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Manco Abbott, Inc. provides value added property management services throughout Central California.
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MANCO ABBOTT, INC: MANAGING ONE PROPERTY AT A TIME
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| Manco Abbott provides state of the art property management
systems, which ensure up to date accounting and management reports, based on our
client’s goals. Accounting and management reports are generated monthly, and are
delivered to clients before the 10th of each month either
electronically or by mail. These reports include cash receipts for the month and
year to date, check register for the month, aged receivables, aged payables, and
bank reconciliation. In addition, the
reports provide in depth narrative reporting on any variance from the property
budget. Budgets for each property are
provided on an annual basis and reflect projected property performance based on
each client’s goals, and Manco Abbott’s consistent efforts to maximize
value. In addition, a vast array of real
time reporting is available to clients, detailing occupancy, delinquency,
trending data and much more. These
reports can be requested by clients at any time, and can be customized to
address specific client questions. They
can be formatted to email, fax or regular mail as preferred by the client. Manco Abbott provides a year end trial balance
for submission to client’s accountant as needed.
All accounting is prepared in accordance with Generally Accepted
Accounting Principles according to the AICPA.
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| Manco Abbott utilizes Yardi Systems software. Yardi is widely recognized as a leading
provider of cost-effective, high-performance property management software which
can be designed around each client’s unique needs. The software fully integrates accounting and
property management functions, and allows Manco Abbott to manage assets with a
marked increase in efficiency and ease.
Yardi is currently in use on over 7 billion square feet of commercial
real estate, and over 8 million residential units worldwide. Manco Abbott regularly makes significant
investment into its Information Technology (IT) operations. With our ongoing
commitment to innovative services and evolving technologies, Manco Abbott
provides clients with fast, pertinent and precise information. Manco Abbott’s in-house IT staff supports
property managers, accountants and administrative personnel on a daily basis so
that each of our client's unique goals and requirements are fully satisfied in a
timely and accurate manner. In addition,
the IT department helps monitor systems that provide tenants and residents with
rapid and efficient responses to maintenance requests, accounting questions and
any other issues that may arise.
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| Yardi Systems software and other electronic data processing
equipment enable Manco Abbott to provide real time statistical information and
comparative studies on property operations. An analysis of each month's
operating results, income and expense levels, and budget variances are key
indicators that bring into focus the progress of each investment in relation to
the Management Plan. A narrative report is provided to assess the status of each
project. In addition, each of Manco Abbott’s departments conduct regular staff
meetings during which industry trends, market conditions and specific property
issues are discussed. All properties in the portfolio benefit from this
collaborative sharing of information and ideas.
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| Manco Abbott is an Accredited Management Organization
(AMO®). Only those firms that achieve the highest level of performance,
experience and financial stability can achieve this prestigious designation.
Operations and maintenance are keys to a real estate asset achieving its maximum
potential value, and while many management companies do a relatively comparable
job on the outside (i.e. keeping the grass green and the trees trimmed), Manco
Abbott goes beyond every day operations to achieve truly superior results. Manco
Abbott strives to add value to the assets we manage by utilizing progressive
services and setting higher than industry average standards. Working with both
public and private sectors to diligently uncover cost saving and revenue
increasing measures, we consistently increase our client’s bottom line. Manco
Abbott employees are all extensively trained in Emergency Preparedness, so in
the event of a disaster or emergency, Manco Abbott is well equipped to handle
even the worst situations safely and professionally.
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| Perhaps the most important component of a profitable
investment is its ability to consistently achieve high occupancy. In order to
effectively rent apartments or lease commercial space, there must be a
comprehensive and carefully followed marketing plan to ensure that each property
gets maximum exposure to quality prospects. At the same time, the quality of
service offered to existing residents and tenants must be the best in the
industry so retention levels are maximized. Manco Abbott managed properties are
expected to maintain occupancy at a minimum of 95%. This is achieved through
extensive training of on site personnel and property managers, utilization of
cutting edge technology, including fully integrated management software, call
tracking systems, on line credit approvals and adherence to policies and
procedures that have a forty year, proven track record. Should a client consider
selling an asset, Manco Abbott’s accurate recordkeeping and lease management
systems ensure that maximum value is being extracted from each lease and
information contained in reports can always be relied upon by brokers and
lenders.
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| Over the last 40 years, Manco Abbott has developed its
Preferred Vendor program by using only a select number of service providers to
perform work on our client’s properties. To be a part of the program, vendors
must first meet strict insurance, license and experience requirements. These
requirements are tracked on a regular basis, and failure to comply will result
in immediate vendor dismissal. In addition to these requirements, the vendor
must have a proven track record of providing high quality service in a timely
manner. The program also allows Manco Abbott to achieve economies of scale by
providing large amounts of work to select vendors, allowing all sides to enjoy
the advantages of the program. In addition to the vendor program, Manco Abbott
thoroughly screens all applicants who may be hired as site maintenance staff.
This program contributes to many Manco Abbott managed properties receiving
discounted insurance premiums, in some cases up to a 50% reduction upon
commencement of management.
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| With the level of competition higher than ever in the real
estate industry, only those companies who go above and beyond for their
customers are truly successful. Manco
Abbott has always prided itself on a high level of customer service provided to
our tenants and residents. We believe
that great things happen when we listen to our tenants and residents. Our Service Guarantee Program in the Multi
Family Division was the first of its kind in this market, and has bolstered
Manco Abbott’s already strong reputation as a leader in tenant/resident
relations. This high level of service to
our Tenants and Residents allows Manco Abbott managed properties to consistently
beat industry averages in occupancy in both our Multi Family and Commercial
Divisions, which ultimately leads to a stronger bottom line for our Clients.
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About Us