set by California State Law.  

• We help set market rents and execute Lease Agreements. We provide & complete all required documentation and disclosures.
• We establish individual Trust Bank accounts for every property, ensuring your funds remain separate from the other properties.
• We collect all tenant rent electronically and distribute all owner funds electronically.
• We carefully vet each applicant & share this information with Owners for their final approval.
• We respond to calls from the tenant(s) 24/7 and conduct periodic property inspections.
• We arrange for repairs and see that the repairs are done properly.
• We interface with governmental agencies regarding licensing, permits and compliance issues.
• We gather bids for major repairs and obtain your approval for major expenses.
• We send appropriate tenant notices for inspections, late / nonpayment of rent, rules violations.
• We oversee evictions.
• We collect & manage W9s from vendors and distribute 1099s at year end in the name of the Owner.
• We provide an accounting of all money received and disbursed monthly or quarterly.

Real Estate Asset Managers are responsible for the strategic oversight and long-term profitability of real estate investments. Our primary focus is on maximizing the value and returns of the property and portfolio we manage. This involves making high-level recommendations and decisions about acquisitions, dispositions, financing, and investment strategies.

Key responsibilities are:

• Investment Strategy
• Financial Performance
• Market Analysis
• Capital Expenditure

While there are similarities, the differences between asset managers and property

managers are more pronounced:

• Scope of Responsibilities: Asset managers focus on the strategic, long-term management of the property and portfolios, while property managers handle the operational, day-to-day management of individual properties.
• Decision-Making: Asset managers make high-level investment decisions, including acquisitions and dispositions, whereas property managers make operational decisions related to property maintenance and tenant relations.
• Financial Focus: Asset managers are concerned with the overall financial performance and growth of the portfolio, whereas property managers focus on the operational budget and efficiency of individual property.

A broker opinion of value, sometimes referred to as a broker's price opinion, is an assessment of a property's value by a licensed real estate broker. We provide this service for CPA's, Attorney's, Lenders and parties looking to have documentation of the estimated value of a property. One common reason for having a BOV completed includes establishing an estimated value, as of a particular date, for estate purposes. Individuals also seek to have an independent measurement of value created to conduct private negotiations. A "BOV" is not a formal appraisal, but does offer a more affordable way one can establish a value from an independent source. We provide this service for commercial, residential and vacant land properties. Please contact us to learn more about this service.

A Notary Public is an official appointed by a state government to serve the public as an impartial witness during notarizations. As ministerial officials, they are expected to follow statutory rules without the exercise of significant personal discretion.

Notaries Public certify the proper execution of many of the life-changing documents of private citizens — whether those transactions convey real estate, grant powers of attorney, establish a prenuptial agreement, or perform the multitude of other activities that enable our civil society to function.