Success Stories Bluestone & Hockley Real Estate Services - Property Management, Sales & Leasing

Apartments for Rent

Houses for Rent

Commercial Property
for Sale & Lease

Articles by
Cliff Hockley

Challenge
Immediately after taking over the management of a small retail strip retail center we discovered the previous management company had not estimated, collected or reconciled the tenants triple net (NNN) charges.

Solution
We immediately corrected the error and began collecting the triple net charges.

Result
By discovering and correcting the error we increased the owner’s bottom line by 14%

Challenge
We assumed management control of a retail strip center that had a vacancy of 35%, some of the spaces had been vacant for over three years.

Solution
We improved the street appeal of the property and began a new marketing campaign for the property.

Results
In less than two years the vacancy rate fell from 35% to only 5%.

Challenge
We began our management of a LEED certified historic office building with a complete inspection. During our inspection we discovered the heating system was operating improperly and was driving expenses and consumption over budget.

Solution
We implemented a plan to that permanently fixed the problem.

Result
We successfully reduced expenses by 10%, which equals a savings of $7,000 a year.