Tenant request
M.A.S. Real Estate Services

4750 NORTH ORACLE ROAD
SUITE 210

TUCSON, AZ 85705
PHONE: 520-888-5127
FAX: 520-292-9383

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Properties

M.A.S. Real Estate Services, Inc. was formed in 1987 by Michael A. Stilb to provide an umbrella organization for the management of a myriad of real estate joint ventures and partnerships and to establish a vehicle for fee management, retail and office leasing, and court appointed receiverships. As President of M.A.S. Real Estate Services, Inc., Mr. Stilb brings over forty years of experience in the field of commercial real estate development and management to the company. He continues to be an ownership partner as well as the developer of various commercial properties in both Tucson and Green Valley, Arizona.

Michael Stilb, as President, oversees the day-to-day operations of all properties.

The M.A.S. Real Estate Services, Inc., staff includes one senior construction project manager, two senior property managers, two property managers, two administrative assistants, one controller, three senior accountants, one paralegal, one receptionist, one building engineer, and three on-site self-storage managers. Any other required services are contracted with outside qualified third parties.

The company has acted in the capacity of receiver, property manager, and leasing representative for various apartments, office complexes, industrial buildings, shopping centers, self-storage facilities, and sports & recreational facilities. The firm is recognized for its meticulous approach to all aspects of management and maintenance of its properties.

PROPERTY MANAGEMENT AND RECEIVERSHIP SERVICES
Our property management services are aimed at maintaining and creating value in real property consistent with the owner or lender's objectives through the efficient balance of tenant and owner or lender relations, financial budgeting and expense control, risk management and all other operational aspects of the property in compliance with the highest standard of professional ethics. Through strategic planning and investment analysis we can assist the owners or lenders in maximizing the value of a property and positioning it in the marketplace within the objectives defined by the owner.

ACCOUNTING
We provide our clients with a comprehensive range of accounting services that are structured to meet the specific needs of each client. Our accounting software is specifically designed for commercial property management and has proven sufficient for our most discerning clients.

  • Provide complete computerized accounting on the MRI Real Estate Solutions or Yardi Genesis software.
  • Maintain a trust account and pay all vendor bills.
  • Invoice tenants monthly and collect all rent, additions to rent, and fees.
  • Prepare monthly financial statements by the fifteenth of the following month.
  • Prepare and maintain a current rent roll.
  • Prepare an annual operating budget in accordance with owner guidelines.
  • We currently provide accounting services for owners who manage their own properties as well as third-party property managers in Phoenix, Nevada, Colorado, Texas, and California.

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OPERATIONS
Our objective is to maintain a property in a first class manner in order to develop a platform for full income potential that results in increased operating profits for the owner as well as comfort and stability of the tenant.

  • Review all service contracts and rebid as required.
  • Maintain the property and order repairs and replacement as necessary.
  • Evaluate the need for deferred maintenance and present a proposal for correcting deficiencies.
  • Inspect all suites, both occupied and vacant, to ascertain their physical condition and make any repairs or improvements necessary.
  • Evaluate the property for compliance with the Americans With Disabilities Act.

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RECORDS MAINTENANCE
  • Maintain all books and records relating to the leasing, operation and management of the property.
  • Provide a brief monthly status report summarizing leasing and marketing activity, delinquencies, changes in service contracts, tenant improvements, etc.
  • Audit tenant insurance certificates.

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TENANT RELATIONS
We recognize that it is more cost effective to retain existing tenants than to seek new ones. Therefore, maintaining satisfied tenants in a comfortable work place is paramount to the success of any property.

  • Complete a tenant satisfaction survey and implement suggestions for amenities and special services as approved by the owners.
  • Implement an ongoing tenant relations program to facilitate lease renewals.
  • Develop a personal relationship with the tenants through lunches, on-site activities and special promotions.

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MARKETING, RECEIVERSHIPS, AND LEASING
Our goal is to aggressively pursue a leasing program competitive with other similar projects in the area to maximize occupancy by obtaining new tenants and retaining existing ones. We have established strong relationships with the brokerage community and will utilize these to the maximum.

  • Report on the condition of the property to be prepared within the first 60 days of management.
  • Prepare a tenant analysis and marketing strategy.
  • Mail quarterly updates listing the available space to each commercial leasing agent actively involved in the leasing of that property type in the Tucson area.
  • Review prior marketing materials, advertising, and lease proposals.
  • Secure financially acceptable tenants and negotiate leases within the parameters set forth in the approved operating budget.

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SALES PACKAGE
M.A.S. Real Estate Services, Inc. recognizes the goal of an owner may be to sell of the asset in a timely manner at the highest price obtainable. If requested, we can develop a sales package to be submitted to the Owner for review and approval consisting of:

  • An Income and Expense Analysis.
  • Estimated cost analysis encompassing projected tenant improvement, leasing, marketing and deferred maintenance expenses.
  • Two year prior operating history, when available.
  • Three year cash flow projection.
  • Lease comparables and general information regarding the project and the overall commercial real estate market in Tucson.
  • Demographics specific to the property and its immediate trade area.

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