Asset Management – MHE Real Estate

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“Have you ever Capitalized the Five Bucks we just saved?”

MHE Real Estate chooses to asset manage any of its owned properties on which there are third party managers. It has been MHE’s experience that third party property management companies, no matter how competent, tend to care less about expenses than owners do. Almost every third party property management company is paid a percentage of gross income, not a percentage of net income. Herein lies a potential conflict of interest which has led to MHE overseeing all daily / weekly / monthly expenses at all of its owned properties.

“supervison of management creates far more wealth than it costs to oversee these expenses”

MHE cuts expenses on every property that it acquires through various avenues from reducing staffing, to refusing to pay $57 to a handy man for installing a single brass number on a resident’s door. MHE tracks expenses on a weekly basis and often requires a signature on any non-recurring expense of $500 or more. While time consuming, the errors, omissions, double billing, fraud & deceit that are caught by MHE’s meticulous supervison of management creates far more wealth than it costs to oversee these expenses.

Third Party Asset Management

MHE is available to third party asset manage for a fee. MHE’s area of expertise is Multifamily housing, and approaches all asset management tasks with the same tenacious and meticulous attitude regardless of ownership interest.