Dimensions Management Corporation – Effective, Full Service Real Estate Management since 1986
Dimensions Management Corporation is a full service, property management, corporation, which specializes in the management and ownership of apartment and commercial buildings in the Chicago area.
Mr. Joseph V. Farago, President, has been in the real estate industry since 1965. He specializes in commercial and investment real estate and has a broad background not only in real estate management but also in ownership and brokerage. Mr. Farago´s vast experience, coupled with the industries highest accreditation as a Certified Commercial Investment Member, brings a well-rounded and complete understanding to total asset management.
Mr. Robert P. Hahn, Vice President and General Manager, has specialized in commercial and investment real estate since 1982 after graduating from Northwestern University with a Master´s Degree in Advertising. Mr. Hahn´s knowledge encompasses not only real estate management but ownership and brokerage experience too!
At present Dimensions Management Corporation is operating approximately 800 apartments and commercial spaces that represent total assets in excess of $100 million. The unique structure and organization of the business provides for personal “hands on” attention to each property and gives Dimensions Management the ability to handle problems immediately. In addition, Dimensions Management keeps full time rental agents on staff whose first priority is to keep Dimensions Management´s portfolio fully rented! This “hands-on” business philosophy, an experience maintenance staff, full time rental agents and a seven-day a week operation has allowed us to keep operating costs down, and occupancy up. Our long-term portfolio having a total vacancy factor of less that 1% per year over the last five years has demonstrated the success of this philosophy!
To remain competitive and effective Dimensions Management Corporation has recently upgraded its computer and accounting systems to handle the day-to-day management and accounting functions. With state of the art web based accounting software our monthly reports are timely, accurate and include operating statements, rent rolls, delinquency lists, general ledgers and various other reports with the ability to track projections and budgets. Owners are able to track all there properties in real time, 24 hours a day.
In addition to the upgrading of the computer and accounting system, Dimensions Management has an integrated web site to further enhance our ability to rent apartments and service our tenants. Our web address is www.dimensions-apts.com and is able to search available apartments with many different parameters. It is monitored and updated at our office and includes full color pictures of the buildings and apartments! This marketing tool has kept Dimensions Management on the cutting edge of new technologies and enables us to continue to keep our portfolio of buildings fully rented! Our web site also allows tenants to make maintenance requests on line that allows for the request to immediately be sent to a building engineer’s smart phone for immediate attention to the problem. Paying rent on line is also simple, secure and fast allowing for not only bank transfers but also credit card payments. Our owners get rent payments timely and tenants do not have to risk putting checks in the mail.
Over the years Mr. Farago and Mr. Hahn have not only helped many individuals and partnerships but many financial institutions too. The LaSalle Banks, First Chicago, Community Investment Corporation, Parkway Bank, Privatebank Corporation and Park Federal are some examples of the financial institutions serviced by Dimensions Management. Our services included managing trusts, property management for estates as well as court appointed receivers for properties in foreclosure proceedings.
We have worked as court appointed receivers for the City of Chicago through the “Troubled Buildings Program” bringing our expertise and knowledge to operating buildings that the city has in court for building violations or other legal issues. We have helped the City as limited receivers doing specific repairs such as porch replacement or utility reinstatement to full receivership encompassing complete building management and operations.
With over 65 years of combined real estate experience, a well organized and experienced staff and our “hand on” business philosophy towards asset management and state of the art technologies we are confident in our ability to handle even the most difficult to manage properties successfully. Please contact us for a meeting to discuss management and/or the purchase of your asset. We are ready to help today!