Advanced Management Group Offers Innovative Approach To Property Management
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Las Vegas, NV (PRWEB) November 7, 2007 -- Advanced Management Group, a Las Vegas-based real estate management company, offers an innovative management fee structure, incorporating accountability and a vested interest in the property owner's bottom-line. Unlike traditional property management companies, Advanced Management Group's fee structure is based on the financial performance of the properties they manage.
According to Bret Holmes, vice president of operations for Advanced Management Group, the accountability fee structure demonstrates their commitment to the property owners and the overall success of their properties. The fee structure is based on property meeting the budgeted operating income goals on a monthly basis, which creates a win-win situation for the management company and the property owners.
Advanced Management Group currently manages 996 units in Las Vegas for The Edge Group, a Las Vegas-based development, gaming and management company. According to Jeff Williams, executive vice president and general legal counsel of The Edge Group, the accountability fee structure is a logical choice for his properties.
"Complacency is very common among management companies," explained Williams. "The performance-based fee structure encourages superior property performance with a financial reward for all parties involved."
Advanced Management Group Nevada, LLC is a real estate management company with more than 40 years experience in providing property management, financial, and asset management services for multi-family properties. Advanced Management Group currently manages more than 2,000 units in Las Vegas, Nevada, including conventional, weekly/flexible stay assets and hotels.
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This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
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