Tight Market for Office Space in Silicon Valley

Borelli_logo_140x250Tight Market for Office Space in Silicon Valley: a win/win for landlords with professionally managed office space.

The Silicon valley office space market shows no signs of slowing down, despite minor setbacks for a few tech companies in the early parts of 2016. The idle gossip about tech going through another slowdown is both fallacious and premature, the remainder of 2016 has proven that. Tech is growing, and never really stopped. While some technology companies are holding off on egregious expenses, they are still investing aggressively on developing their product/service lines and hiring the quality needed to get them through the next ten years. That spells out the need for more office space in the area.

What does that mean for office space rentals in the Silicon valley?

7PropertyManagementThe market remains very tight with lots of competition for office space. The Big Tech firms are the ones driving this massive expansion; Google,(Alphabet) Apple, Facebook and Uber are leasing and developing huge commercial spaces. This acts as a draw for smaller companies eager to get into the tech-saturated Silicon valley and environs, adding to the need for office space. Add to that the infusion of foreign tech companies stepping into the area and establishing themselves, specifically Chinese (Cambridge Industries Group) and Japanese (Toyota Research). This kind of push in the tech sector commercial space has driven the stock prices of the largest commercial real estate companies in the area to an all-time high.

How can you as a landlord take advantage of this office space need?

It is truly a landlords market, but that doesn’t mean it is easy to get your commercial spaces rented out to the right people at the best NOI for you. To have this tech boom be beneficial to your real estate portfolio requires the services of professional leasing consultants and property managers who know the ins and outs of the market and how to spin that to your advantage.

fremontFive benefits of having a property management team in place.

  1. Avoiding bad tenants. Even in an atmosphere as saturated with money and growth as the Silicon valley, bad tenants abound and must be weeded out. A commercial property management company will screen all prospective tenants with express attention paid to past rental and credit behaviors. When good tenants are found, the property management company will treat them with the respect they deserve in order to keep them as tenants.
  2. Marketing geared toward the right tenants. Marketing of your commercial real estate helps avoid vacancies and drive the right kinds of tenants toward your property. With a tailored marketing program in place you can get your spaces rented and rest assured that the tenants are of the best quality.
  3. Leave all leasing and legal details to your property manager. There can be a lot of hoops to jump through before renting out office space. Better to have a team on your side that has multiple years of experience in handling commercial leases, and is completely up to date on the pricing and demand in the area. Undervaluing an office space rental can be just as damaging to your portfolio as a bad tenant. With square foot pricing escalating almost daily in this super-heated market, trust leasing pros to get the very best money for your property and inking a lease that ensure you the top dollar in the future.
  4. Administration and maintenance. Under the administrative wing, all the maintenance, upkeep and upgrades can be handled to meet both code and aesthetic requirements. Tenant issues can be solved promptly and to everyone’s advantage. Collecting rents and doing the banking are duties for the property management company, so you aren’t bothered.
  5. Management tools and supplies in place. Along with the experience and financial savvy of a property management company come the supplies and softwares already in place to manage all properties in a streamlined and productive way. Property management has become a very technical and inclusive science, (safety, marketing, legal, maintenance, banking, leasing and security) with multiple softwares, tech tools and experience levels operating together to create a seamless whole.

84southfirstIf you have office space in the Silicon valley, you are sitting on a goldmine, literally. Make sure you keep that cash flow going for years to come by using a professional property management company to manage your commercial real estate. Contact Borelli Investment Company today for a free property management quote on your office, retail, or industrial building.

It’s Like a Safe Deposit Box for your “Passion” Investments

Slider_Featured-GarageUnlimited_875x200Passion investing — putting a percentage of your wealth into something you love — has become highly popular over the past decade or so. The concept is so well accepted that many investment advisors are suggesting that their clients allocate a fixed percentage — perhaps 15 to 20% of their wealth — in this investment category.

What’s a passion investment? Typically, it’s something you’d spend your money on even if you weren’t considering it as an investment, which then grows over time as you recognize the value that’s being created by your collection. Here are some of the leading types:

  • Art
  • Antiques
  • Collector cars and motorcycles
  • Coins, stamps and firearms
  • Fine wines
  • Historical collectibles
  • Jewelry
  • Sports memorabilia

garage-footFor some, it could even mean buying a small winery and some vineyard acreage to indulge in a passion to produce their own wine. The point is: these are all investments in which you take a great deal of personal pleasure while you watch their value grow over time.

Collector Cars Racing Ahead with 500% Return

One of the fastest moving passion investments lately has been car collections. In a January 2016 report, CNBC’s Deborah Nason said, “Classic cars are gaining attention due to their nearly 500% returns over the past decade, outpacing art and wine by more than 100%, as reported by the Knight Frank Luxury Investment Index.”

The most valued nameplates include Aston Martins, Ferraris and Porsches, but lately a wider range of cars including American muscle cars and more recent models are showing solid gains for collectors as well.

The rapid appreciation in value has moved cars out of the realm of casual collectibles and into a serious asset class. Just as you wouldn’t tuck away a Picasso or Rembrandt in your closet or keep a wine rack full of $10,000 Bordeaux’s in your front room, it doesn’t make sense to store even a modest collection of classic cars in friends’ garages or a dusty warehouse or ministorage space.

holiday-headerGarage Unlimited of Monterey is a unique facility and car community that provides security-conscious, access-controlled storage and a fun car-driven community just off Hwy 68 near the Monterey Airport.

The stylish facility has a total of 46 car and storage condos ranging from 1,384 to 2,696 sq. ft. — with more than two-thirds of the units already sold months before it opens in early 2017.

The garage condos are ideal for car collectors with any size of collection, RV or boat owners, or anyone who needs additional storage space for personal items such as furniture from a vacation home, recreational equipment, or anything that’s been cluttering your home garage — to business storage. Desirable features include:

  • Ceilings reaching up to 25 feet, with roll-up entrance doors that are 10-12 feet wide by 14 feet high, and a standard walk-in door as well
  • Mezzanines that many owners are planning to customize into a personal retreat — with a large-screen TV, sofa, wet bar, and more to enjoy their favorite races or sporting events
  • Cat 6 wiring for Internet and phone service, with optional cable access available
  • A completely fenced complex with access-controlled entrance gates, abundant lighting, and video cameras covering common areas
  • All units will have available individually monitored alarms in place
  • 24×7 access with large exterior drive lanes and loading zones
  • Significant appreciation potential and tax benefits of ownership — so your storage may rise in value along with your car collection!
  • A very few limited rental storage options available, with three- to five-year terms
  • Low down payments with up to 90% SBA financing available at very attractive interest rates (on business purchases)

couple-in-garage-2“What makes Garage Unlimited of Monterey such a one-of-a-kind storage option is the fact that owners will be joining a true car community. If cars are a passion investment for you — then this is an opportunity to meet and mingle with others who share a similar passion. Your fellow owners will be people who enjoy owning, working on and admiring incredible cars.

Borelli Investment Company is a developer and is involved with the marketing of Garage Unlimited Monterey.

Saich Way Station Sells For $16.5 Million

saich1CUPERTINO, Calif., Sept. 12, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, is pleased to announce the sale of Saich Way Station, a 15,525-square-foot multi-tenant retail center located less than one mile from Apple Inc.’s headquarters in Cupertino, California. The $16.5 million sales price equates to $1,063 per square foot.

Kirk Trammell, senior vice president investments in Marcus & Millichap’s Palo Alto office, along with Vincent Schwab, senior vice president investments in the firm’s San Francisco office, and David Cutler and Joshua Johnson, associates in Palo Alto, represented the seller, Borelli Investment Co. Tenny Tsai of Cushman & Wakefield in San Jose represented the buyer, a family exchanging out of a redevelopment site in San Francisco.

saich_425x200The sale marks the successful fulfillment of a joint venture between Borelli Investment Co. and a local property owner. The partnership transformed the property from a burned-out shell in 2008 into a multi-tenant retail center that is perfect fit for its upscale location.

“Saich Way Station’s evolution is the result of an enormous effort by the Borelli Investment Co. and we are very pleased to have been able to maximize the value received,” says Kirk Trammell, senior vice president investments in Marcus & Millichap’s Palo Alto office. “The center’s excellent construction quality, strong tenant line-up, and close proximity to the new Apple campus made it an ideal trade property. We created a competitive bidding environment that produced multiple offers, secured an all-cash buyer and closed in a little over a month.”

Built by SiliconX Construction to exceed Cupertino’s high standards for a pedestrian-oriented, environmentally conscious retail center, Saich Way Station features a low roofline, bold storefronts, stylish awnings, modern colors, and ample glass. The center’s paved-stone walkways, benches, outdoor seating areas, bicycle racks, and ample parking welcome shoppers. One of the California Green features SiliconX incorporated into the center is a sophisticated drainage system that contains runoff on-site.

street-viewSaich Way Station’s tenants are Vitamin Shoppe, T-Mobile, The Melt, H&R Block, Blast 825 Pizza, Site for Sore Eyes, uBreakiFix and The Coder School Cupertino.

The center is located between a Target and a Whole Foods Market at the northwest corner of Stevens Creek Boulevard and Saich Way at 20803 Stevens Creek Blvd.

 

About Marcus & Millichap (NYSE: MMI)

With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com

 About Borelli Investment Company

Now in its 61st year in business, Borelli Investment Company is one of the oldest commercial real estate firms serving the Santa Clara Valley, Central Valley and Sacramento areas. The company provides a full range of commercial real estate services — from development and asset management to land sales and property management services.  More information about Borelli Investment Company’s services may be obtained by calling (408) 453-4700 or visiting www.borelli.com

  About SiliconX Construction

SiliconX Construction is a full-service general contractor that provides a wide array of value-focused construction services to clients throughout Northern California. Specialties include ground-up construction, major renovations, tenant improvements, and facilities maintenance. For more information, call (408) 418-0099 or visit www.siliconxconstruction.com

 

A Coveted Car Community

There’s nothing else like it on the Monterey Peninsula. Garage Unlimited of Monterey offers 46 car and storage condos ranging from 1,384 sq. ft. to almost 2,700 sq. ft. of space in a private, access-controlled facility at Ryan Ranch near the airport.

In an area that loves its cars — yet has a serious shortage of attached garage space in many residential areas and new developments — it’s no surprise that Garage Unlimited of Monterey has been embraced by collectors and track-driving enthusiasts with an affinity for a world-class circuit such as Mazda Raceway Laguna Seca.

But what really sets these garage condos apart is that every unit comes with a mezzanine 15 feet above the main floor—providing plenty of room for owners to store their vehicles (with or without stacking systems) and work on their cars as well. In addition, many owners are planning to furnish their mezzanines to create den-style retreats — with a big-screen TV, couch, wet bar, refrigerator, and maybe a pool table or arcade games.

A Place to Hang Out with Friends

In years past, it was common for guys to gather in a friend’s garage on the weekends, maybe catch a televised race or a game, and wrench on their cars. That’s the idea behind the creation of this special car-oriented community — and it seems like numerous owners have bought into that concept.

“Already many people are planning to include large-screen TVs and sofas for sporting events — a place to watch the races — audio systems and other amenities,” said Jon Lee, a soon-to-be owner of a Garage Unlimited of Monterey unit. “I think it’s going to be a lot of fun — not just a place for a nice car collection or to store things, but also somewhere people simply like to be.”

“There are going to be owners with everything from muscle cars to exotics such as Ferraris, as well as RVs, boats and motorcycles,” Lee continued. “You’ll have some million-dollar cars and other collector cars that have special meaning for the people who have chosen to be part of this car community.”

Versatile Storage Units

In addition to the cars, many of the garage condos may also be used to store furniture from a vacation home or college apartment, or other personal or business items. Ceilings are up to 25-feet high with roll-up doors that are 10-12 feet wide by 14 feet high.

The property will be completely fenced — with access-controlled entry gates, abundant lighting and video cameras covering common areas. Owners will always have access 24×7.

High Resale Values and Lease Options

While certainly no one can predict what resale values will be on the car and storage condos in the future, past experience indicates a potential for serious appreciation.

“There’s been a sign posted at (a similar facility in Santa Cruz) over the past few days that says, ‘I want to buy your garage,’ so these units are highly in demand, and I’m confident the same thing will happen in Monterey,” said Russ Foster, who owns units in both facilities. “I think the Monterey area is an even more car-oriented environment than Santa Cruz, and the people living in Monterey and Carmel typically have even less space than we do in Santa Cruz.”

The latest opportunity for those interested is that Garage Unlimited of Monterey plans to allocate a couple of the units for people who’d rather lease than buy. These units for lease will then be made available to prospective owners who are looking for an income-driven real estate investment.

We Broke Ground!

We held our official Groundbreaking Ceremony on Thursday, April 14th. There was a great turn out and everyone had a wonderful time. Thank you to those who attended and shared this milestone in our project with us.

DSC_4570-2_800px

DSC_4568_800px

DSC_4574_800px

DSC_4586_800px

IMG_20160414_130517104_HDR_800px

We were also featured in the weekly Carmel Pine Cone Newspaper. Read the article on page 12A.

pinecone-article_web

4 Ways to Add Value to Your Commercial Property

stock_laptopCommercial real estate has always been an attractive and lucrative investment business. Its value has further increased with the increasing density of small businesses. The cash flow in commercial real estate business primarily depends on your strategy before investment and the potential of property to increase the value.

The following tips will help you add value to your commercial property in order to make the most out of it.

1.     Make the Right Type of Improvements

There are two types of property improvements.

  • Cosmetic improvements
  • Substantial improvements

New carpeting, wooden floor replacement, new paint, new landscape, new décor, wallpaper, and other such changes contribute to cosmetic improvements. Cosmetic improvements are beneficial when you rent out your commercial property. However, if you want to sell it out then remember that the buyers may want to change the look and personality of the property. In such a case, avoid making substantial or functional improvements like renovating the lobby of office or multi-home building, and structural changes to the façade of a shopping center.

2.     Monetize the Property with Rentable Square Footage

In commercial property, the usable square footage is the door-to-door and wall-to-wall space that is actually used by the tenants. Lobbies, storage rooms, hallways, rest rooms, stairwells, and other shared areas are not included in the usable square footage.

In contrast, the rentable square footage is the sum of usable square footage and the shared spaces. Rentable square footage rule applies when a tenant takes a complete portion or unit on rent. The landlords mostly bear the loss when they rent out a commercial property based on usable square footage. However, you can monetize the property and earn from its every square foot by transforming a multi-unit property into a set of individual properties. This way, the renters will not share spaces like hallways and stairwells and pay full cost for the unit.

3.     Add Personality

The landlords can add personality to the commercial property by merging documental and physical personalities. Brainstorm about a nice name for the property. Define the characteristics of the name to renovate the exterior including paint, external landscaping, and introducing charming attractions or amenities to the property.

Some of the cost-effective amenities include free wireless internet, daycare and swimming pool for kids in commercial residential properties, and glass-walled meeting room in the office building.

4.     Invest to Decrease Expenses

The modern offices comprise of green buildings. Similarly, the families prefer energy-efficient homes. In either case, you can make lucrative investments in the office or residential commercial real estate to decrease the utility expenses and make it an attractive property for renters and buyers. Some of these investments include large glass windows for sunlight free flow, energy-efficient light bulbs, and energy-efficient kitchen.

Security, a primary concern of the buyers and renters, can add great value to the property. For lucrative investments, install CCTV cameras in the building. If you want to go an extra mile for security then installing walkthrough gates and digital entrance and detection devices could be a good investment to add value to your property.

For information on Borelli Investment Company’s commercial property management services, contact us today.

Storage Units, Now With Space to Cook, Relax and Entertain

Garage Unlimited of Monterey was mentioned in The Wall Street Journal!

“Gourmet kitchens. Indoor basketball courts. The newest place for luxury amenities isn’t at your home: It is in your storage unit.

As the top end of the real-estate market boomed in many cities, a parallel market for high-end storage appeared as well… In California, Garage Unlimited of Monterey is targeting car collectors with its 46 units, each with a mezzanine.”

» Read the article

Hangar Storage Not Likely a Viable Alternative for Cars

header-hangar

Flying in the Face of a Proposed FAA Directive

Owners searching for places to store vintage and collector cars, race or high-performance track cars, or exotics have explored almost every option. Once you run short of space in your or your friends’ garages, and have checked into the nearest self-storage facilities (which really aren’t an ideal option in any case), what do you do?

For some, the sky’s the limit in their efforts — and that has led them to airport hangar space.

Car Storage at Santa Monica Airport

The general aviation airport in Santa Monica is an excellent example of this. Located just two miles from the sun-drenched Southern California coast — and within easy driving distance of exclusive neighborhoods such as Bel Air, Beverly Hills, Malibu, Manhattan Beach, Pacific Palisades, and of course, Santa Monica itself — the airport attracts people with valuable car collections or who are motorsports enthusiasts.

The airport rents excess hangar space to car owners to store their cars securely and out of the elements. Santa Monica Airport has even made hangar space available to use for anything from corporate events, shows and concerts to movie shoots.

Holding for Clearance in Monterey

Unfortunately, car owners on the Monterey Peninsula may soon have fewer options at federally regulated Monterey Regional Airport. The Federal Aviation Administration (FAA) has proposed a directive that would make it difficult, if not impossible, to get hangar space approved for long-term car storage. Although the policy has not yet been made law, Homeland Security concerns make it likely to pass at some point.

The FAA’s primary issue is that hangar owners might see the storage of vehicles and household and business items as a more lucrative opportunity than using hangar space exclusively for aircraft storage. They believe that if aircraft are kept in hangars, they will be better maintained and therefore safer.

So, on the Monterey Peninsula, owners thinking they can find repurposed hangar space in which to store their cars are likely to be disappointed.

Garage Unlimited Interior Renderings
Garage Unlimited of Monterey
Download the brochure of Garage Unlimited of Monterey - includes all information about storage features, floor plans, pricing, location, etc.

Garage Unlimited of Monterey a Down-to-Earth Solution

Garage Unlimited of Monterey is a unique car and storage condo complex, which provides the perfect solution for car collectors, amateur racers or track-driving-day enthusiasts — as well as anyone with significant household or business storage needs.

Located near the Monterey Airport, this facility will be unlike anything you’ve ever seen.

  • Offers a total of 46 car and storage units that are going fast — with more than 50% of the units already sold
  • Square footages of the remaining garage and storage condos range from just over 1,100 sq. ft. to around 1,500 sq. ft.
  • These are garage condos you can buy, not lease, locking in today’s values and low interest rates, and offering the potential for generous appreciation in the future
  • With ceiling heights of up to 25 ft., every unit includes a mezzanine area that many owners are fixing up as luxurious retreats — with TVs, wet bars and more
  • Roll-up doors 10-12 feet wide by 14 feet high make moving your vehicles and other stored items in and out simple
  • The complex has access-controlled entry gates, video security and abundant lighting — plus conveniences such as on-site air, water and an RV dump station
  • All units will be pre-wired with high-speed Cat 6 Ethernet for Internet and phone service, with Comcast cable access also available
Pre-construction incentive packages for the early bird

Last Chance at Preconstruction Incentives

In early April, construction will take off on the car and storage condos — with occupancy planned for fall. For now, you still have an opportunity to purchase one of these units and take advantage of pre-construction incentives — which include a $10/sq. ft. tenant improvement (TI) allowance.

Don’t be left at the gate. To learn more about Garage Unlimited of Monterey, please contact Ernie Lostrom of Lostrom & Company, at (831) 646-1000, or email ernie@lostrom.com.

5 Essentials for Successful Commercial Property Management

Household or commercial property management is often described as rental administration. The economic global markets are shuffling but the need of commercial property managers would always stay as a necessity. While the market is big and potentially stable, have a look on these 5 essentials for a more successful commercial property management.

7PropertyManagement

1.     Maintenance Par Excellence

An attractive physical infrastructure of a company is important to motivate employees and present a constructive and positive image of the company to its clients. This is the reason that commercial renovation industry has increased by 3.3% since 2010. All these benefits have necessitated property management in commercial markets.

For outstanding maintenance, your priority areas of focus include signage, landscaping, glass, roofing and parking area. The furnishings and plumbing equipments should be fully functional. Remember that most of the companies prefer paying handsome amounts for qualitative commercial maintenance.

2.     Regular Upgrading

From the latest alarm system to the placement of LCDs, displaying your 3D projects is one of the best ways to impress your clients. Such regular upgrading practices also help you manage the renovation costs and find compact solutions for making the best use of internal and external space. Regular maintenance also makes budget-management easier for the corporations.

3.     Installation of Latest Technology

The commercial sector is moving to smart buildings. You need to make sure that the companies of your clients are not lagging behind their competitors. Instead of creating internet free zones, think about installing faster internet connection so that the customers can freely do research in the meeting rooms as well. Your clients can get higher premiums and attract more customers by installing the latest technology before their competitors.

4.     Green Building Concept

A new password to unlock the code of commercial property management is transforming the buildings into eco-friendly structures. LEED-rated projects are commercial design and construction projects that involve installation of energy-efficient equipments, reducing the operational costs. Green buildings also make use of energy-efficient materials like photovoltaic glass for construction replacement. A photovoltaic glass has solar cells embedded in it.

Green buildings are highly cost-effective for organizations, making the career of commercial property managers a win-win.

5.     Effective and Free Communication

You may have many profitable ideas in your mind but those ideas may not relate with priorities and business goals of your customer. An uninterrupted two-way communication is necessary to make sure that you not only explain the benefits of your ideas to the client but you also understand their needs and requirements.

Effective and free communication with the workers is equally important so that you can make the best use of their skills in every project.

As a commercial property manager, you need to make sure that your services are properly paid off. Some companies also want their commercial property managers to take care of the rentals. If rentals are not included in your services, then make sure to inform your customers beforehand, or include a clause in the contract if needed.

 

Contact Borelli Investment Company to discuss your commercial property management needs.  We look forward to creating a proposal for your buildings.  Call us at 408-453-4700 or fill out our web form.

Moneymaking Benefits of Office Remodeling

stock_laptopCommercial remodeling projects are not only budgetary but these are also hectic and daunting. Considering office renovation is like preparing to sign a business deal that may or may not end up well. For making office renovation profitable, you need expert’s advice as well as an understanding of how office remodeling can turn into a moneymaking business for good.

1.  Attracting New Hires

IT professionals want to work in organizations like Facebook and Google not only because of their services in IT but also because of their work environment. Google attracted more talent from all around the world after the release of ‘The Internship’. If you already use social media content marketing and social media recruitment techniques, then you can easily attract new hires with photos of your remodeled office.

2.  Demanding Higher Price for Services

Perception and first impression are the strongest power-players in a business deal. Your customers choose you above other businesses because they conceive your business to be ‘more premium’ and ‘efficient’ than others. Office remodeling completely changes the perception of your business in customer’s mindset. For the first-time buyers, a perfect professional environment is all you need to win at least 50% of the contract.

3.  Motivating Employees for Productivity

A majority of the companies include gym, gaming zone, and fresh colors for office renovation. These remodeling steps are not for making office ‘a fun place’ but to affect employee psychologies and motivate the employees for more productivity.  For example, neutral gray and white offices are now considered boring. Similarly, cubicles take more space in offices and decrease intra-organizational communication. Open space office desks reflect modern and more productive organizational infrastructure.

4.  Expanding Employee Base

If you are considering hiring new employees in your company or add up a department of IT or maintenance but lack enough space at workplace, then office remodeling has good solutions for you. For example, open space offices can easily make room for three to eight extra employees on a floor.

5.  Retaining Employees and Customers

Office remodeling is one of the most modern keys for employee and customer retention. It not only reduces new hire and training costs but also makes it easier for you to negotiate with your customers.

6.  Expanding Your Online Customer Base

Commercial companies like grocery item manufacturing companies use office remodeling as a tool to attract new customers. For example, if company A manufactures soft drinks, then the company may associate the concept of ‘Employee Care’ with their in-house services. Similarly, a women’s magazine may include gym and spa in office remodeling project and associate it with ‘Fit Women’ or ‘Women Power’ for corporate effectiveness.

The commercial property remodeling industry has increased by 3.3% and earned revenue of $59bn from 2010 to 2015, according to IBIS World. The report further reveals that high consumer spending on office remodeling, decrement in office rental vacancies, and bigger corporate profits will lead to robust increment in the industry of commercial office remodeling.

 

For more information about Borelli Investment Company, and our property management services, please contact us today.