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About
Penmar Management
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Penmar
Management takes the risk out of using a property manager. You are
never locked to a management agreement for an extended period of time with
Penmar. All properties are managed on a month-to-month basis. We have to focus
on making our clients’ properties perform at their highest potential with the
services our clients want or they could easily go elsewhere. Since we began in
1980, there have been three recessions and yet our clients have remained loyal.
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“ Penmar Management has handled my
eighteen units for many years. My husband, Caryll Wild, and I had worked with 2
prior managers. We were introduced to Bob Green [President of Penmar
Management] and over lunch we discussed the many responsibilities of managing
and how he trained the people. We were both convinced Penmar Management was the
business manager we were looking for. My husband passed away 10 years ago and I
can honestly say how thankful I am for Penmar Management and Bob Green when I
receive the detailed reports they send out each month.”
Mrs. Marguerite G. Wild, Culver City
There are no secrets to successful property management, just a willingness and
ability to attend to the many details that make up good record keeping,
property maintenance, tenant satisfaction, and client service.
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“Penmar chooses and trains competent resident managers. Penmar
shops to get competitive prices for maintenance. Their statements are timely,
informative, and complete. Knowing that I had a good property manager even
induced me to buy another property. As I reside in a state different from the
location of my properties, it is especially important to have a property
manager in whom I have complete confidence. I would have no hesitation in
recommending Penmar Management.” Ms.
DeRhoads Dolan, Prescott, AZ
Our regular monthly services include handling tenant complaints 24/7,
collecting rents, monthly inspections, computer tracked maintenance, and
providing the information owners want when they want it through our web-based
reporting. Owner reports are also sent at the end of the month so that they are
received within the first 10 days of the following month.
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“ I am a lucky lady. When I wanted help handling my rentals I
investigated a few management companies and decided on Penmar Management
because of their attention to detail and accounting. Every month I get a
detailed account of each property which includes a list of maintenance done,
utilities and other charges which are itemized, rent collected and status of
occupancy. The maintenance is done efficiently and shopped for the most
economical price for quality work. The downtime is minimal and attention is
paid to keeping current with the rental market prices. The accounting is good
and the managers they train are exceptional. They sure took a load off my back.”
Ms. Barbara Stockwell, Lomita.
We have structured all of our policies and procedures to minimize any conflict
of interest we may have with our clients. A good example of this is with
maintenance. Do you know that many management companies make a larger profit
from their maintenance division than they do from what they charge as a
management fee? You, as owners, should be concerned about this since your
property managers are the ones who are supposed to select the vendors that work
on your property and give you the most value. Management companies that make a
profit by performing maintenance themselves will be unlikely to hire other
vendors who would do a better job and charge you less. Therefore, we shop to
find you the best value from all vendors. What they bid is all that you pay.
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“If anyone is looking for the finest management is Los Angeles County, I would
not hesitate to name Penmar Management and Mr. Bob Green, the owner.”Ms.
Ruth Yardam, Van Nuys.
We combine a depth of experience with a devotion to current technology to
provide you with the competence in property management unbeaten anywhere. Since
1980, we have maintained our own in-house training program complete with
operation manuals, training tapes, and objective performance evaluation systems
so the lessons learned from one experience is retained for the future. At the
same time, we are using the power of the internet, advanced computer programs,
and the latest management theory to provide our clients with the highest
quality of property management at the most affordable price.
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“Penmar Management has been managing our apartment building
since Nov. of 1988 and during this time has taken care of it in a most
professional manner. Whenever we have had a need for consultation, they have
always been available and have handled it in a pleasant way. Their monthly
statements are clear and concise, and give a clear picture as to the workings
of our investment, which in turn, has made for a good business arrangement for
everyone concerned.” Ms Edith May Pycha,
Costa Mesa
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”Through the middle 1990’s I was the general partner for
several apartment communities in Riverside, California. Like all apartment
buildings in that area during 1994, these properties were suffering from high
vacancies and declining rental rates. Taking the advice of a prominent broker
in the area, I contacted, and then hired Bob Green of Penmar Management who was
managing other properties in the area. Those properties were performing much
better than ours. In our case, Mr. Green had to bring in a new, on-site staff
and was able to bring order through that winter. By the end of the second year,
all management control systems were operating according to the Penmar
Operations Manual and vacancies were down to only one. In 1997, the partnership
decided to sell the Birchwood Apartments, a 296 unit community, also in
Riverside. By this time I had gained so much confidence in Mr. Green and his
team that I made a contract with him to manage it long enough to make it more
attractive to prospect buyers. Knowing he had the ability to make a big
difference on the selling price, I had the contract provide Mr. Green with a
percentage of the selling price as well as a management fee for Penmar
Management. He reduced vacancies, trained the existing on-site staff, and
installed dependable control procedures. The staff, who was willing, but never
trained to work as a team, has expressed appreciation for the training supplied
by Penmar Management. After only seven months, the profits had increased, the
expenses were under control, the maintenance had improved, and we were able to
sell the property for much more than we could have without the work of Penmar
Management. I recommend Bob Green and Penmar Management to anyone wanting
thorough, professional property management that will increase property
performance.” Mr. Jack B. Murray, President,
U.S. Fund & Investment Consultants, Inc. Fresno
We focus on making sure you have the best on-site staff that can be attracted
to each property. All year recruitment and training programs, objective
evaluating systems, and an environment that rewards excellence is the major
factor why properties managed by Penmar Management consistently
out perform their competition.
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