Covey Commercial provides highly skilled daily management and operations of office, retail, industrial and medical projects as well as advisory strategies such as acquisition, repositioning and disposition.
Asset and Property Management
Our services include development of annual Asset Management Plans and Operating Budgets, which focus on the Owner’s objectives and include a comprehensive narrative detailing revenue, expenditures and net cash flow. Our client retention longevity is exceptional with numerous clients having remained with us for more than 10 years.
Covey Commercial coordinates construction of capital improvements as well as preparation of space plans for approval by prospective tenants. We negotiate contracts with tenant improvement contractors, administer a clean and professional construction site, review and approve progress billings and oversee tenant occupancy.
Our Property Managers diligently seek compliance of the lease terms and obligations of each tenant, including prompt and full payment of rent. Detailed audits of all new properties are conducted to ensure optimal revenue generation.
Professional, friendly and responsive relationships with tenants are cultivated and maintained to ensure the highest possible tenant retention rates and decreased capital costs of turnover.
Maintenance and Repairs
Covey Commercial obtains multiple bids and contracts for janitorial service, landscape maintenance, repairs and other services necessary to maintain the projects in quality condition at competitive costs. Covey Commercial performs regular and frequent site visits and our personnel are available 24 hours per day for immediate response to maintenance and repair emergencies.
Full Service Accounting
Property Owners are provided comprehensive monthly financial reports detailing all revenue and expenditures, including a narrative discussion regarding any significant budget variances utilizing multiple state of the art accounting systems. All income is promptly deposited into bank accounts maintained in the name of each Owner. All invoices, including mortgage, taxes and insurance, are paid in a timely manner.
Covey Commercial personnel have extensive development experience in office, medical, industrial and senior living projects.
Vendor Procurement / Administration
We procure and retain professional service companies to provide the most cost-effective maintenance.