Barratt Asset Management specializes in investment, management and (re)development services. Please read more about these services below.
At BAM, we believe in doing our homework. We employ a comprehensive due-diligence plan to identify and thoroughly vet value-creation opportunities. BAM also promotes appealing, strategic returns by using conservative risk assessments and creative debt structures. We get rid of the middle-men; BAM sources capital ourselves on a direct basis. You’ll appreciate BAM’s transparency, accessibility, and due diligence, as well as delivery of regular investor reports.
Establish capital budgets and operating proforma budgets for the first operating year and beyond.
Market surveys, competition shopping, and use of top tier industry databases combine for clear market insight.
Occupancy, lease expiration exposure, trends, etc. are all assessed.
Insurance and risk review assessments are conducted, reviewed, and shared with advisers of owner’s choosing.
Analysis of demographic and employment trends. Trade area performance.
An exterior physical inspection and an assessment of mechanical systems are conducted.
Real Estate taxes and assessment analysis.
Evaluation of all site personnel and resources.
Lease files and resident documents are tested for completion and accuracy.
BAM identifies immediate needs of the property and establishes a completion timeline.
All vendor contracts are reviewed.
All current and historical statements are reviewed and evaluated.
All meters and utilities are evaluated.
All fees and sources of income are analyzed.
Every unit is inspected thoroughly to ensure all improvements are documented.
BAM anticipates and executes the needs of today’s modern multifamily asset owner. We provide: on-site personnel, day-to-day operation oversight and management, and even complex construction and/or renovation projects. Another BAM standard in asset management is our industry-leading owner reporting. BAM’s company-wide culture also helps create a resident-centric experience at each property.
Maintaining property specific marketing strategies including rental rates and advertising allocation.
Staff members are trained, empowered, and given the tools and resources needed to succeed.
Migration of resident and lease information, vendor contracts, banking and more.
Negotiating contracts for services and supplies at the best value.
Building, grounds, equipment, and preventive maintenance programs are established and implemented.
Careful monitoring of payables and cash-flow management.
Criteria are developed in compliance within federal guidelines and specific market parameters.
Maintaining excellent owner and resident relations.
Rent collection and bad debt management.
All aspects of financial reporting, bank reconciliations, tax & insurance payments, and loan management can be performed in-house.
Maintenance and construction can be tricky in any project. At BAM, we get rid of the guess-work. BAM’s construction, project, and maintenance team is skilled, experienced, and knowledgeable. At BAM, we rely on a deep bench of talent among the skilled trades. Our team is ready to handle management and oversight of maintenance personnel, bidding out capex, or even full renovation.