Lloyd Management, Inc. is an experienced property management company, located in Mankato, MN, specializing in the leasing and management of rental properties in Minnesota and the surrounding areas. Our many years of experience, dedication to service, high level of support, and wide range of in-house services set us apart from other property management companies. Lloyd Management understands how important it is to you, the owner, to have a trustworthy management team with a proven track record to care for your investment.
Marketing and Leasing
Our leasing agents and site personnel are experienced in, and dedicated to, retaining current residents and minimizing property vacancies. The application procedure begins with a thorough screening process, including but not limited to, previous and current landlord verifications, as well as in-depth credit and criminal background reports. Lloyd Management has team members solely dedicated to marketing your property. The marketing team knows when and where to market your property and is not afraid to think outside the box to make sure your property gets the attention it deserves. Whether our target market is 18 years old, or 88 years old, we use multiple forms of media and continuously update our website to guarantee we reach as many people as possible.
One of the greatest assets we offer at Lloyd Management is the delivery of outstanding service to our residents through a professional management team and on-site personnel. Because resident satisfaction is the most important part of property management, our goal is simple: provide quality housing for all residents living in your communities. In addition to top-notch resident service, we actively collect all rent payments and aggressively follow up on delinquent accounts through various means. When necessary, our in-house Collections Manager follows the collection process filing all the way through the court system.
Affordable Housing Compliance
Lloyd Management boasts an experienced compliance department that is dedicated to staying on top of the ever-changing state and federal regulations relating to the Department of Housing and Urban Development (Section 8 and Section 236), HOME Investment Partnerships, Section 42 Tax Credit, as well as Rural Development programs. Our staff attends numerous trainings each year and has received high accolades from various housing authorities. This is as essential to the success of your business and investors as it is to ours.
Why Compliance Matters:
- To Residents: Our diligent efforts in compliance ensure that each tenant’s rent amount has been determined properly and that all income deductions are correctly applied in addition to ensuring the program best fits their needs.
- To State and Federal Regulators: The work done in our compliance department guarantees that monthly government funds are figured and applied correctly.
- To Owners: In an ever-changing environment of rules and regulations regarding various housing programs, the compliance team ensures that your investment is managed in accordance with all applicable regulations.
Accounting and Financial Reporting
Using Yardi Voyager, a web-based software system created specifically for property management, as well as a group of top-notch accountants, Lloyd Management provides the most up to date and accurate financial reports possible. Our accountants prepare and provide monthly operating statements that give a detailed account of collections, disbursements, and day-to-day property activity.
Another benefit of Lloyd Management is our experienced maintenance staff who possess a variety of skills that include everything from changing light bulbs to installing a new furnace. When our maintenance staff encounters a project out of their reach, they are able to turn to one of our trusted vendors who we have successfully partnered with for many years. Lloyd Management is determined to maintain a smoothly operated, safe environment for our residents by immediately tending to maintenance issues, as well as assuring the property is kept neat and clean. In addition to daily grounds and building maintenance, our staff provides routine site inspections to certify the condition of the property is kept above average and that all state and federal codes are being met.
With over 40 years of providing quality services to our clients and customers, Lloyd Management promises a total package solution for all of your rental management needs.