Welcome to Kenney Realty Services

A Kenney Companies Company

Kenney Realty Services offers property management services for both multi-family and commercial assets on a fee basis. Reporting to owners can be weekly or monthly as requested by the owner and can be as detailed as is needed. Reports can also be customized to fit a client’s particular need. While certain standard practices are followed, the management plan can be altered as requested by the client.

Our property management services include:

Kenney Realty Services follows most standard property management policies and procedures. All prospective residents at apartment communities must agree to a criminal background check as well as credit inquiry. Prospects with any felony convictions or misdemeanor convictions related to drugs or personal assault are denied occupancy. We use a web-based service for credit and criminal history and therefore are able to respond to prospects quickly with an approval or denial of occupancy.

Standard collection practices are utilized, with rents being due on the first of the month and payable by the close of business day on the fifth of the month. Late charges are assessed on the sixth, and eviction proceedings begin on the eleventh of the month. On-site staff attempt to collect any unpaid balance from former tenants for thirty days following move-out. The accounts are then turned over to a local law firm for collection.

A marketing plan is prepared for each apartment community on an annual basis and is adjusted as necessary throughout the year. Special promotions are theme based and are designed specifically for a property to target the group of prospects determined to be most suitable for that property. Advertising in publications, etc. is determined on an individual basis by property and is based on prior results from that means of marketing.

Market surveys are prepared each month, generally around the twenty-fifth of the month in conjunction with the close-out of the financial records for the month. After appropriate comparable properties are determined, certain information is verified such as rental rates, concessions or other specials, other fees and charges, and any changes made to amenity offerings. Detailed information about the subject property (location, size of units, amenities, fees, rental rates, and specials) is compared to the comps in the submarket.

Weekly traffic reports are prepared which itemize phone calls, traffic, applications, denials or rejections, cancellations, net leases, move ins, move outs, ending occupancy, number of renewals secured, and number of notices received. These reports also have calendar year-to-date running totals.

Financial reports provided to owners each month include Balance Sheet, Summary of Operations, Detailed Budget P&L, and General Ledger. Variance reports are also provided that explain any variance from budget that exceeds $100 or 5%.

Kenney Realty has on staff a Regional Maintenance Supervisor who works closely with the Maintenance Supervisor at each apartment community to ensure that routine maintenance is performed and that the assets are well maintained. Corporate accounts have been established which provide each community with a common source for general maintenance supplies and appliances at a discounted rate. There is also a list of approved vendors or suppliers that are used by each community for certain contract work such as roof repairs.