About Coronet Property Management

Coronet Property Management Limited is a Queenstown based, locally owned company specialising in commercial property management. What we do

For businesses and investors, well-managed real estate can generate income and profits and protect and increase resale values.

We aim to preserve and enhance the worth of real estate investments by ensuring that each property realises its expected revenues and potential through professional management.

1. Property/Asset Management

We:

• Take care of the financial operations of the property;
• Are responsible for paying mortgages, taxes, insurance premiums, payroll, and maintenance bills on time.
• Negotiate contracts for various services, including janitorial, security, grounds keeping, and waste removal.
• Solicit bids from several contractors and then advise owners about which bid to choose
• Once contracts are established, we monitor contractor performance, investigating and resolving any complaints from tenants when services are improperly provided.
• Buy supplies and equipment for the property and contract specialists when repairs exceed the capabilities of regular property maintenance staff.
• Know and obey applicable legislative provisions and are responsible for guaranteeing that none of their renting and advertising practices is discriminatory.
• Ensure that the property itself is in accordance with all regulations and building codes.
• Regularly inspect the grounds, facilities, and equipment of the property to make sure that it is safe and well maintained.

2. Client Liaison

• Function as the property owners’ agent on routine property operations.
• Prepare financial statements for property owner
• Periodically update owners on important issues, such as maintenance needs, occupancy rates, and dates of lease expirations.
• Maintain current and accurate financial records from property operations and provide the owners with regular expense reports.

3. Tenant Liaison

• Enforce provisions of rental and lease agreements; these provisions might include rent collection, parking restrictions, termination/renewal of lease procedures and rent review negotiations.
• Meet with current tenants to handle complaints, deal with requests for repairs and discuss general strategies for the success of their business within our premises.
• Make sure that tenants pay their rent
• Market vacant space to prospective tenants (by advertising, contracting with a leasing agent, etc.) and setting rental rates that are appropriate for the current local economy.
• Meet with prospective tenants who wish to see available space.
• Negotiate new leases which are in line with the property owners long term strategy

4. Development/Acquisition

• Function as the property owners’ agent on the planning and directing of purchase and development of real estate for businesses and investors.
• Consider numerous factors when making decisions about property acquisition, including property values, zoning, taxes, population projections, transportation, and traffic volume and patterns.
• After choosing a site, we negotiate contracts for the purchase or lease of the property, always looking to obtain the most beneficial conditions for our clients.
• To maximize the profitability of our clients assets, we conduct periodic reviews of their holdings, looking for properties that have stopped being financially profitable or have development potential. After identifying any such properties managers either negotiate their sale or advise on development opportunities.
• Purchase land and plan construction of developments. We work with various groups—local governments, businesses, community and public interest groups, and public utilities— to build support for future projects. In reality, it can take years before a project is approved by all involved parties and, during this time, we may need to repeatedly modify the project’s plans. After getting the green light for a project, we will participate in negotiations for short-term construction loans and, later, long-term mortgage loans.
• Help choose the architectural firms and the construction companies, assisting and advising them as necessary.