What are some of the services Pillar provides to help clients achieve these benefits?
Pillar works with property owners to determine goals for the property, and the best road map for achieving them.
Pillar develops marketing materials and a strategic marketing plan to ensure full occupancy.
Pillar determines the appropriate rental rate to maximize revenue.
Pillar hires, trains and supervises all on-site management and maintenance personnel.
Pillar reviews all resident files for compliance with HUD, Section 42 or HOME requirements if it’s an affordable development.
Pillar completes all of your reporting requirements to lenders, funding agencies, partners and other stakeholders.
We prepare a detailed annual operating budget, complete with backup documentation.
Pillar will open and maintain all required bank accounts.
Pillar will ensure that all debt service, accounts payable and reserve requirements are met.
Pillar provides monthly financial reporting, including income statements, balance sheets and cash flow statements.
Only in the planning or development phase?
The earlier in the process that we are involved, the more likely your property will get financed and operate successfully once it is built. You’ll receive an honest, realistic evaluation based on our years of experience and access to industry resources.
Pillar services provided during the pre-occupancy phase:
Pillar will review and comment on your initial operating proforma.
Pillar will review and comment on your site and floor plans.
We’ll prepare a marketing plan tailored specifically to your property’s needs.
Pillar will begin the lease-up process well in advance of construction completion, so that you’ll have revenues the day you open.