ServicesProperty Management &
Strengthening Emerging Communities remains at the core of CMC Development’s business model since its creation in 2004 and effective property management complements its development activities. CMC is a NYS licensed brokerage that provides Full Service Real Estate Property Management and Development Services. CMC designs customized maintenance services plans that ensure that all building systems are properly maintained and cost effective for property owners.
CMC services include Third Party Building Maintenance and Renovation, Rent Collection and Leasing for owners of Commercial and Public facilities, Churches and Residential buildings throughout New York City and the markets that it operates in. CMC has a highly designed computerized management system that provides support to its building and maintenance staff and manages all financial aspects of property management.
CMC manages LIHTC and market rate rental properties and performs Tax Credit Compliance, Annual Tenant Income Certification and HUD certifications. CMC’s standard reporting system includes the following components:
Monthly Rent Roll with details on occupancy, legal collection actions and financial trend reports for each property.
Monthly Owners operating reports and year-to-date financial statements on or before the 15th of each month.
Quarterly variance reports to assess areas of property performance.
Quarterly budget review and Capital Needs Assessment of each property.
Annual detailed management operating budget.