Property Management

PROPERTY MANAGEMENT

All Hirschfeld managed assets have property management personnel on site to ensure that tenants’ needs are always satisfied. On-site property managers report to a regional property manager or Vice President and are empowered with P&L responsibility to run their assets as autonomous businesses for which they are fully accountable.

Hirschfeld’s philosophy is to operate all of the properties it manages at a very high standard while maintaining strong cost controls and budgetary discipline. The result is the HMI definition of value – outstanding operating benchmarks, delivering cost effective property maintenance and management at the highest possible standard.

Hirschfeld's best practices deliver these outstanding results:

Consistent revenue and NOI growth in every community we own and manage

Portfolio-wide average of 95% occupancy versus an industry average of 92.6%*

Ability to push rents to market levels and beyond

Resident retention rate of over 70% versus an industry average of 56%**

Targeted approach to collections, averaging 92%- 98%

MANAGEMENT -
COST EFFECTIVE APPROACH

Hirschfeld strictly monitors operating expenses and capital projects in order to minimize expenses without sacrificing quality
HMI clients benefit from economies of scale across the Hirschfeld portfolio and vendor/supplier network
Develop highly motivated property managers by empowering them with P&L responsibility while maintaining strict quality control and constantly evaluating operating performance
All service contracts are reviewed and negotiated annually ensuring all pricing is current and money is never left on the table

EMPLOYMENT -
"THE BEST OF THE BEST"

With a comprehensive recruitment program, Hirschfeld attracts top talent while reducing employee turnover and training costs
Hirschfeld offers an industry-leading benefits package: 401k, health insurance, rental discounts, comprehensive PTO package, sponsored educational opportunities, and other benefits
Use of incentive/performance based salary increases and bonuses rather than simple “cost-of-living” adjustments

MARKETING -
ROBUST INTERNAL PLATFORM SUPPORTS THE MISSION

Hirschfeld’s proprietary leasing and marketing strategy enables the properties it manages to earn enhanced returns in the markets in which they are located
Comprehensive marketing and advertising campaigns in multiple media formats enhance and increase awareness of the Hirschfeld brand, its high quality apartment homes, and outstanding service
Intense and expert utilization of social media and internet listing services to maximize and optimize internet search results (SEO) and drive traffic
Hirschfeld utilizes a wide-reaching networking strategy with top regional employers, schools, and military bases to attract prospective residents and offers special rental rates to military, police, fire and certain other large employers

Hirschfeld’s proprietary leasing and marketing strategy enables the properties it manages to earn enhanced returns in the markets in which they are located
Comprehensive marketing and advertising campaigns in multiple media formats enhance and increase awareness of the Hirschfeld brand, its high quality apartment homes, and outstanding service
Intense and expert utilization of social media and internet listing services to maximize and optimize internet search results (SEO) and drive traffic
Hirschfeld utilizes a wide-reaching networking strategy with top regional employers, schools, and military bases to attract prospective residents and offers special rental rates to military, police, fire and certain other large employers

TECHNOLOGY -
TECH FOCUSED APPROACH DRIVES RETURNS

REQUEST FOR PROPOSAL

CORPORATE OFFICE

Hirschfeld Management, Inc.

950 Third Avenue
28th Floor
New York, NY 10022
212-218-4666