Pied-a-terre/Owner-Occupied Management

At XL Real Property Management, we take the stress out of owning high-end investment properties in New York City. We provide a full range of property management services so you never have to worry about what to do next. Just sit back and relax. We’ll take care of the rest:

Financial Administration

  • Expense Payment
  • Capital Improvement Oversight
  • Monthly and Annual Accounting Statement Preparation

Asset Operations

  • Boiler, Elevator, and Life Safety Equipment Inspection and Monitoring
  • Emergency Repair Assistance
  • Repair and Maintenance Issues/Staff Oversight

Owner Experiences

  • Routine Property Inspections
  • Prompt Responses

Legal & Compliance Governance

  • Insurance Procurement
  • Legal Services
  • Mortgage Escrow Reviews
  • Regulatory Filings and Compliance

Financial Administration

Expense Payment

Expense Tracking, Recording, and Review for Accuracy

We carefully review and analyze every invoice we receive prior to payment. We check invoices thoroughly for accuracy, ensuring there are no errors in accounting, billing, or overage charges.

Monthly and Annual Accounting Statement Preparation

Detailed Income and Expense Statements On Time Every Month; Year-end Statement to Make Tax Preparation Easy

Tracking the financial activity of your asset is easy with our monthly and annual accounting statements. By the 15th of every month, you will receive our monthly owner’s statement detailing the income and expense activity of your asset, including receipts for ultimate transparency and ease of tracking. Track monthly statements and access financial reports for investors on our website. With done-for-you financial reporting, tax filing is simple and cost effective.

Capital Improvement Oversight

Is it Time for an Update? We Oversee Any Size Renovation to Boost Rental Income

In New York City’s competitive luxury real estate market, the key to maximizing return on your real estate investment is delivering the expected high-end product. When your property needs an upgrade to bring the apartment up to market expectation, we will oversee the project, no matter how big or small. We can save you a tremendous amount of money by maintaining strong relationships with contractors and supervising the project closely, while using only trusted, quality vendors to ensure the job gets done right and on budget. Our team lifts the impossible task of long-distance construction project management off your shoulders and provides hands-on oversight of the renovation project so you can rest assured that your money is used efficiently. With an extensive background in renovations, we help you determine the best place to spend every dollar.

Asset Operations

Boiler, Elevator, and Life Safety Equipment Inspection and Monitoring

Ensure Your Building’s Equipment Meets City Safety Requirements

We will coordinate and facilitate equipment inspections as recommended or required by law to keep your building safe and secure. Trust our team to help you avoid unnecessary fines and violations, prolonging the lifespan of your building’s equipment.

Emergency Repair Assistance

We Protect Your Interests Around the Clock, Whenever Emergency Strikes

Our team of experts is available 24 hours a day, 7 days a week to handle any apartment or townhome emergency, keeping small issues from becoming catastrophic repairs. Each tenant can contact us through our direct emergency phone number if the need arises. Our crisis management team will contact the right people in the event of an emergency, and we will maintain an on-site presence to protect your interests at all times.

Repair and Maintenance Issues/Staff Oversight

We Get Maintenance and Repair Jobs Completed Quickly, Correctly, and at the Best Price

A quick response keeps small problems from evolving into big headaches. We assist with maintenance of HVAC systems, sprinkler systems, irrigation systems, and more. Our goal is to help you find insured, reliable vendors at the best possible price, ensuring each job meets our meticulous quality standards. We will also oversee cleaning staff to guarantee a well-maintained property.

Insurance Procurement

The Protection You Need, When You Need It

Proper insurance coverage makes all the difference when your asset experiences a loss. Given the complexity of insurance, it is critical that you have adequate coverage with a credible carrier that will pay claims when required. We help you obtain quotes, find the right insurance policy at a competitive rate, and guide you through every step of the process.

Legal Services

Our Experts Ensure You Never Have to Worry About Legal Issues

Our team stays up to date on all changes in NYC housing laws so you always stay compliant. If a legal issue arises, we offer in-house legal counsel to assist you at a discounted price. In the event that a representative from the landlord is needed in court, we can attend on your behalf and provide updates of all events.

Mortgage Escrow Reviews

Avoid Bank Overcharges with Properly Calculated Escrows

On occasion, banks miscalculate funds needed for insurance or property tax escrows. If you have mortgage escrows with a bank, we can review them to confirm completeness and accuracy. We will also ensure that the bank refunds any excess funds that are not required.

Regulatory Filings and Compliance

Leave the Paperwork to Us

From DHCR filings to HPD registrations, we assist with all paperwork required by the city of New York for the operation of your property. Although property filings can be daunting, we have streamlined the process so you can easily stay in compliance with NYC guidelines. We take care of your paperwork so you can avoid simple mistakes that could result in costly fixes.

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