255 E. Brown Street
Suite 105
Birmingham, MI 48009
248.594.8500
248.594.8536 fax

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GRAND RIDGE TOWNHOMES
GRAND RAPIDS, MICHIGAN

SERVICES

 

Property Management

Our standard is to manage third party owners' properties as Owners.  Our all encompassing services allow our clients to realize the maximum value of their assets by obtaining the highest possible lease rates, occupancy levels and apartment rents.  Thereon the properties expenses are balanced to an optimum level of being "well maintained" within "reasonable capital budgets and operating costs."  These management skills are applied to all real estate asset classes, from office buildings to apartment communities to condominium conversions.

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Commercial Leasing & Sales Brokerage

Bailey Schmidt Inc., strives to increase asset value in all leasing and sales activities.  We strive to negotiate all commercial leases with an eye on value enhancement.  By attaining or exceeding market conditions, we increase asset valuations for ownership.  Our goal is to keep properties fully occupied over the long term which enhances value and reduces tenant improvement and lease turnover costs.  We are well respected by our peers in the commercial brokerage industry in the Detroit area & throughout Michigan.

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Residential Sales of Condominium Conversion Communities

Bailey Schmidt Inc. in conjunction with Manchester Properties, Inc. has sold over 400 individual condominiums and has managed over 12 condominium conversion developments from acquisition through sell-out.  We have managed the acquisition of apartment communities for conversion, undertaken and completed the conversion renovation programs,  successfully staffed and marketed  condominium communities for sale and provided construction management to improve the individual condominiums for sale.  We have strived and attained an ideal balance between maximizing rental operations during the sales period with the maximization of each condominium conversions' sales pace.  We have completely sold out over 12 condominium communities from start of conversion to sell-out.  Bailey Schmidt Inc. has the ability to do the same for single family subdivision lots, both individually or on bulk sales.

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Development & Acquisition Services

Bailey Schmidt Inc. has been on the front end of millions of dollars of developments and acquisitions on every property type.  These services provide Owners with assurance that all physical, zoning, economic and financial, environmental, title and other due diligence matters are properly addressed such that our clients' will not have any surprises post closing from missed due diligence.  These services provide confidence as our clients move from acquisition to ownership without missing a beat.

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Construction Management & Oversight

Bailey Schmidt Inc. has been involved in every aspect of construction from building design and build-to-suits, re-zoning and site plan approval processes, tenant space design and build-out, commercial property rehabilitation, change of use facility construction, simple apartment turnover, condominium build-out to purchasers' specifications and exterior property renovations and landscaping.  Over the years Bailey Schmidt Inc. has developed and retained strategic relationships with a myriad of construction managers and sub-contractor trades alike.  All such that no amount of construction is beyond our supervisory capabilities while providing our clients with access to high quality contractors and trades.

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Fact Finding Property Due Diligence and Financial Review

Bailey Schmidt Inc. is capable of performing every type of property due diligence and financial review for its clients.  Whether a client is in the acquisition, pre-development, lease-up, disposition mode or a bank foreclosing an existing property, we can develop the appropriate plan for any type of asset in any type of situation.  With the depth of our professional real estate experience and knowledge, there is no situation which is beyond our ability to accurately analyze and assess resulting in an appropriate actionable report having a thorough recommendation plan.  Thereafter, we can implement said plan on behalf of our clients.  These services are thoroughly performed with client involvement, yet provide timely and accurate findings and assessments all while reducing the time requirement of our clients' executives.

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Accounting and Consulting Services

Our financial reporting is CPA supervised and is based upon Generally Accepted Accounting Principles both under the cash or accrual basis of accounting.  Further, our management reports provide our clients with the ability to oversee their assets with ease by providing accurate supporting cash disbursement and receipts journals, accounts payable and receivable trial balances, bank reconciliations and rent rolls, closing and HUD statements and financial reporting consolidation abilities.  Further, Bailey Schmidt Inc.'s consulting services include the preparation of stabilizing management and disposition plans for distressed properties with the goal of recovering as much value as is possible for our clients.  Further, when necessary we are able to quickly take over the management of distressed properties and implement said plans with the achievable goal of securing for our clients the greatest net value possible from a distressed situation.

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