Cambridge Management, Ltd.
Cambridge Management started in 1999, in the south suburbs of Chicago, Illinois when Constance Macon, newly achieved real estate broker, opened Cambridge Management – the real estate management office for the working mans real estate needs. With the on-set of the Cambridge Management office, Cambridge worked with property owners in areas such as: Aurora, Schaumburg, Westmont, Crete, Naperville, Bolingbrook, Joliet, Palos Heights, Homewood, Frankfort, Tinley Park and Orland Park to manage their real estate needs by providing full range of services required to keep Cambridge Management properties operating with the lowest overhead possible without depleting the great service that Cambridge Management had become known for.
First Class Service
First class service means that Cambridge Management property managers are responsible for keeping properties operating at peak performance. While it was necessary, and worthwhile, education plays an important part in the performance of the property manager. Experience also lends itself to the daily operation of commercial real estate. Combined, the property owners are able to achieve results offered by many higher end real estate brokerage houses, at a much reduced cost through the use of Cambridge’s services.
Cambridge management is able to provide personnel whom have obtained the highest professional designations available to date which include, Real Property Administrators (RPA) from the Building Owners and Managers Association (BOMA) and the Certified Property Managers (CPM) designation from the Institute of Real Estate Management (IREM). In addition, all managers assigned to properties have obtained designation as a real estate broker.
Cambridge currents utilizes QuickBooks as their tool to manage the daily accounting of a property. We typically work with the clients accounting firm to provide accurate and efficient reporting standards. In addition to monthly reporting Profit & Loss statements, Balance Sheets and reconciliation of the bank statement, we also provide the clients monthly accounts receivable statement and general ledger statement.
An initial review of the property would consist of an overall review of the property and grounds. In addition a review of the leases and preparation of pro-forma would also be performed. Upon completion, a check list of items needed would be performed which include the submission of a management agreement. Initial business contacts would be made which would include notification to the tenants, vendors, real estate tax agencies, mail services, mortgage lenders.
In addition to the daily business operations of the property, it is typically necessary to work with the property owners to market the availability of office and/or retail space. Cambridge management is experienced in providing a leasing package suitable to lease most commercial, retail and industrial properties. We typically post our commercial listing with Loopnet and market to the area locally through newspaper print adverting.