Project and Asset Management
Kalian Companies, a fully integrated real estate development organization with an exceptional reputation for uncompromising quality and attention to detail, is a recognized leader in the industry. The company has earned the respect and trust of its customers, as well as the municipal, civic and financial communities.
We assist owners of distressed residential properties maintain and enhance the value of their assets, whether the goal is to build out projects for sale to end-users or enhance property values for a bulk sale. Our services are customized to accommodate the unique needs and goals of each property owner.
Construction Management
Our responsibilities include, but are not limited to:
- Hiring and supervising on-site construction staff
- Preparing sub-contractor bid packages and outlining the scope of work
- Negotiating Subcontract Agreements and awarding contracts
- Scheduling subcontractors and tracking construction
- Scheduling and participating in building inspections
- Reviewing and processing subcontractor invoices
- Inspecting and maintaining quality of work
- Conducting pre-closing walkthroughs with purchasers or lessees.
Project Marketing
At our clients’ request, we will:
- Determine value and provide pricing based on competitive analysis and local market conditions
- Establish target market and create appropriate community image
- Develop coordinating advertising campaign and marketing materials
Sales
With our depth of marketing and sales, we are prepared to:
- Hire, train, and supervise new home sale counselors for on site sales and design options
- Maintain consistently high standards of sales office presentation
- Coordinate pricing and availability of options and upgrades with construction personnel
- Perform routine inquiries with prospects and purchasers to assure a high level of customer satisfaction and, ultimately, a strong referral base
Accounting Services
Because accurate accounting governs return, we:
- Prepare project proformas
- Maintain records using Sage Timberline Office accounting software
- Maintain actual overhead costs for the construction, sales, and service disciplines using Timberline software
- Prepare and update project budgets and perform cost variance analysis
- Maintain accounts payable, process invoices, pay project expenses and prepare aging reports which reflect payment and outstanding balances
- Maintain accounts receivable to include sales and closings, record and reconcile customer deposits and maintain commission schedules
- Work closely with lenders to secure/process construction draws through preparation of construction schedules and documents
- Coordinate preparation of year-end financial statements and tax returns with outside accounting
Closing / Contract Services
Typical to every project, Kalian Companies:
- Responds to attorney review for purchase agreements
- Monitors contract contingencies and all required correspondence
- Coordinates documentation with purchaser’s mortgage company
- Prepares addendums to contracts, as necessary
- Schedules closings
- Prepares and forwards closing packages
- Orders surveys/ survey certificates and reviews title work
- Processes post closing documentation and maintains closed files
Association Management / Registration
With extensive experience to draw form, we are prepared to:
- Coordinate preparation of Public Offering Statement and Application for Registration for submission to the New Jersey Department of Community Affairs for New Jersey communities of applicable agencies in other states
- Coordinate and review preparation of Association budgets
- Prepare and review homeowner restrictions
- Hire and supervise Association Management Company
- Attend Association meetings and participate in homeowner discussions
Warranty
As standard practice, we:
- Perform 30 day and one year walk-through inspections of units with the purchasers
- Educate and train warranty personnel to meet warranty guidelines
- Coordinate and supervise post closing, warranty service work through direct contact with homeowners and subcontractors
- All service work is closely monitored through the use of modern software, to include any manufacturer’s warrantable items
Governmental approvals
As required, our company:
- Tracks and updates approvals to ensure they remain valid
- Serves as liaison to Government agencies
- Negotiates Performance Bond reductions and releases
- Monitors obligations under Developer’s Agreements