Sumitomo Real Estate Sales, Property Management Service

Property Management

Real Estate Investment Consulting and Property Management Service in New York

Sumitomo Real Estate Sales NY provides consultation for real estate investment, and property management in order to maintain the value of the real estate property as well as to protect clients’ investment profits.

We help our clients find their investment properties such as commercial building, corporate housing, as well as residential condominium buildings. We will manage our clients 'investment property on clients' behalf, no matter if they live in or outside of the U.S.

We provide market analysis and property information to accommodate each investor's needs.
Our rich experience and expertise in the industry help us provide comprehensive guidance from finding clients good real estate investment properties to providing reliable property management for the property they have purchased.



1. Handle Recurring Payments on Client's Behalf

We provide payment services for client's recurring expenses such as property tax, insurance fee, utility charges, mortgage loan, etc.

2. Introduction of Lawyers in case of Eviction and Lawsuits

In the unlikely event of tenant’s late payment delinquency, we will introduce a lawyer when there’s need for rent collection or eviction litigation.

3. Insurance Enrollment Procedures

We will provide guidance for procedures to enroll insurance such as property insurance, Insurent (insurance for rent payments), etc. on the client’s behalf.

4. Property Management Fee

There is a fee for Sumitomo Real Estate Sales NY property management service.
Please contact us for details.

5. Investor’s Statement

We prepare client’s tax return annually, and will send Investor’s statement to the owner or owner’s CPA, which summarizes the income and expenditure reports. The surplus of the difference between income and expenditure will be reimbursed to the owner or credited back to the owner's account.

Property Management Service

  • Rent collection - On behalf of the owner, we issue a monthly rent invoice to the tenant and confirm the payment status.
  • We will provide payment services for monthly common charges, property tax, mortgage loan, insurance fee, electricity and gas, etc. on behalf of the landlord by the due date.
  • Create and send monthly investor’s report.
  • Arrange reimbursement for surplus money - We will remit the surplus of the difference between income and expenses. Also, if the expenditure exceeds the revenue amount, the owner will need to deposit additional funds to our escrow account to cover the shortage. (Third Party Deposit Account).
  • Arrangement for the repair and provide client report for the content of the repair and its cost.
  • Work to resolve troubles such as water leakage and delay of rent payment.
  • Management of tenant's deposit.
  • Provide guidance for Insurance enrollment.
  • Provide services to prepare for tax returns (Optional service fee).

In order to be successful in real estate investment in the United States, maintenance of the building is key. We periodically inspect and perform proper maintenance so that the property value can be maintained. We will also renovate the room and upgrade its aesthetics and amenities such as refurbishing of the toilet and kitchen if necessary.

In New York, the construction period often gets delayed. Sumitomo Real Estate Sales NY provides arrangement of reliable contractors and conducts negotiations for difficult issues on behalf of the owners.

Backup System by Specialist

RiskConsulting

Risk Management
Consulting

  • Introduction of Lawyers in cases of evictions and lawsuits.
  • Arrange enrollment of owners’ property insurance on client’s behalf.
HomeOwnerSupport

Our Support for Owners

  • Tenant management and handling sales of property. (Sale brokerage service)
  • Finding new tenants with good credit history. (Rental brokerage services)
  • Financial Management: rent collection & sending reminder for late payments.
TenantSupport

Our Support for Tenants

  • Property maintenance and management.
  • Arrangement for handymen or contractors for damage and repairs, and to resolve tenant’s complaints.
  • Quality & cost management for contractor’s work.
TaxSupport

Financial Management & Taxation Support

  • Ensure smooth financial management by setting a managing account. (issue monthly investor statements)
  • Handle payments of recurring charges. (common charge, real estate taxes, etc.)
  • Assistance for filing U.S. tax returns.
    *Optional service: Introduction of CPA in the U.S.

Click here for Buyers Guide

Please contact us for any inquiries or questions
regarding property management