Overall Property Management Services

Based on our experience in the commercial and multi-family property management industry, we have developed the following set of standard property management services.

• Routine rent collection and delinquent rent enforcement.
• Establish cost control systems.
• Solicit and negotiate annual contracts for service providers and merchandise purchasing.
• Review for approval and pay property invoices.
• Develop for approval and implement an annual property strategic and marketing plan.
• Develop for approval and implement an annual property maintenance and capital improvement  plan.
• Prepare monthly property financial statements.
• Assist in the  preparation of annual property income tax returns
• Prepare periodic competitive rental market rate analysis.
• On-going staff and management training using in-house programs and tools supplied by our local and state trade associations.

Property Management Services by Property Type

Conventional Property

(Multi-family residential)

The founders of Mirus Property Management Group have significant experience managing a vast array of multi-family residential properties. Many of these communities were conventionally financed through HUDand/or Freddie Mac. One founder also worked for publicly trade REIT.  The institutional lender and REIT guidelines require some of the most stringent management standards in the multifamily industry.   Mirus Property Management Group members also have affiliations with the Institute of Real Estate Management (IREM), The National Apartment Association (NAA) and Certified Commercial Investment Member (CCIM) which require its associates to adhere to extensive ethical and professional guidelines.  We have taken our prior management experience and formulated our own policies and procedures that adhere to and comply with the stringent industry standards set forth by the leading institutions in our industry. 

Student Property

(Multi-family residential)

Mirus Property Management Group is headquartered in the college town of Lafayette/West Lafayette, Indiana home to Purdue University.  Our student property experience and local knowledge expertise in this Big Ten market makes us a natural leader in student housing management.  

Successful student property management requires that each property creates a unique niche amongst its peers and stay at the forefront of technology.  High speed internet access on the property and the ability for residents to communicate with management on-line are key components in a student housing market.  Our experience has shown us that residents and prospects prefer the ability to pay rent and/or other fees, submit work orders and communicate with property management online or via a cell/smart phone.  The same need for technology can be seen on the marketing and advertising side of student property management.  Email, college newspaper ads and housing guides are no longer the only means of advertising and communication.  LinkedIn, Craig’s list, Facebook, text messaging, instant messaging, up-to-the-minute websites, multiple internet leads, E-leasing, virtual tours and other technologies are primary ways in which students and administrators communicate with each other and to the world around them.   Mirus Property Management Group strongly believes in and will encourage our clients to remain at the forefront of new technology trends. 

Commercial Property

(Office & Retail)

Mirus Property Management Group members have experience managing and developing a variety of commercial properties.  Their current portfolio and past experience includes Class A office space, vintage property, urban office and neighborhood retail centers.  They manage approximately 500,000 square feet of commercial space including two new properties at the innovative Purdue Research Park, Kmart Center, Tippecanoe Court and Hunters Square.

Subsidized Property

(Multi-family residential)

Mirus Property Management Group members previously managed a multi-property USDA Rural Development portfolio.  The Section 515 properties were scattered throughout the state of Indiana and consisted of approximately 275 units.  Ownership has many industry relationships with the USDA state office, has contacts in multiple communities throughout the state and has gained a sound understanding of subsidized property regulations.