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phoneCall: 315.256.9817
Skype: jay-holman
mel & jay logo Property Management Services
  Serving owners, tenants and neighborhoods in the greater Syracuse area.

 

 

Property Management Services in Syracuse NYBetter Business Bureau Logo

Our purpose as property managers is to maximize the owner's income and shoulder the considerable stress encountered by rental property owners. Our niche is 1-4 unit residential properties. We understand that putting the investor's ROI needs first leads to everyone's success. Everything at Mel & Jay Management is pointed at that goal. Balanced Approach to Property ManagementWe stand at the nexus of an ongoing business process in which success is achieved when everyone gains. This requires quality tenants who appreciate the places they are renting and indicate their appreciation by paying their rents on time; investors who are as interested in long-term ROI as they are in short term cash flow; and a community that is willing to work with non-resident investors.

Mel & Jay Management, LLC (MJM) began in the spring of 2005 and is a family business engaged in full-service income property management responsible to dozens of owner-investors and currently managing well over 170 living units.


Management Approach

Investors in multi-family residential properties, particularly those who do not live in the vacinity of their properties, face increasingly complex needs and a growing number of legal requirements. As a result they must entrust the operation of their properties to management professionals who perform the full gamut of necessary functions to ensure that their experience is profitable.

  

Rapidly changing asset values demand that managegement be knowledgeable concerning business requirements, neighborhoods, state laws, tenant acquisition and various public assistance programs. All that being said, the most important parts of a property managers function are to use common sense, communicate and be honest. (Please take a look at the many customer reviews available from "Customer Lobby" )

What does Mel & Jay Management do?

Basically, MJM does what any astute owner would do. We assess what is reasonable and practical to make a property profitable and discuss our findings with the investor. We are philosophically committed to creating balance between investors, tenants and neighborhoods in a mutually beneficial synergy. To that end we are strong adherents of the Property Conservation Code of the City of Syracuse and the NYS Property Maintenance Code. We evaluate the amount of rent to be charged with the owners. We advertise for, screen and acquire new tenants.

We collect rents, handle emergencies, take care of repairs and maintenance, meet with city inspectors, handle rental registry requirements and if necessary we initiate and carry out evictions. We automatically provide monthly financial reports to every owner. We do everything in our power to ensure maximized returns and that the owner's stress is minimized, In some cases we handle mortgage payments, insurance and pay water and utility bills. Trustworthiness and professional conduct and clear record keeping are essential.

Acquiring good tenants is a key activity for managers and owners. We have not placed a newspaper ad or used a "for rent" sign in several years because experience has taught us that these two sources do not necessarily provide quality applicants. Instead we exclusively utilize on-line advertising. We ask all applicants to fill out a rental application form which can be completed on line or printed out and filled in by pen. We check references, sources of income, former landlords and gather other information useful in finding tenants who will respect an owner's property, enjoy living in the property, who desire to remain more then one year if possible and who can afford to pay their rent. We use our own lease which is based on the official New York State Residential Lease Form modified to meet the need of the Syracuse market.

Our overiding purpose is to maximize an owners ROI. To accomplish this the manager needs to deal with:

  • Renter’s complaints and issues
  • Maintenance
  • Landscaping
  • Handling emergencies
  • Rent collection
  • Discipline Insuring tenant adheres to the terms of their lease
  • Evictions
  • Recording collections and expenses
  • Paying income property related bills (taxes, insurance, water, etc.)
  • Providing owner with financial reports
  • Advising owners concerning property improvements when necessary
  • Communicating effectively with owners
  • More Management Details
  • Maintenance

    Due to rapidly expanding maintenance requirements and the resulting business pressures, we have established a maintenance company, AffordServe, LLC, which is equipped, professionally staffed and always on call to handle any maintenance issues our investor's properties or tenant's may need. AffordServe's business encompasses a broader spectrum of customers then Mel & Jay but their first responsibily is taking care of Mel & Jay Management's customers. This assures our investors recieve the quickest possible service at the lowest possible cost.

    Oh oh - Bad Property Management!!

     

     

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    © Copyright 2012Mel & Jay Management, LLC, PO Box 711, Syracuse, NY 13209. All rights reserved.