1.jpg

Building Management Services, Inc. – Since 1976
“Property Management is not an expense…it’s an investment”

About Building Management Services, Inc.
Building Management Services, Inc. is a full service exclusive property management company. With over 30 years of development, lease-up, and management experience, Building Management Services, Inc. has withstood the test of time, and knows how to increase your return on investment. The types of properties we manage are:

  • Multifamily Apartments ranging from 8 units to 378 units
  • Commercial Office Complexes
  • Tax Credit Compliance Housing
  • HUD Project Based Section 8 Housing

Some of the highlights of our full service property management are:

  • Complete Administration
  • Complete Accounting
  • Complete Marketing
  • Tenant Screening
  • Collection Services
  • Property Inspections
  • Mold Remediation Specialist on Staff
  • Unlimited Resources Available

Administration
Building Management Services, Inc. is constantly investing in the training of our staff. On an annual basis we send our leasing staff to frequent fair housing training to make sure our staff maximizes their closing potential. We also send our staff to annual fair housing classes to ensure that we are operating in accordance with the law.

Several brainstorming sessions are conducted per year to share ideas, and to make sure the most effective closing techniques, and advertising is being implemented company wide. By pooling all of our experience, education, training, and innovation, we are able to operate at an extremely high level of efficiency. Along with training we use an incentive-based pay structure in order to increase motivation for success.

Cost Controls
We are committed to keeping operating expenses as low as possible. We are able to do this by utilizing the size of our portfolio in receiving volume based discounts. We consistently shop all expenses to make sure we are receiving the lowest possible bids.

Preventative Maintenance
By setting up preventative maintenance schedules on expensive equipment such as HVAC systems and pool equipment we are able to save money on costly replacements. We also invest in certifications for our maintenance technicians to keep outsourcing repair costs down.

Network of Vendors
Since Building Management has been in business since 1976, we have a vast network of vendors with whom we share great payment histories and relationships. Utilizing this network we are able to trouble shoot any issue that might arise while simultaneously keeping our costs down.

We comply with the law
Arizona Landlord and Tenant Act, Equal Housing Opportunity, and Federal Fair Housing Laws.

We stay connected with our community through membership in:

  • AMA (Arizona Multi-housing Association)
  • AMO (Accredited Management Organization)
  • IREM (Institute of Real Estate Management)
  • NAR (National Association of Realtors)
  • BBB (Better Business Bureau)

Accounting
With a complete corporate staff of highly trained employees, we are equipped to expediently and accurately:

  • Produce monthly financial statements in accordance with GAAP
  • Enter, track and pay expenses in a timely manner
  • Analyze reports to develop ways of increasing your income
  • Provide mandatory financial information to mortgage holders, etc.
  • Ensure the proper calculation and payment of taxes
  • Prepare balanced, detailed year-end documents and provide back-up to your chosen tax preparer
  • Audit all receivables, including rent and deposits.

Marketing:
Advertising is constantly monitored through weekly reports. We track the total amount of leads and closes per advertising expenditures. By doing this we are able to project the actual ROI on each of our advertising expenditures. With this information we are able to eliminate wasted advertising dollars and invest them in the methods that are the most effective. Recently we’ve been able to drastically cut costs by utilizing free on-line advertising while still increasing our total amount of leads.

Through monthly property inspections we ensure that our market-ready units will show well to prospective residents. We ensure that the curb appeal is exceptional to gain leads from drive-by traffic. All BMSI employees are trained to work towards this goal and are able to enjoy pride in their work and property.

To ensure that our rates are competitive we conduct monthly market surveys tracking our competitor’s rates and move-in specials. We also continually track our communities’ closing percentages to make sure our rates and specials remain competitive.