PROPERTY MANAGEMENT

bayapartmentadvisors.com

An East Bay firm specializing in the Lake Merritt,

Temescal, Rockridge, and Berkeley areas

Bay Apartment Advisors is a full-service

property management and brokerage

firm in the East Bay serving communities

in Oakland and Berkeley. We have been

in the business of improving properties

and maximizing real estate values for

our clients for over 20 years. We offer

an integrated, streamlined approach

to property management backed by

a highly-trained staff of professionals,

and a full range of services designed to make building owner-

ship both trouble-free and profitable.

At Bay Apartment Advisors we understand that all successful

businesses are based on solid relationships, characterized

by strict accountability, timely communications, and integrity

of follow through. We are a smaller firm by design. You will

see our faces, and come to know us personally. You will

never be just a number. We are here to handle the complex,

full-time job of managing your multi-unit apartment build-

ing, while showing you in plain terms how to increase the

value of your property now and far into the future.

We are confident that the following factors make us uniquely

—

We offer an integrated, streamlined approach to

property management backed by a highly-trained

staff of professionals, and a full range of services

designed to make building ownership both

trouble-free and profitable.”

BAY APARTMENT ADVISORS

PROPERTY MANAGEMENT

Who We Are

266 Lenox Avenue Oakland | 36 units

”

We are confident that the following factors make us uniquely

qualified to handle all of your management needs:

Singular focus on apartment buildings in the East Bay.

We know the East Bay. We live here. The buildings we

manage are here. We drive by our properties every single

day, and conduct the majority of our business within a

one-mile radius of our office. We deal regularly with city

permit and compliance issues that only East Bay property

owners know about. This working knowledge is directly

translated into more efficient service than would otherwise

be possible with owners who reside outside the area.

We own apartments. We know what it’s like to be in your

shoes. As owners of apartment units in the area, we

understand the day-to-day service needs of both building

owners and tenants. We know how overwhelming it can

be to manage an influx of maintenance requests, and how

time consuming it can be to respond. While other manage-

ment firms oversee a spectrum of commercial real estate—

office buildings, industrial spaces, shopping centers—we

manage only multi-family apartments. Nobody likes to be

called at 3 a.m. to handle a water emergency. We get

that. Dealing with these types of issues is our specialty

and our focus.

Thorough knowledge of rent-control laws and

regulations. Our extensive knowledge of the rent-control

laws and procedures in the local markets that we serve

qualifies as a huge plus for you. We have successfully turned

over 15-20% of the apartments that we manage on an

annualized basis without the use of unlawful detainers. It

is our job to maximize your returns by capitalizing on

bank rent increases and tenant move outs, and to handle

the burdensome paperwork that is unavoidable in rent-

control markets. You won’t need to stand in line at the

rental board or calculate percentages. We do the math

for you, and ensure that all allowable benefits get passed

on in full.

We are brokers. We add value where simple property

management firms cannot. We understand all sides of

the market. We know what rents are going for, how to

push them, and how to get qualified tenants. We also have

the expertise to increase your property’s worth now and

over the long run through careful, unit-by-unit analysis

and suggested capital improvements. Whether you

—

We drive by our

properties every

single day, and

conduct the majority

of our business

within a one-mile

radius of our office.

”

”

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What Sets Us Apartcididincididunt ut

1401 Jackson Street Oakland | 47 units

1565 Madison Street Oakland | 66 units

—

We provide yearly

reviews with

recommendations

on how you can

improve your cash

flow, and how you

can generate more

wealth as time

progresses.

”

”

s

intend to keep your building indefinitely or are considering

putting it on the market in the short- or long-term, our man-

agement services can enhance your building’s value through

directed advice.

Total responsiveness, transparency, and follow through.

This cannot be emphasized enough: we are sticklers for

responsiveness. You will hear back from us without fail in

a timely, agreed-upon manner with all requests. We will

take care of the problems at your building quickly and

efficiently, at a cost savings to you. And, we will be com-

pletely transparent through a clear paper trail of all finan-

cial transactions and tasks completed. It is our goal to

more than compensate our clients for what they are pay-

ing us. If we don’t accomplish this, we do not deserve

your business.

As multi-family real estate owners, we understand the challenges

you face as an apartment owner. Your property is an investment

and you want to get the most out of that investment.

We utilize a state-of-the-art, web-based record-keeping and

reporting system, and provide a single point of contact for all

requests and issues. We provide yearly reviews with recom-

mendations on how you can improve your cash flow, and how

you can generate more wealth as time progresses.

Bay Apartment Advisors handles every aspect of apartment

building management:

RENT COLLECTION: We collect rents online at no cost to

residents or owners. When necessary, we will gladly collect

through traditional means, including drop boxes, postal

mailing, and pick ups if needed.

ACCOUNTING: We provide monthly accounting through

customized reports. Our seamless, online owner’s portal

makes it clear where you are making and spending money

on your property. We provide budgets, cash flow analysis,

work order reporting, and balance sheets. We prepare year-

end tax documents which make it easy for your accountant

to complete your taxes. All information on your property

is stored in a secure, password-protected data center that

you can access 24/7.

LEASING SPECIALISTS: We employ in-house leasing special-

ists who understand the markets in which we operate. We

Our Servicescididunt ut labore et do

396 Bellevue Avenue Oakland | 30 units

—

We actually care

about your real

estate investments,

and about doing the

job to your complete

satisfaction.

”

”

continually conduct leasing and market rent searches to

make sure that we are achieving the highest possible rents for

the properties we manage. Our leasing agents are required

to review every line item of every tenant application and cre-

dit/eviction report, and to call all references. We take tenant

selection very seriously to ensure that each resident we place

is a fit for the building.

REMODELING: We specialize in turning units quickly, inex-

pensively, and efficiently without compromising quality of

workmanship. We typically use third-party, licensed contractors

to complete remodels and capital improvement projects. We

understand the permit and work-flow processes in the cities in

which we serve and we will use the correct people for the

correct job.

MARKETING: We specialize in capitalizing on the current

market rental rates, while maximizing our clients’ profits. We

consistently obtain the highest rental rates in our market

through outstanding advertisements, photos, and referrals.

Higher rental rates means higher cash flow and larger sales

prices for 1031 Exchanges.

TRUSTED ON-SITE PERSONNEL: Our staff includes a team

of marketing specialists and administrators who are supervised

by our regional property managers. We provide the hands-on,

detail-oriented care that every owner wants for their investment.

All on-site managers are direct employees of Bay Apartment

Advisors, so that you don’t have to assume the legal and financial

obligations of hiring employees.

Our blue-collar approach to property management means

that we hustle on your behalf, and will never let anything slip

through the cracks. We do not keep 9 to 5 hours. We are

always on, any time of day or night. We actually care about

your real estate investments, and about doing the job to

your complete satisfaction.

Our Bottom Line

1332 Shattuck Avenue Berkeley | 18 units

314 Perkins Street Oakland | 35 units

3408 Richmond Blvd Oakland | 20 units

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C

F

E

K

A

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N

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M

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Photo Credits:

© 2016 Dean J. Birinyi: cover, inside cover, pages 1, 2 (bottom left), 3, 4, 5, 6, 7

© 2016 LucidPic Photography: page 2 (top left)

© 2016 Digital Sky Aerial Imaging: opposite page

A Sample of Properties We Manage The Principals

Q

El Cerrito

Berkeley

Concord

Oakland

A.

B.

C.

D.

E.

F.

G.

H.

I.

266 Lenox Avenue, Oakland

495 Merritt Avenue, Oakland

1332 Shattuck Avenue, Berkeley

2091 California Street, Berkeley

1401 Jackson Street, Oakland

1565 Madison Street, Oakland

1136 Virginia Lane, Concord

1239 Liberty Street, El Cerrito

472 Jean Street, Oakland

454 34th Street, Oakland

415 Adams Street, Oakland

396 Bellevue Avenue, Oakland

416-420 Staten Avenue, Oakland

3408 Richmond Boulevard, Oakland

314 Perkins Street, Oakland

160 Athol Avenue, Oakland

3110 College Avenue, Berkeley

J.

K.

L.

M.

N.

O.

P.

Q.

Joel is the president and founder of Bay Apartment Advisors.

Joel started his career in 2001 with Marcus & Millichap, where he

ranked among the top three agents in their Oakland office. In

2006, he went to Cassidy Turley BT Commercial (formerly BT Com-

mercial), where he was the highest-producing apartment agent

in their Oakland office. Joel has listed and sold over $400,000,000

in apartment buildings in the San Francisco Bay Area, represent-

ing developers, REITs, banks, and private clients. Joel has served on

the Board of Directors for the East Bay Rental Housing Association

(RHANAC), and is currently a member of the Rental Housing Organi-

zation (RHO) in Southern Alameda County and the Investment

Marketing Forum (IMF). A native Californian and fifth-generation East

Bay resident, Joel lives in Orinda with his wife Jessica and their

two children, Mia and Mitch.

Kris began his brokerage career in 2005 at Marcus & Millichap’s

San Francisco office in partnership with one of the firm’s most senior

agents. In 2006, Kris moved to the company’s downtown Oakland

office, where he stayed until joining Bay Apartment Advisors in 2010.

During his career, Kris has been involved in the sale of over 3,000

units in the San Francisco Bay area, totaling well over $250,000,000,

as well as multiple office, land, and retail transactions. He specializes

in the sale and management of multi-family properties with an empha-

sis on Oakland. Kris was born and raised in Mapleton, Maine, a small

farming community in the northernmost part of the state. He lives in

Piedmont with his wife Meredith and their daughter, Jane.

JOEL KELLY

201 19th Street, Suite 200Oakland, CA 94612t: 510-879-7311e: jkelly@bayaptadvisors.com

CA BRE 01340014

KRISTOPHER LAMONT

201 19th Street, Suite 200Oakland, CA 94612t: 510-879-7344e: klamont@bayaptadvisors.com

CA BRE 01511395

bayapartmentadvisors.com

201 19th Street, Suite 200

Oakland, CA 94612

t: 510-879-7344

e: management@bayaptadvisors.com

An East Bay firm specializing in the Lake Merritt,

Temescal, Rockridge, and Berkeley areas