Lenox Property Management Condo and commercial
A Providence team with more than 25 years in Rhode Island real estate. We keep the books straight, the building in shape, and owners and tenants in the loop, for condo associations, office and retail buildings, and mixed-use property.
Tell us about the property. We'll look it over and send you a proposal with the scope and fee.
Board members are volunteers with day jobs. We take on the routine work and bring the board what needs a decision, with the numbers and the options in hand.
An example association is filled in. Replace it with yours to see what each owner should pay and how ready the reserves are.
The big items the reserves pay for
Condo fee per unit, each month
$0
Funded today
Assumes equal shares; many declarations split fees by each unit's percentage interest. Today's dollars, no inflation or interest. Today's balance goes to the soonest items first. A reserve study sets the real figures.
Self-managed and stretched thin? Plenty of associations start that way. We can take the whole job or just the parts the board is tired of carrying.
Commercial leases put more on the landlord's desk: shared costs to pass through, insurance to track, and tenants who expect fast answers. We handle it and report it every month.
An example tenant is filled in. Enter one tenant's numbers to see the year-end true-up and next year's monthly estimate.
Year-end true-up
$0
Leases differ. Base years, caps on controllable costs, gross-ups and excluded costs all change the math, and some leases allow no admin fee. We work from the lease itself.
Buying a commercial building? We underwrite and finance deals too. Have us look before you buy it.
Whether you're leaving another manager or managing it yourself today, the handoff is our job, not yours.
With the board or the owner, so we see what you see.
Declaration and bylaws, or leases, plus budgets, contracts and insurance.
Scope and fee in writing, before anything is signed.
Records, funds, keys and vendor contacts from the previous manager.
To unit owners or tenants, with how to pay and how to reach us.
At the end of the first full month, and every month after.
For anything about your own property, call 401-572-3322.
Yes. We collect the records, funds, keys and vendor contacts from the outgoing manager, set up the accounts, and introduce ourselves to owners or tenants, so the board or owner does not have to run the handoff.
We quote each property on its own after we walk it and read the documents. Size, age, the amenities, and how much of the work you want us to take on all count. You get the scope and fee in writing before anything is signed.
Yes. We assemble the resale certificate the Rhode Island Condominium Act requires and get it out within the 10 days the Act allows.
Yes. We bill estimated common-area, tax and insurance charges through the year, then reconcile them against actual costs with each tenant at year end, with the invoices to back it up.
Yes. Some boards keep their own books and want help with the building, and some owners only need the leasing or the accounting. We quote the parts you need.
From small condo associations of a few units to multi-tenant commercial and mixed-use buildings across Rhode Island and Southeastern Massachusetts.
Own rental homes or apartments?See how we manage residential rentals.
Rental property managementWe're in the office on weekdays. The form at the top of this page reaches us any time.
