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Chatel keeps detailed books and records of all financial transactions. These provide the basis for the preparation of tax returns and/or audits, which make your auditor’s work easier. That produces lower accountant bills and a quicker response for the client. |
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 Monthly Account Report |
Monthly Account ReportOur computerized system provides you with monthly reports of revenues and expenses. Full documentation (invoices, etc.) is included when available. Monthly statements are generally available within 15 days after the end of the monthly cycle.Annual Financial SummariesEach property is provided with annual cash flow summaries. These reports provide the Board of Directors with useful information to determine how their property is performing.Preparation of BudgetYour Property Manager – with back up by our accounting staff – will assist you in preparing an annual budget. Starting from historical projections, the manager will present a first draft to the Board. Open discussion and careful planning with the Treasurer and Board of Directors will then lead to a final budget. |
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Maintenance & Repair
Our goal is to provide a quick, professional response to maintenance requests. If a condominium has preferred workmen, we use those vendors. Otherwise, we use independent workmen with whom we have had a long and favorable relationship. Estimates and advance approval are obtained on major items. Emergency repairs are made on a rush basis and then reported to the condominium’s Board of Directors. |
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24-Hour Emergency ServiceWe know that emergencies do not always occur during normal business hours; therefore we provide 24-hour emergency service. During the evenings and on weekends, our answering service will dispatch the appropriate vendors to deal with your building’s emergency. A Property Manager from Chatel Real Estate, Inc. is also on-call on the weekends and is available to the answering service in the evenings to assist in an emergency.Preventive MaintenanceBecause a small problem can become very costly in the long run, we make every effort to prevent small problems from becoming big ones. For example, many properties have programs of regular roof and gutter cleaning, termite inspections and HVAC inspections. Vendors are asked to keep their eyes open and report items that can become big problems if neglected.Utility Cost SavingsAnnual inspections by plumbers can often save big dollars in wasted water. Wherever possible, we have the client sign up for utilities energy-saving programs in order to save dollars on the heating and lighting costs. |
Personal Servive
Our firm prides itself on being responsive to you. If you call during regular business hours you get speak to a live person, we answer email promptly and we try to make life easier for you as an owner.
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Assigned Property ManagersEach property is assigned a designated Property Manager. That person becomes the coordinator and contact for all activities. The Property Manager develops a rapport with the Association’s Board of Directors to ensure that the building’s goals and objectives are being met according to the Board’s direction.Personal RelationshipsWe encourage communication between the Board of Directors and the Property Manager. This provides for a good relationship, which makes it possible to provide sound maintenance and to prevent various situations from turning into larger problems. |
About Us
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Chatel Real Estate, Inc. was established in 1950 and has offices in Georgetown and Dupont Circle. We are very active in property management primarily at the request of many of our satisfied clientele. Our team approach, preventive maintenance and attention to detail have been the cornerstone of our success. We strive for long-term relationships with each client and not just a one-time experience.
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Alexandria/Northern Virginia307 S Washington Street |
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