SouthTrend's approach to property management follows three rules:
  • Protect the asset value through regular inspections and preventative maintenance, as well as providing necessary security.
  • Enhance the asset value by constant upgrades that are specifically selected to provide return on dollars invested both through asset value growth and net income growth.
  • Achieve the highest possible net income return to the investor (owner) without sacrificing long term tenant relations and asset value enhancement.


MANAGEMENT SERVICES
    • Maintain tenant relations, invoice rents, collect receivables, make bank deposits, produce yearly CAM billings (if necessary), maintain rent rolls and pay all expenses.V
    • Negotiate service contracts and supervise vendor services.
    • Lease Administration including rent rolls, lease expiration schedules, rent increase schedules, security deposit reports and tenant insurance certificates.
    • Produce monthly and year-to-date operating statements which will include all income collected and expenses paid.
    • Record tenant repair/maintenance requests, log, track and follow repairs to completion with maintenance vendors. See monthly property inspection checklist.
    • Periodic site inspections to monitor tenant activity and required maintenance.
    • Prepare and distribute monthly owner disbursements.
    • Maintain all tenant leases, tenant correspondence, service contracts, maintenance records, paid invoices, bank statements and legal documents.
    • Distribution of excess cash flow to the landlord on a monthly basis.
Current Property Management Contracts

Property Address Type Sq. Ft. Landlord
Gager Plaza 1120-1128 S. Wickham Rd., Melbourne Office/Retail 8,745 Nygmatron, LLC
Odyssey I 770 North Dr., Melbourne Office 9,600 Patsy Sacra
Odyssey II 760 North Dr., Melbourne Office 9,600 AK Properties of Brevard, Inc.
Coastal Technology Center 715-745 North Dr., Melbourne Flex Space 90,000 Coastal Technology Center, LLC
Trio Industrial Plaza 285-305 North Dr., Melbourne Manufacturing 100,000 Trio Industrial, LLC
Dow Rodes Industrial Center 4250-4280 Dow Rd., Melbourne Warehouse 66,150 Dow Rodes, LC
Gran Central Building 751 North Dr., Melbourne Manufacturing 28,350 North Drive, LLC
Affordable Warehouse 320/360 Thor Ave., Palm Bay Warehouse 21,000 Edward Gensen, Trustee
Gus Hipp Warehouse 375 Gus Hipp Blvd., Rockledge Warehouse 8,000 Edward Gensen, Trustee
Stan Drive I 450 Stan Dr., Melbourne Mini-Warehouse 14,400 Edward Gensen, Trustee
Stan Drive II 455-465 Stan Dr., Melbourne Warehouse 10,080 Micheal's Project, Inc.
    TOTAL: 365,925  

Notable projects formerly managed and then sold by SouthTrend Realty
Property Address Type Sq. Ft. Landlord
Spectrum Professional Center 102-200 S. Harbor City Blvd, Melbourne Office 40,000 George Rufo, Sr.

* Landlord reference contact information available upon request.