Regional Economic Research Headquarters
11236 El Camino Real, San Diego, CA

Former Tenant Hires Janez To Manage New Property

In the fall of 1998, tenants in the Janez-managed Plaza Del Mar I office building decided to build their own offices to accommodate their growing staff. The tenant, Regional Economic Research (RER), was pleased with Janez property management services – so they retained Janez to manage their new headquarters. RER principals understood the challenges of maintaining a building and preferred to let Janez handle the daily job of changing light bulbs and solving air conditioning problems. What they didn’t realize was that Janez could also help them structure the complete accounting system for their building ownership. Under Janez’s recommendation, RER –the principal owner and sole tenant -- adopted a traditional landlord-tenant accounting relationship. In this way, RER principals could take advantage of tax-related benefits from business ownership of real estate and better account for likely capital appreciation of the asset. In addition, RER principals could personally realize the tax benefits from owning an income-producing commercial real estate asset.

Today, Janez provides complete maintenance program for RER, plus they manage all of the contracts, from janitorial to elevator maintenance. In addition, RER benefits from Janez’s proactive approach to property maintenance. For example, Janez managers conduct property inspections every six months. At Janez, property managers strive to meet the needs of tenants and building owners, by protecting the property investment and maintaining the property in top condition.