XL Real Property Management

XL Real Property Management Based in New York is a residential management company that focuses on serving the needs of absentee owners who hold investment condo and coop apartments in New York City. With a particular focus on luxury apartments, XL is here to provide you with the meticulous management services required of high-end properties. By keeping their finger on the pulse of technology, they have streamlined the way investment apartments are managed, thereby ensuring your rental income is maximized, while keeping operating expenses to a minimum. At XL Real Property Management, they lift the burden of managing high-end investment apartments in New York City off your shoulders so you can sit back and relax. they make it easy for international property owners, overseas investors, or out-of-state apartment owners to manage, maintain, and supervise high-end properties from afar. From rent invoicing and lease renewal to repair and maintenance, they take care of it all. their standard fee for service is 5% of the gross rental income of your luxury investment. However, as an XL client you will be entitled to receive discounts on all operational services you would typically encounter as an owner such as insurance, contractor and legal fees. This can substantially offset their management fee. In a complex real estate market like New York City, partnering with a property manager to represent your individual high-end apartment or small luxury building is vital to creating a prosperous investment experience. their property management philosophy puts your profitability and peace of mind first so you can invest with full confidence, even if you don’t live in New York City. they make it possible for you to manage your New York City investment property from overseas or from another state so you can achieve the maximum income potential of your luxury apartment, town home, or pied-a-terre. Staying up-to-date on high-end market pricing is key to maximizing income for your luxury rental. they carefully review neighborhood comparable pricing to ensure your lease and lease renewals are in-line with market expectations. When negotiating the terms of your lease, they negotiate the most favorable terms possible and help you avoid costly mistakes that could invite future exposure. If you own a portfolio of luxury apartments, XL can help you secure discounts on everyday operational expenses. From painting and repair work, to insurance premiums, to legal and accounting services, they help you save money through the power of buying in volume. In New York City, apartment turnover and other maintenance/repair expenses can add up quickly, creating sizable line items in your investment budget. XL helps you manage those costs by connecting you with the best vendors for maintenance and repair work. their extensive database of licensed and insured contractors and technicians gives you access to knowledgeable, trustworthy vendors at cost-effective prices. With local representation and knowledge of the market, they ensure that you hire only the best contractors to maintain your high-end investment property. Insurance coverage is one of the most complicated topics in real estate investing. their team of experts will review your current insurance policy so you won’t be unpleasantly surprised when it comes time to file a claim. they protect your investment by making sure you are correctly insured for the type of asset you own in the event of an accident. their experience and know-how will ensure that you never have too much coverage, too little coverage, or the wrong kind of coverage. As the saying goes, time is money. Rather than navigating the labyrinth of the New York City high-end real estate market alone, allow them to save you the hassle, headache and inconvenience of self-managing your assets. the client-centered approach includes online rent payment and digital statements, allowing you to streamline your property management tasks and reclaim your time for other pursuits.