Olympic Management Company

Affordable Housing Icon It’s one thing to manage a property, it’s another to manage an asset effectively and to ensure it performs to its maximum potential. At Olympic we are hands-on and take a proactive approach that results in asset preservation as well as increased value.
From day one, Olympic principals and employees have recognized that this approach would result in both competitive advantage and huge benefits to our clients. Our property managers are expected to oversee all aspects of our clients’ properties, including:

Development and implementation of an annual budget for each property, in conjunction with client input and expectations.
Monthly financial statements, including a budget variance report.
Optimization of rental rates and the achievement of monthly rent level goals.
Evaluation of assessed property tax values and, if necessary, coordination of the appeals process.
Coordination of major projects, such as exterior painting and structural repairs, including review of bids and invoices.
Management of cost-effective marketing programs.
Regular site visits and inspections of each property, which includes viewing vacant units, buildings, files and grounds.
Continual leadership, support and motivation of on-site team members.
Knowledge about current legal issues facing the multi-family housing industry, such as Fair Housing and landlord/tenant laws, as well as industry trends.

Affordable Housing Icon Like each individual property, marketing plans must be unique. Therefore, we create a plan that is customized for each asset we manage. Olympic Management Co. has expertise in developing and implementing cost-effective marketing and retention programs. Each comprehensive marketing plan includes:

Target audience recognition
Ensuring that the property’s curb appeal is maximized
Advertising (print, internet and direct mail)
Brochures and other collateral
Signage
Resident referral programs
Chamber of Commerce outreach
Resident newsletters and activities
Military outreach

A consistent and multi-pronged marketing program helps a property get off on the right foot and sets a foundation for long-term success.

Affordable Housing Icon Our wide range of experience in managing all types of properties has helped us understand the needs of even the most discerning residents. We train our onsite staff to understand that we are providing one of the greatest needs to our residents: taking care of their home environment. More...

We know that satisfying the needs of today’s sophisticated residents is good for the bottom line. Creating an atmosphere that the residents feel good about calling home helps reduce turnover, increase the quality of referrals and helps to smooth the way for thes ometimes-necessary rent increase.

Our staff knows it’s important to develop personal and responsive relationships with the resident community. We keep the lines of communication open through resident newsletters and website updates and convenient office hours. It’s our policy to address maintenance requests within 24-hours.

Affordable Housing Icon Compliance is crucial, and we provide ongoing monitoring of each property’s affordable housing program. Our team of experts works constantly to ensure compliance. They take a proactive approach to bond, HUD, and tax credit management. A partial list of their responsibilities includes:

Audit and approve compliance paperwork prior to move in.
Audit the Resident Profile Report on a regular basis to ensure compliance.
Audit on-site files monthly.
Complete all reports required by state and federal agencies.
Compile reports for investors and owners, as needed.
Perform annual re-certifications of residents.
Ongoing training of on-site staff on matters of compliance.
Monitor and respond to changes in federal and state regulations.

In addition to specific compliance-related tasks, we have strong relationships with the appropriate government agencies in the states in which we do business.

Questions or comments? Send us a note or inquiry instantly using the form below.