SERVICES - First Communities

SERVICES

Management
Services

First Communities Management (FCM) has managed over 200,000 units and 1,000 apartment communities throughout the country. Our diverse client family includes national banks, insurance and pension funds, syndicators, individual investors, HUD, FDIC, Freddie Mac, and Fannie Mae. The current market value of the company’s managed assets exceeds one billion dollars and we are widely recognized as a market leader in the property management of Class A, B, C and Tax Credit communities.

FCM’s vast experience and unwavering dedication to each client’s assets provide a strong foundation for improving a multi-family property’s bottom line. We believe in developing long-term relationships with our clients through honest one-on-one communication and trust.

Excellence
In Apartment Management

COMPREHENSIVE ACQUISITION DUE DILIGENCE

Whether it is one property or a large portfolio, FCM provides a thorough third party evaluation to help you make the best informed investment decisions.

FINANCIAL ANALYSIS AND REPORTING

FCM’s accounting and financial reporting systems are designed to give our clients the most accurate and critical information about each asset. On time and on point, our financial analysis and statements conform to your reporting requirements without compromising the integrity of the data.

INSURANCE COST CONTROL

Our team of property casualty experts constantly monitors rates and coverage from all the major carriers to provide our clients the very best coverage at the most competitive cost.

VENDOR MANAGEMENT AND NEGOTIATION

FCM clients enjoy national buying leverage, payment discounts, and purchasing opportunities in such areas as insurance and tax consultation.

MONTHLY MARKET STUDIES

FCM delivers relevant monthly reviews of the local market based on vast neighborhood experience and real world actionable data in order to maximize the gross potential income for each client.

DRIVING NET OPERATING INCOME

FCM maximizes growth in Net Operating Income through occupancy gains, elimination of concessions, improving resident retention rates and being vigilant and aggressive with rental rates.

SPECIALTY PROPERTY SERVICES

Each asset is unique and FCM has the specialized knowledge to fulfill the various needs of each property, such as new construction lease-ups, property renovation & repositioning, affordable housing & senior housing.

Support Services

Retain control of the multifamily management function while First Communities handles the back-office components which include:

ACCOUNTING

Financial Statement Preparation
Accounts Receivable Set-up
Accounts Payable
Debt Payment and other Lender Communication
Bank Account Setup and Maintenance
Bank Reconciliations
Budget Template and Property Management System Upload
Communicate with Tax Accountant to facilitate Tax Returns