Property Management

Hannay Realty Advisors has built its success on a commitment and dedication to property management. Hannay understands what brings value to a property, both in maintaining the physical elements of the project and by nurturing professional relationships with the people who create dynamic commercial properties. This entails fostering strong tenant and vendor relations as well as cultivating great communication with all people who utilize and service the property.

Property management entails far more than cleaning parking lots and updating seasonal landscaping. Hannay prides itself on comprehensively outlining the short-term and long-term needs of a property, addressing each in an organized and timely fashion. This includes providing the highest level of customer service to tenants, resulting in maximum tenant retention. Because of the company’s longevity and experience in the property management business they are prudent in their decisions on when and how resources should be invested based on the current and potential property value.

Hannay’s commitment to in-house maintenance is just one more aspect of their property management services that supports their efforts to provide the highest level of customer service for tenants and the most effective upkeep of the owner’s property. Since the company has their own maintenance staff and fleet of trucks, they are able to respond to customers’ needs immediately.

Whether your property is large or small, Class A or Class C, Hannay’s experience in property management will insure you maximize the returns on your real estate investment by treating your asset with the same dedication and attention they provide to their own properties. The company has been providing services to the Arizona market for over 50 years and is now licensed in the Nevada and California.

Property Management Services

• Outstanding customer service – owners and tenants
• State-of-the-Art accounting and timely reporting to property owner/investors
• attentive tenant relations
• In-house maintenance service – our in-house staff is available twenty-four hours a day, seven days a week, providing consistent review of our properties’ condition, rapid response to issues and effective prioritization of repairs
• Bid, hire and closely monitor vendor performance
• Negotiate lease renewals
• Work with the best real estate brokers in the area to provide timely and well-negotiated lease-up of any vacant space
• Tenant Improvement and Construction management
• Property Tax Appeals

Financial Accounting and Reporting
Property owners need to be apprised of financial matters in a timely, clear and concise manner. Hannay’s full-time, in-house accounting staff provides customized reports for each client, including specialized monthly financial statements. The firm prepares reports on a cash basis and/or accrual basis and utilizes sophisticated accounting software to create all financial reports necessary to properly maintain a property.

• Income/expense reports
• Accounts receivable/aging reports
• Operating expense reconciliation
• Rent rolls
• Tenant billing
• Coordination of tax returns with CPA’s

Insurance
Hannay works with well-established insurance brokerage companies to obtain the optimal coverage for its properties. Due to the size of Hannay’s real estate portfolio, the firm is able to negotiate significant rate reductions for its clients, as they purchase insurance in a group.