Property Management

LORICO develops custom tailored business plans and operating budgets for LORICO’s clients that foster the utilization of a property’s highest and best use. LORICO implements its client’s objectives and maximizes its client’s investments through positioning and value added property management. Working with real estate owners, LORICO finds innovative ways to control costs while increasing property value and maintaining the highest levels of tenant satisfaction.

LORICO’s property management services include:

• Rent collection
• Tenant correspondence/inquiries
• Site inspections
• Property maintenance
• Vendor bidding and selection
• Service contract negotiation
• Budget preparation
• Lease abstracting
• Rent escalations and annual reconciliations
• Preparation of monthly financials
• Common collections expense
• Variance reports