Sunday, May 15, 2011

Blue Asset Management LLC Adds Online Rent Payment to Platform

Charles Blumenkehl, managing partner for Blue Asset Management LLC, announced his company has made online rent payments available to its tenants via its property management online platform.

According to Charles Blumenkehl , “As more households make more of their monthly payments online, we see a more pronounced need as property managers to offer this service to our tenants, thereby allowing them the option to quickly, conveniently and safely manage their rental payments online while enabling us to make our rent collection process easier and more efficient.”

Blumenkehl added that in addition to tenants being able to make their rent payments online, they can now also submit maintenance requests online, and prospective tenants can submit their rental applications online as well. Said Blumenkehl, “By adding this feature to our property management systems, we hope to better serve our tenants and streamline the rent payment and collection process while lowering our vacancy rate and attracting tenants to our properties by employing our cutting edge technology.”

Charles Blumenkehl has owned and operated real estate in New Jersey since the late 1970’s. Blumenkehl founded Blue Asset Management LLC to leverage the opportunities resultant from the mortgage meltdown. For more information about Charles Blumenkehl or Blue Asset Management LLC log onto the company website at or call the company directly at 973 835-1400.

Saturday, May 14, 2011

Blue Asset Management LLC Weathers Floods in Northern New Jersey

Blue Weathers Floods

WAYNE, NJ, May 04, 2011 /New Jersey PR News/ -- According to Charles Blumenkehl, managing partner of Blue Asset Management, "This has been a most unusual winter, bringing a dozen snowfalls and seemingly monsoonlike rain to the area. The result was that, for the first time since we owned the property, we experienced flooding in our Little Falls rental property twice in one 12 month period, causing evacuation of the property. In addition, several of our properties in close proximity to the river experienced minor flooding and damage from the abundance of water." According to Blumenkehl, the floods which took place in 2010 were worse than the recent flooding, and resulted in the installation of new walls, flooring, kitchen and bathroom cabinets and vanities, and a myriad of other repairs and remedial activity to mitigate the damage caused by the flooding. The 2011 flooding, while not as high or as prolonged as the floods last year, will result in the replacement of much of the new materials installed in 2010.

Blumenkehl continued, "It is such a shame to see the investment we made in our property needing replacement so quickly. We have owned real estate in the area for more than twenty years, and I have never seen flooding come so close to each other in such a short period of time. Hopefully," said Blumenkehl, "we won't have to experience anything like this for a long time, if ever again."

Blumenkehl added that while flood insurance will help to offset much of the damages incurred, it still adds to the companies already robust work list resultant from the many acquisitions his fund has made in the past months. Blumenkehl continued "Our crews and contractors are working six and seven days a week to catch up to the workload on our new acquisitions and complete the work we were unable to do because of the tough winter we experienced. This will add to the burden, and since it is a priority to repair the flood-damaged properties so our tenants can move back in quickly, we will see some of our other projects further delayed."

Blumenkehl was pleased that none of his tenants in the area suffered damages to their property since there was sufficient notice before the flooding took place. He has only received notice from one tenant that they do not intend to re-occupy their premises even if it is restored within the period provided for in the lease agreement.

Located in Wayne, New Jersey, Blue Asset Management LLC owns, manages and operates numerous rental properties throughout northern New Jersey. For more information about Blue Asset Management LLC, call the company directly at 973-835-1400 or log onto the company website at