Property Solutions & Services, Inc., (PSS) provides property management and real estate consulting services to owners and non profit organizations within the Twin Cities. PSS was founded in January 1988, and was known for many years as Gavzy and Gavzy, and the Gavzy Group.
During its first decade of business, the firm experienced steady growth and became known for its specialization in managing some of the more challenging properties in the Twin Cities. Many of the properties in our portfolio were undergoing extensive physical rehab or experiencing social or financial difficulties at the time the company began managing them. We worked with owners and government agencies to secure funding for major rehab projects. In partnership with local law enforcement agencies, we eliminated criminal activities on the property. Through intense site management and solid screening techniques, we replaced delinquent and destructive residents with those who were an asset to the community.
At PSS, our focus is on center-city affordable housing communities. Many of these properties typically have a combination of financial, physical, or marketing problems or have unique or special ownership goals. Our philosophy is to act in the best interests of our property owners while providing the best possible housing for our residents. We do this by developing solid marketing plans, formulating and enforcing policies, developing realistic budgets, maintaining compliance with funding requirements, providing creative solutions to everyday management issues, and working with our clients to develop strategies to meet their goals. PSS does not own property and is able to focus exclusively on the needs of our clients and residents.
(PSS) provides the following kinds of services:
- Property management services
- Accounting services
- Development and tax credit consulting services
PSS works with many types of housing communities:
- Supportive housing
- Section 8 and Section 42 housing
- Market rate developments
- Leasehold and limited equity co-ops
Our relationship with our clients often begins when a development or major rehab is still in the conceptual stage. We have worked with owners and funders to provide responses to funding requests, assist owners in understanding the requirements and long term implications of various funding programs, and help owners with the selection of development team members. We participate in the review of architectural plans, providing suggestions to reduce operating costs, to provide defensible spaces and to respond to the housing needs of a particular population. During the construction process we assist the owner representative in seeking compliance with construction documents and provide advice regarding change orders. Post-construction, we see that punch list items are completed and any necessary warranty work is done.
We work with non profit housing developers to evaluate their current property management operations, and provide suggestions on ways to make their operations more effective. In the fall of 2007 one of our clients was so impressed with our approach to property management that they asked us to help them start their own property management business. We worked with this client to replicate our property management systems and services. We advised them in the purchase of computer software and set up their initial management office. In addition, we provided key staff to operate their new property management entity. We have also assisted non-profits in analyzing their property management capacity and provided solutions to reach their property management goals.