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Preservation Housing Management, LLC (PHM) has specialized in the professional management of affordable multifamily housing for more than 25 years. Initially founded as Midland Property Management, Inc., PHM became part of the POAH family in 2001, and currently manages over 4,000 subsidized apartments in Connecticut, the District of Columbia, Illinois, Kansas, Massachusetts, Michigan, Missouri, and Rhode Island. PHM’s staff numbers more than 150. Its corporate offices are located in Kansas City, Missouri.
The apartment communities managed by PHM range vary in age, size, geography and style, including single family units, townhouses, garden-style and high rise apartment buildings. PHM’s broad experience and knowledge provide both POAH and its financing partners with confidence that their properties are performing at their maximum potential. |
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Guiding Principles
The dual objectives in property management are to ensure resident health, safety and comfort while maintaining the value of the real estate asset. In servicing the POAH portfolio, PHM’s focus is on preserving the long-term benefit for low-income families and elderly residents while ensuring the health of the property on behalf of POAH, its financiers and its government partners. PHM is committed to creating solid communities for its residents, maintaining the physical condition of all properties, maximizing occupancy and resident retention, and working to be a good corporate citizen in the communities where it manages. |
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Providing Sound Financial Management PHM’s comprehensive accounting systems provide the basis for expert budget analysis and fiscal control across the portfolio, while facilitating customized reporting for every property, The PHM team prepares annual budgets, monthly statements of financial operations to compare both month-to-month and year-to-date results as well as detailed variance analysis, repair and replacement schedules, multi-year capital needs planning, account analysis and preliminary trial balances for annual audits and payroll tax accounting. |
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Ensuring Optimum Property Performance PHM is committed to a straightforward, solution-oriented approach to management. It provides the highest quality real estate services specially designed to fit the needs of the property and the objective of the owner. From staff training and supervision to resident selection and retention, contractor and vendor management and the specialized areas of real estate tax adjustments, architectural and engineering analysis, and market surveys and analysis, PHM expertise and experience adds value to each property. |
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