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DEC has in-depth property management experience. DEC believes that intensive management of acquired assets can preserve and enhance investment values. The available management resources include extensive experience in the areas of financial analysis and control, data processing, advertising and promotion, property acquisition, legal services, hiring and evaluation of personnel, and the implementation of training programs.

The property management function focuses on five principal areas:

(1) financial reporting and controls
(2) hiring and training of on-site personnel
(3) supervision of on-site personnel
(4) elimination of deferred maintenance
(5) legal and regulatory compliance.


On-site personnel are responsible for maintaining detailed records on occupancy, prospective tenant traffic, maintenance requests, rent receipts, and expenses. Records are maintained in on-site computers which are accessed by the computers at DEC’s home office. DEC reviews weekly occupancy levels, prospective tenant traffic reports, gross income receipts and rental rates. Monthly reports of income, expense and cash flow are prepared and circulated promptly following the end of each month. These weekly and monthly reports provide and early warning of any occupancy problem or other difficulties related to the operation of the property. They are also used to determine the effectiveness of on-site personnel, as well as the effectiveness of advertising and promotion. All properties are audited annually by a national firm of independent accountants.

All on-site personnel are subject to intense supervision by requiring weekly reporting and frequent on-site visits by DEC personnel. Emphasis is placed upon maintaining high occupancy rates, aggressive rental rates, and superior asset maintenance.

In order to maintain value in the assets, preventive and regular maintenance is stressed. DEC’s extensive experience in maintaining its operating properties is drawn upon heavily to develop and monitor maintenance programs. All acquired properties maintain capital improvement reserves. Improvements are made based upon an annual budget.

Property Management Partners