Overview of MBS:
Under the successful leadership of Lisa Richards, President and Owner of MBS Property Management, Inc., the mission of MBS is to provide quality management of all phases of rental housing. MBS maintains high standards for residents, on-site management staff, and all areas of maintenance. MBS possesses the skill and experience to protect and enhance the owner’s investment, along with providing quality housing for residents. We do this by maintaining high occupancy, controlling operating costs, and providing the highest quality in maintenance.
We maintain equal excellence in overseeing the financial asset of the owner, maintaining the physical integrity of the property, ensuring the safety of all tenants and establishing employee well-being. Holding each of these four areas with equal importance is the key to the success of MBS Property Management, Inc.
MBS has a team of experts whose skills can benefit your properties. Areas of expertise include; Program Compliance, Marketing, Accounting, Maintenance, Construction, Legal and Human Resources.
Length of time managing affordable housing – since 1977
Number of units currently managed –2,957
Number of properties currently managed – 59
Compliance programs managed –
USDA-Rural Development – 515 (USDA-RD)
USDA Rural Development – 538 (USDA-RD)
HUD-Section 8 project based (HUD)
HUD-Low Rent Conventional Housing (HUD)
Housing and Community Development – RHCP (HCD-RHCP)
Housing and Community Development , MHP Bond (HCD-MHP)
Housing and Community Development – CHRP (HCD-CHRP)
Low Income Housing Tax Credit – Tax Credit (LIHTC)
MBS OPERATING INFORMATION
MBS currently uses General Ledger, Accounts Payable, Tenant Certification state of the art property management software provided by Realpage, Inc. and Sage Timberline. Our software provides accurate Financial Statements, Tenant Accounting, Accounts Payables, Resident and Unit Reports, etc. on a timely basis to make critical decisions affecting the prudent operation of its management portfolio.
History of MBS / Background of Officers and Key Employees:
MBS Property Management, Inc. was formed in 1977 in Davis, CA as a sole proprietorship. In 1995, MBS moved its main office to West Sacramento, CA, where it remains to this day. In 2000 MBS was incorporated with Lisa Richards as Owner and acting President. Since 1977, MBS has specialized in multi-family affordable housing.
Lisa C. Richards, President. MBS has operated under the direct management of Lisa Richards since 1988. Lisa is a licensed Real Estate Broker in the State of California, and is certified in subsidized housing requirements in USDA-RD, HUD and LIHTC Properties. She oversees the main office staff, property supervisors, and on-site staff. She excels in her management experience, financial management and human resource skills, and as president, Lisa Richards is responsible for ensuring the ongoing success of the company, property owners, and its employees.
Kelly Laws, Accounting Manager. Kelly obtained a BS in Accounting from University of Phoenix and has over fifteen years of accounting and real estate experience.
Carol Kuwata, Human Resources Manager. Carol has been an HR Manager with over twelve years of Human Resources experience.
Licenses and Memberships Held:
State of California Real Estate Broker License
California Council for Affordable Housing, Sacramento, CA
Rental Housing Association, Sacramento, CA
California Chamber of Commerce and other various communities where properties are located.
Full Accounting Services
Process Accounts Payable
Process Accounts Receivable
Maintaining Monthly Financials Records
Reconcile Monthly Bank Statements
Generate Annual Budgets
Monthly Review of Financial Records
Monthly Review of Budget
Prepare and Distribute 1099 Forms
Preparation of 1096 Form
Assist Accountants on Annual Audits
Maintain all Accounting Records
Full Payroll Services
Process and Maintain all Payroll Records and Taxes
Prepare Quarterly Payroll Taxes
Process W-2’s and Prepare Annual Payroll Taxes Forms, i.e. W-3, DE 7, 940-EZ
Complete Maintenance Services
Oversee Daily Routine Maintenance Performed by Site Personnel
Maintain/Update Preventive Maintenance Schedules
Annual Inspection of Units
Maintain a Permanent Maintenance Record of Each Unit
Long Term Capital Needs Schedule
Oversee Capital Repairs / Improvements
Obtain Proposals and Contracts for Property
Oversee Move-In and Move-Out Unit Preparation Performed by Site Personnel
Obtain Credit Reports / Criminal History
Income and Assets Verifications
Marketing and Advertising
Create and Place Advertisements
Affirmative Fair Housing Marketing Plan
Enforcement of Lease Agreement and Addendums
Preparation and Service of Notices
Appearances in Court
Oversee Program Compliance
Tenant Certification Process
LIHTC and HUD programs – To ensure program compliance in regards to tenant files, MBS contracts with a third party vendor to perform file audits on all new move-in’s.
Submit and/or respond to all Governmental or State Reports, Inspections, Budgets, Audits, etc.
Hire, Supervise and Discharge all Site Employees
Written Correspondence on Behalf of the Property
Maintain Necessary Insurance Policies
Management Agreement / Management Plan
Comply with all Governmental Non-Discrimination and Equal Opportunity Requirements