Multi-Family Management

"I trust Echo with my 100 rental units. Their dedication to quality has clearly set them apart from the pack."

Lon Welsh
Founder-Your Castle Real Estate
Author – 2011 Guide to CO
Real Estate Investing

Multi-family management requires a completely different approach compared to single-family.

From accurate forecasting and budgeting, to carefully managing the P&L and vendors, each factor is as critical as the next. Echo Summit’s multi-family division has a proven track record of working closely with investors to ensure maximum income and maximum appreciation over time.

Our multi-family services feature

No Start-up Fees
Indeed, it takes a lot of time, effort and expense on our part to fully understand and integrate your property into our system. Where many multi-family managers will charge a start-up fee for this phase, Echo considers this our investment in YOU, betting on a great long-term relationship over time.

Detailed Planning
Echo utilizes innovative traffic and leasing activity programs, where we track occupancy levels, amenities, rental rates and concessions, and then tailor an integrated action plan for each property.

Aggressive Marketing and Market Analysis
With our deep roots in technology, business and marketing, Echo is unparalleled in its ability to advertize and promote properties. Echo utilizes agency-level marketing and graphic design, helping ensure we effectively drive the maximum -and correct- type of traffic to your community.

Proven Leasing Techniques
Echo’s multi-family team employs successful leasing techniques that are proven in highly competitive markets. We constantly monitor absorption, competitive rates and other factors to produce maximum income today and maximum appreciation over time. Our screening procedures thorough… we conduct background checks, call rental / employer references, and perform in-depth credit checks.

Thorough Management and Expense Controls
Your dedicated account manager will work tirelessly to ensure that goals are achieved and budgets are met. Ongoing, your account manager will:

• Conduct budget preparation and forecasting
  
• Oversee daily property operations
  
• Manage lease lifecycle process, from check-in to check-out to marketing
  
• Tightly monitoring compliance with security deposit disposition, warranty of habitability and tenant rights
  
• Manage on-site and/or contract vendors to ensure maximal efficiency
  
• Oversee resident selection
  
• Review financial reporting and accounting
  
• Meet with owner frequently to review goals and results
  
• Track and ensure compliance with applicable federal, state and city laws

Dependable Financial Management
Echo provides a full range of accounting services for its clients. Our monthly financial statements give complete financial information concerning the financial position, operations and results of operations for the period.

Considerable Purchasing Power
With Echo’s large base of managed properties, we have considerable purchasing power for both products and services. Where many management companies consider this a profit source, as your trusted fiduciary, we pass any savings going 100% on to you.