Michigan Investor Services

Turn Key Management

Silverside provides full "Turn Key" management. We turn your apartment investment into a monthly financial statement and direct deposit. Silverside handles all of the day-to-day activities of the business. As experienced managers, we strive daily to enhance the value of your asset. Value is ultimately added over time by consistently maximizing NOI, while simultaneously preserving the physical structure, and enhancing the resident profile.

• Marketing & Leasing

  A marketing plan including a detailed competitive analysis, market study, resident surveys, advertising plan, brochure design, model design and decorating are completed and serve as a guide to attracting more residents with less advertising dollars. Leasing agents are trained in selling the property, screening the residents, and tracked closely to ensure that the marketing dollars = leases.

• Energy Analysis & Conservation

  Most properties have significant opportunities for energy savings. Silverside management analyzes energy usage, and implements an energy savings plan for the property. Often, significant savings can be achieve with minimal expense and a change of procedure. A conversation plan will be presented to the owner, to decide which aspects warrant investment.

• Maintenance & Resident Retention

  Maintenance procedures are established & streamlined with our management system. Accountability and customer service is achieved through training and our management culture. Better resident service and a great staff attitude equals increased resident retention.

• Collections, Book-keeping & Energy Billing

  Owners can log on anytime to view real-time property financials and an array of tailored reports. Transparency in management and an open, honest company culture allows you to rest assured that you have accurate information.

• Cap Ex Implementation & Repositioning

  In some cases, property amenities become out dated, or a lack of amenities prevent the property from attracting the best residents. In other cases, deferred maintenance or outdated systems are driving expenses through the roof. Silverside Management offers large scale cap-ex implementation planning, while maintaining high occupancy. If your property is in need of improvements, we will navigate through the challenges of planning and implementing a successful improvement plan.

• Repositioning Management & Consulting

  Silverside has a reputation for repositioning apartment communities successfully. We have the experience and expertise to identify issues with the operation, marketing positioning as well as opportunities that exist in the local market. We then implement a plan and financial model that makes ROI sense to all stakeholders in the property. Our repositioning experience has ranged from small 20 unit apartment buildings to 484 unit, 22 acre. complexes. If you have an underperforming asset, contact us for a free opinion. We can plan and execute the entire project, or simply work on a consulting basis.

• Receivership Services

  Silverside provides receivership and property management services to banks, special services, private equity firms and individuals foreclosing on defaulted land contracts. We will understand your objectives for the asset and implement/execute that plan. Through our partnership with Income Property Organizations, Silverside can help you to disposition the asset if that's your ultimate objective.

• Due Diligence Services

  Silverside has local hands-on market knowledge and expertise of the multifamily business. Through our experiences, we understand the nuances of the Southeast Michigan Apartment business and how to make an apartment community a profitable investment.
  
  We have a deep network of contacts in the industry that can lend an advantage when purchasing a property. Policies, Procedures and Models have been developed over time that enable us to respond quickly and accurately to the demands of a thorough due diligence process.
  
  We are able to offer our knowledge when you are considering an apartment investment in the local market. Please all to discuss how we can help.

• Accounting Services

  Reporting & Accurate Real-time Information
  
  Owners can log on anytime to view real-time property financials and an array of tailored reports. Transparency in management and an open, honest company culture allows you to rest assured that you have accurate information.
  
  Silverside's accounting staff is formally trained, and practically experienced in property management accounting. We pride ourselves in 'knowing the numbers' at all times.

• Large Scale Cap-Ex & Renovation

  In some cases, property amenities become out dated, or lack of amenities prevent the property from attracting the best residents. In other cases, long time deferred maintenance or outdated systems are driving expenses through the roof. Silverside Management offers large scale cap-ex implementation planning, while maintaining planning and implementing a successful improvement plan.