| PROPERTY MANAGEMENT |
American Property Management is dedicated to being the best asset management company in the west through our focus on operational excellence and superior customer service. These fundamental objectives allow us to attain outstanding financial returns for our clients, while creating an exceptional apartment-home experience for our residents. If you would like to see how APM can improve the appearance, operational efficiency and financial success of your property contact us for a free management proposal.
Phone: 425-709-7256
Email: apminfo@acg.com |
The APM Philosophy
We meet and exceed the expectations of clients and residents through diligent attention to several key areas of operations. Along with our extensive experience and skilled staff, these areas of focus allow APM to consistently improve the physical and financial condition of each asset we manage. |
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MARKETING
MARKETING
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Curb Appeal
Signage is very important and will be the first thing a prospect notices. Signage is replaced three times a year, March, July and October. Each time the color theme changes in an effort to draw new attention to the community. It is the Manager’s responsibility to let the Regional Manager know if signage had been damaged or stolen so that replacement signage can be ordered right away.
Well maintained grounds are integral to attracting new prospective residents as well. The grounds are a major aspect of the first impression of the property and reflect the overall quality of the community and the management. At every APM property flowers are changed out a minimum of twice a year. Grounds are walked by Manager and Maintenance Supervisor each morning to ensure there is no trash and no issues developed over night. |
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Branding Program and Neighborhood Knowledge |
• The APM Branding Program is a program where all the area merchants that do business in the neighborhood are met by the office staff. This ensures the on-site team will be the neighborhood experts always knowing where to get the best pizza, cheapest dry cleaning and who delivers, etc. |
• As the contacts are made, the merchants are invited to participate in the neighborhood information packet given to each new resident and menus / coupons offered for the move in packet. The pizza delivery companies we recommend are approached to offer free pizzas. |
• A 5-mile radius marketing plan is put into place. |
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Strategic Partners |
• Each site has 5 strategic partner businesses within their target market radius. |
• Partner examples are: Costco, Target, colleges and hospitals to name a few. |
• It is the manager's responsibility to locate a contact person at each of the 10 businesses and become partners for marketing purposes. |
• Each property has a list of 10 preferred employers in the area. |
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Advertising Plan |
• Each community has their own marketing plan based on advertising in the area and using past traffic source numbers.
Some of the print/web sites you will find APM communities are: |
• forrent.com |
• apartmentguide.com |
• apartments.com |
• rentals.com |
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• Each community is responsible for posting a www.craigslist.com ad each day. |
• In addition to the apartment general ad, each site posts a unit specific apartment ad for the target unit of the day. This creates a heightened sense of urgency with the prospects. This is also used to create a no pressure atmosphere so the unit looks to be posted by a single person for a single apartment and not a general one from the property |
• The Sales Manager will post a Craig's List ad for any site under 90% each Monday and Friday for added promotion. |
• Each property utilizes a Facebook page. |
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Promotions / Specials |
• Rent/Special Change Forms (RSCF) are reviewed three times a week, Monday, Wednesday and Friday. The Regional manager updates the RSCF based on traffic and rentals from previous weeks and reviews changed requested with the Area Manager. |
• The site market survey is also used to determine pricing and specials based on what the competition is offering. |
• The site market survey is also used to determine pricing and specials based on what the competition is offering. |
• A detailed map showing the location of the competition to our community is included. |
• The market surveys are used to determine if we are priced right in the market and to stay a head of the competition on specials. |
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• We offer many exciting resident activities each month. Each site has a Monthly Marketing/Retention Calendar with the activities planned out. We do one large party/activity each quarter, Saturday brunch (at market properties each week), an Early Bird drawing and many other monthly activities based on the time of year such as coloring contests and holiday get-togethers. |
• The Monthly Marketing/Retention Calendar is the bare minimum that each site does with most doing extra activities such as coloring contests, food drives, etc. This helps to keep APM sites consistent. |
• Each community also offers free movie rentals. |
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Resident Renewal Program |
• We look at renewals on a 30/60/90/120/150/180 day from expiration schedule. |
• Our goals for each month are as follows: |
• 30 Day = 65%
• 60 Day = 55%
• 90 Day = 45%
• 120 Day = 30%
• 150 Day = 20%
• 180 Day = 10% |
• Renewals are part of the RSCF packet on the last Monday of each month. At this time pricing and specials are determined and approved based on number of renewals in month, floorplans available and total exposure. |
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| Property Name |
Location |
Units |
Development Status |
Total Rentable sqf |
Current Estimated FMV |
Properties Sold After Tax IRR |
| Seasons at Surprise |
Surprise, AZ |
200 |
Under Development |
-- |
-- |
-- |
| Woodland I |
Olympia, WA |
224 |
Under Development |
-- |
-- |
-- |
| Legacy Park I |
Stockton, CA |
200 |
Under Development |
199,500 |
40,000,000 |
-- |
| Woodland II |
Olympia, WA |
224 |
Under Development |
-- |
-- |
-- |
| Legacy Park II |
Stockton, CA |
200 |
Under Development |
198,750 |
65,000,000 |
N/A |
| Jefferson Park |
Sacramento, CA |
208 |
Under Development |
350,000 |
85,000,000 |
N/A |
| Olive Tree – Commercial |
Chandler, AZ |
N/A |
Under Development |
82,000 |
17,000,000 |
N/A |
| Gresham Station |
Gresham, OR |
204 |
Under Development |
229,500 |
51,000,000 |
N/A |
| Jefferson Village – Commercial |
Sacramento, CA |
N/A |
Under Development |
350,000 |
85,000,000 |
N/A |
| The Meadows |
Tacoma, WA |
200 |
Built 2009 |
229,500 |
51,000,000 |
N/A |
| Tierra Pointe |
Casa Grande, AZ |
236 |
Built 2009 |
N/A |
N/A |
N/A |
| Sierra Oaks |
Turlock, CA |
208 |
Built 2008 |
197,600 |
33,000,000 |
N/A |
| Sterling Pointe |
Flagstaff, AZ |
202 |
Built 2008 |
191,554 |
27,500,000 |
N/A |
| Monticello |
Sacramento, CA |
208 |
Built 2007 |
239,223 |
62,500,000 |
N/A |
| Dakota |
Lacey, WA |
156 |
Built 2007 |
N/A |
N/A |
N/A |
| The Highlands |
Gilbert, AZ |
288 |
Built 2007 |
288,546 |
55,000,000 |
N/A |
| Addison Greens |
Puyallup, WA |
225 |
Built 2006 |
217,338 |
31,000,000 |
N/A |
| Brooks Landing |
Modesto, CA |
232 |
Built 2006 |
230,984 |
35,750,000 |
N/A |
| River Trail |
Puyallup, WA |
225 |
Built 2005 |
217,338 |
31,000,000 |
43.0% |
| Capitol Place |
Sacramento, CA |
192 |
Built 2005 |
198,304 |
32,000,000 |
37.5% |
| Eaglewood |
Woodland, CA |
156 |
Built 2004 |
147,968 |
27,000,000 |
41.7% |
| Avalon |
Gresham, OR |
225 |
Built 2003 |
205,267 |
22,800,000 |
N/A |
| Laguna Creek |
Elk Grove, CA |
160 |
Built 2003 |
171,615 |
28,500,000 |
12.9% |
| Columbia Trails |
Gresham, OR |
264 |
Built 2002 |
254,196 |
33,364,300 |
70.0% |
| Grand Oaks |
Corvallis, OR |
125 |
Built 2002 |
116,220 |
15,000,000 |
140.8% |
| Olive Grove |
Chandler, AZ |
289 |
Built 2001 |
289,528 |
35,000,000 |
23.7% |
| Aspen Court |
Casper, WY |
151 |
Built 2000 |
121,180 |
9,000,000 |
67.7% |
| Silver Spring |
Kent, WA |
251 |
Built 2000 |
223,026 |
20,000,000 |
N/A |
| Woodmark |
Woodland, CA |
173 |
Built 2000 |
146,742 |
21,500,000 |
N/A |
| Alderbrook |
Kent, WA |
207 |
Built 1999 |
178,808 |
18,125,000 |
N/A |
| Citrus Grove |
Sacramento, CA |
241 |
Built 1999 |
247,321 |
33,000,000 |
64.7% |
| Summit |
Tacoma, WA |
171 |
Built 1999 |
149,248 |
13,275,000 |
N/A |
| Autumn Run |
Great Falls, MT |
121 |
Built 1998 |
101,758 |
8,240,000 |
N/A |
| Cedarwest |
Bend, OR |
121 |
Built 1998 |
106,014 |
8,515,000 |
N/A |
| Glenbrooke |
Puyallup,WA |
225 |
Built 1998 |
189,894 |
15,880,000 |
N/A |
| Loma Vista |
Las Vegas, NV |
402 |
Built 1998 |
406,109 |
44,000,000 |
94.8% |
| Marketplace |
Vancouver, WA |
173 |
Built 1998 |
141,592 |
12,215,000 |
N/A |
| Courtside |
Olympia, WA |
211 |
Built 1997 |
187,352 |
15,016,000 |
19.9% |
| Eaglepoint |
Spokane, WA |
141 |
Built 1997 |
117,492 |
9,481,000 |
19.8% |
| Mountainside |
Cheyenne, WY |
157 |
Built 1997 |
114,838 |
9,824,000 |
18.8% |
| Northwind |
Reno, NV |
185 |
Built 1997 |
170,650 |
18,500,000 |
178.4% |
| Winterhill |
Marysville, WA |
149 |
Built 1997 |
92,600 |
11,651,000 |
22.7% |
| Creekside |
Missoula, MT |
161 |
Built 1996 |
127,897 |
10,849,000 |
17.6% |
| Heatherstone |
Tri-Cities, WA |
225 |
Built 1996 |
186,373 |
13,314,000 |
20.5% |
| Parkview |
Kennewick, WA |
109 |
Built 1996 |
89,077 |
5,892,000 |
3.3% |
| Rock Creek |
St. George, UT |
59 |
Built 1996 |
45,290 |
3,718,000 |
26.6% |
| Sand Creek Apartments |
Colorado Springs, CO |
121 |
Built 1996 |
99,547 |
5,884,000 |
20.3% |
| Summerglen Apartments |
Mt. Vernon, WA |
153 |
Built 1995 |
129,386 |
11,033,000 |
14.8% |
| Canyon View Apartments |
St. George, UT |
109 |
Built 1995 |
81,263 |
6,000,000 |
19.7% |
| Evergreen Ridge Apartments |
Bellingham, WA |
145 |
Built 1995 |
117,403 |
8,000,000 |
N/A |
| Green Valley Apartments |
Colorado Springs, CO |
121 |
Built 1995 |
96,977 |
7,500,000 |
16.6% |
| Ridgeview Apartments |
Ogden, UT |
79 |
Built 1995 |
66,879 |
4,205,000 |
14.7% |
| Southridge Apartments |
Reno, NV |
93 |
Built 1995 |
71,219 |
7,500,000 |
12.9% |
| Valley View Apartments |
South Ogden, UT |
80 |
Built 1995 |
59,757 |
4,288,000 |
12.8% |
| North Cliff Terrace Apartments |
Spokane, WA |
87 |
Built 1994 |
66,034 |
4,000,000 |
14.6% |
| River Pointe Apartments |
Salt Lake City, UT |
93 |
Built 1994 |
66,459 |
5,000,000 |
43.9% |
| Rose Lane Apartments |
Layton, UT |
64 |
Built 1994 |
48,016 |
3,205,000 |
25.2% |
| Mountain View Apartments |
Kennewick, WA |
121 |
Built 1994 |
98,432 |
5,500,000 |
22.8% |
| Shiloh Glen Apartments |
Billings, MT |
120 |
Built 1994 |
91,390 |
5,000,000 |
40.7% |
| Towne Square II Apartments |
Boise, ID |
80 |
Built 1994 |
59,017 |
2,750,000 |
N/A |
| Gatehouse Apartments |
Layton, UT |
100 |
Built 1993 |
74,612 |
4,216,000 |
24.7% |
| Maple Crossing Apartments |
Maple Valley, WA |
76 |
Built 1993 |
59,326 |
4,020,000 |
25.7% |
| Skyline Apartments |
Reno, NV |
100 |
Built 1993 |
83,257 |
5,397,000 |
12.5% |
| Skyview Apartments |
Reno, NV |
100 |
Built 1993 |
83,257 |
5,275,000 |
12.1% |
| Westlake I Apartments |
Maple Valley, WA |
96 |
Built 1993 |
76,456 |
4,697,000 |
4.3% |
| Wildflower Apartments |
Missoula, MT |
96 |
Built 1993 |
74,092 |
4,112,000 |
38.9% |
| Cottonwood Ridge Apartments |
Sandy, UT |
102 |
Built 1992 |
83,708 |
4,750,000 |
26.4% |
| Crystal View Apartments |
Park City, UT |
96 |
Built 1992 |
67,218 |
4,634,000 |
29.8% |
| Longfellow Creek Apartments |
West Seattle, WA |
83 |
Built 1992 |
63,918 |
10,000,000 |
44.5% |
| Northbrook Apartments |
Bellingham, WA |
90 |
Built 1992 |
69,309 |
4,950,000 |
19.3% |
| Hart Terrace Apartments |
Spokane, WA |
72 |
Built 1991 |
51,991 |
3,579,000 |
25.3% |
| Towne Square I Apartments |
Boise, ID |
80 |
Built 1991 |
59,914 |
2,750,000 |
N/A |
| Park River Apartments |
Boise, ID |
91 |
Built 1990 |
68,040 |
3,000,000 |
N/A |
| Brookwood Apartments |
Ellensburg, WA |
40 |
Acq. 1989 |
25,016 |
1,500,000 |
N/A |
| Pineview Apartments |
Spokane, WA |
54 |
Built 1987 |
45,434 |
1,750,000 |
N/A |
| Fairwood Apartments |
Coeur d’ Alene, ID |
120 |
Built 1989 |
90,084 |
4,750,000 |
N/A |
| Pineridge Apartments |
Spokane, WA |
68 |
Built 1987 |
54,480 |
2,000,000 |
N/A |
| Sunpointe Apartments |
Vancouver, WA |
210 |
Built 1989 |
166,444 |
11,000,000 |
14.5% |
| Total |
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11,781 |
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• Site: |
• Each site turns in a Daily Site Report by 6pm each day. This report is a compilation of many reports all relating to the operations of the property. |
• Reports are for the Regional Manager as well as APM upper management to understand what went on during the day starting with the manager arriving, the property walk, maintenance meeting, leasing meeting and daily goals. Call and walk-in traffic is tracked based on advertising source and rentals on the Occupancy Report. Some of the other reports in the file include: Vacant Turnboard, Delinquency Report, Renewal Report, Garage Report and Market Survey. |
•Reports are reviewed first thing in the morning by all Regional Managers and upper management. |
Regional Review: |
• The Regional Manager does an inspection of their properties once a month. They review these inspections in two parts: |
• Physical – They review the aspect of the property. The grounds, clubhouse, signage, vacant units and garages. |
• Audit – Reports are reviewed, resident files, prospect files, accounting files and vendor files. |
• Renewals are part of the RSCF packet on the last Monday of each month. At this time pricing and specials are determined and approved based on number of renewals in month, floorplans available and total exposure. |
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• To be hired by APMI, each new employee must complete a background check and drug test. |
• Staff training begins on day one. Each job description comes with a two week -30 day training packet that must be completed and signed off on by the new employee and supervisor. There is a test at the end of the training. |
• Each new employee receives a 30 day evaluation. |
• Each employee receives a review quarterly. |
• There is a standard tour that all APM site employees follow to be consistent. |
• In addition, in depth leasing training is taught by the Sales Manager during each site visit or over the phone using Power Point visuals and actual prospect calls for critiquing and quality control. |
• There is a random phone shop and email shop at each site monthly to ensure APMI standard is upheld. |
• There is also a quarterly e-mail, phone and in-person shop at each APMI community. |
APMI’s dress code policy: |
• Office Staff Men: |
• Business suits are required in solid color or pin stripe.
• Tie is mandatory
• Dress shirt
• Belt
• Socks
• Dress shoes free from scuffs
• Name tag is to be worn at all times
• No – hats, sunglasses, dyeing of hair (must look natural, long hair, piercings or tattoos. |
• Office Staff Women: |
• Business suits are required in solid color or pin stripe.
• Short sleeved or long sleeved blouse, no animal print.
• Camisole must be worn under shirt.
• Conservative low-heeled pump no more that 2 ½'' and free from scuffs.
• Name tag is to be worn at all times
• No – hats, sunglasses, dyeing of hair (must look natural), cotton t-shirts, sleeveless shirts; open toed shoes, sandals, piercings or tattoos. |
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• The Regional Manager works with the Manager to set up a Business Plan each quarter taking occupancy goals, upcoming renewals, staffing and the market into consideration. |
• In addition there are three objectives set up per property, financial goals, cost-cutting goals and marketing goals. |
• At the beginning of each quarter, the Regional Manager sits down with the Site Manager and reviews the Business Plan and both sign the document agreeing to the goals set fourth. |
• The rental/renewal goals are posted at each site in a highly visual location for all staff so that clear and concise goals are viewed daily and are used by the Site Manager for daily team meetings. |
• The bonus program for staff is tied to meeting and exceeding these goals. |
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Customer service is an integral part of our job and should not be seen as an extension of it. A company's most vital asset is its customers. Without them, we would not and could not exist in business. When we satisfy our customers, they not only help us grow by continuing to do business with us, but recommend us to friends, family and associates. |
APMI's 7 Steps of Customer Service
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1) We smile and say “HELLO!" to every person we come in contact with.
2) We listen to our customers needs.
3) We deal with any complaints.
4) We are helpful - even if there’s no immediate profit in it.
5) We train our staff to ALWAYS be friendly, courteous, and knowledgeable.
6) We take the extra step to ensure a positive experience.
7) We follow-up. |
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