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Property
Management
Our
standard is to manage third party owners' properties as Owners.
Our all encompassing services allow our clients to realize the maximum
value of their assets by obtaining the highest possible lease rates,
occupancy levels and apartment rents. Thereon the properties
expenses are balanced to an optimum level of being "well maintained"
within "reasonable capital budgets and operating costs."
These management skills are applied to all real estate asset
classes, from office buildings to apartment communities to condominium
conversions.
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Commercial
Leasing & Sales Brokerage
Bailey Schmidt Inc., strives to increase asset value in all leasing and
sales activities. We strive to
negotiate all commercial leases with an eye on value enhancement.
By attaining or exceeding market conditions, we increase asset
valuations for ownership. Our goal is to keep properties fully
occupied over the long term which enhances value and reduces tenant
improvement and lease turnover costs. We are well respected by our peers in the commercial
brokerage industry in the
Detroit
area & throughout Michigan.
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Residential
Sales of Condominium Conversion Communities
Bailey
Schmidt Inc. in conjunction with Manchester
Properties, Inc. has sold over 400 individual condominiums and has
managed over 12 condominium conversion developments from acquisition
through sell-out. We have managed the acquisition of apartment
communities for conversion, undertaken and completed the conversion
renovation programs, successfully staffed and marketed
condominium communities for sale and provided construction management to
improve the individual condominiums for sale. We have strived and
attained an ideal balance between maximizing rental operations during
the sales period with the maximization of each condominium
conversions' sales pace. We have completely sold out over 12
condominium communities from start of conversion to sell-out.
Bailey Schmidt Inc. has the ability to do the same for single
family subdivision lots, both individually or on bulk sales.
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Development
& Acquisition Services
Bailey
Schmidt Inc. has been on the front end of millions of dollars of
developments and acquisitions on every property type. These
services provide Owners with assurance that all physical, zoning,
economic and financial, environmental, title and other due diligence
matters are properly addressed such that our clients' will not have
any surprises post closing from missed due diligence. These
services provide confidence as our clients move from acquisition to
ownership without missing a beat.
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Construction
Management & Oversight
Bailey
Schmidt Inc. has been involved in every aspect of construction from
building design and build-to-suits, re-zoning and site plan approval
processes, tenant space design and build-out, commercial property
rehabilitation, change of use facility construction, simple apartment
turnover, condominium build-out to purchasers' specifications and
exterior property renovations and landscaping. Over the years
Bailey Schmidt Inc. has developed and retained strategic
relationships with a myriad of construction managers and sub-contractor
trades alike. All such that no amount of construction is beyond
our supervisory capabilities while providing our clients with access to
high quality contractors and trades.
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Fact
Finding Property Due Diligence and Financial Review
Bailey
Schmidt
Inc. is capable of performing every type of property due
diligence and financial review for its clients. Whether a client
is in the acquisition, pre-development, lease-up, disposition mode or a
bank foreclosing an existing property, we can develop the appropriate
plan for any type of asset in any type of situation. With the
depth of our professional real estate experience and knowledge, there is
no situation which is beyond our ability to accurately analyze and
assess resulting in an appropriate actionable report having a thorough
recommendation plan. Thereafter, we can implement said plan on
behalf of our clients. These services are thoroughly performed
with client involvement, yet provide timely and accurate findings and
assessments all while reducing the time requirement of our clients'
executives.
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Accounting
and Consulting Services
Our
financial reporting is CPA supervised and is based upon Generally
Accepted Accounting Principles both under the cash or accrual basis of
accounting. Further, our management reports provide our clients
with the ability to oversee their assets with ease by providing accurate
supporting cash disbursement and receipts journals, accounts payable and
receivable trial balances, bank reconciliations and rent rolls, closing
and HUD statements and financial reporting consolidation abilities.
Further, Bailey Schmidt Inc.'s consulting services include the
preparation of stabilizing management and disposition plans for
distressed properties with the goal of recovering as much value as is
possible for our clients. Further, when necessary we are able to
quickly take over the management of distressed properties and implement
said plans with the achievable goal of securing for our clients the
greatest net value possible from a distressed situation.
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