Greek Housing Management

BMOC, Inc., was founded in 1984 to serve the fraternities of the University of Wisconsin-Madison. The inability of “house” boards and their undergraduate constituents to properly manage their assets and financial obligations put several houses at risk for survival. BMOC’s founding goal was to offer business acumen and economic tutelage to this struggling sector of student housing. Most of the affected organizations survived and BMOC has received national exposure and accolades for its efforts.

In the years since 1984, BMOC has continually expanded its purview to include, in addition to fraternities; student apartments, private student housing complexes and coops. It’s success is based on the premise that in addition to the requirements of managing conventional real estate, the student housing manager must anticipate and be responsive to the unique needs of late adolescents and young adults living away from home for the first time.

Philosophically, BMOC, as the housing manager, recognizes and responds to three audiences, the student resident, their parents and the college or university. Maximizing the residential life experience of the student, being responsive to the concerns of the parent(s) and coordinating a role for the affiliated institution of higher education, turns out to be a very good formula for business success and customer satisfaction.

The key to the operational success of this philosophy is ongoing market research structured to our individual housing communities. We are constantly updating our managers and staff on enrollment trends, enrollment patterns university support resources as well as conventional issues like rental rates and collection procedures. There will always be the unexpected where student housing is concerned. BMOC by virtue of its experience and its ongoing awareness of the student culture strives to solve problems before they occur.

BMOC Property Management Services Greek Housing

a. Initial Lease-up & Marketing

i. Work with Brothers

ii. Develop any material to assist housing needs

iii. Develop Market Rate Rents

iv. Implement Lease-up

v. Pre-Opening Operations and Transition

vi. Implement Marketing Plan Calendar

b. Personnel

i. Hire and Train

ii. Management

iii. HR and Benefit Administration using a PEO

c. Accounting/Financial Reporting

i. Budgeting

ii. Accounts Payable and Receivable

iii. Monthly Financial Reports

iv. Tenant Tracking

v. Cash Management & Distributions

vi. Specialized Partnership and/or University Reporting

d. General & Administrative

i. Office Administration

ii. Leasing Administration

iii. Tenant Relations

iv. University Relations and Interface

v. Third Party Service Contract Negotiations & Administration

vi. Insurance

vii. Coordination of Move-In/Move-Out Cycles

e. Marketing & Leasing

i. Annual Lease-up Programs

ii. Direct Mailing to Parents

iii. Advertising

iv. Coordination with Financial Aid

v. Internal Promotions

vi. Summer Program Marketing

vii. University, Community and Public Relations

f. Maintenance

i. Daily Work Orders

ii. Preventive Maintenance Programs

iii. Capital Improvements

iv. Grounds and Landscaping

g. Residence Life/Student Development

i. Develop Formal Relationship with Appropriate University

   Departments and Community Resources

ii. Hire, Train and Support Para-Professional Student Staff (RA’s/CA’s)

iii. Educational, Recreational & Social Programming

iv. Customer Service Administration

v. Managing Parental Relationships

vi. Participation in National and Regional Professional Organizations

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