PROPERTY MANAGEMENT SERVICES

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Property Management Services

– Delinquency Actions: late fees, past due statements default notices

– Accounting and Financial Reporting: debt service tracking and payment, accounts payable and accounts receivable, monthly preparation and delivery of financial reports, annual budgets, periodic review of budget versus actual income and expenses, annual operating expense reconciliation

– Lease Administration: abstract all leases to ensure all terms are met, review and process tenant assignment packages, tenant set-up in accounting system, commencement and renewal letters

– Legal Actions: lock out and evictions as approved by property owner

– Owner Distributions: assess operating bank funds versus income and expenses to determine cash position, process excess funds for distribution

– Rent Collection: record and deposit rent checks, timely review of accounts receivables

– Repairs and Maintenance: prompt attention to tenant issues and maintenance requests, dispatching vendors, periodic tenant visits and inspection of physical property

– Vendor Contract Management: timely and accurate review of invoices and payment processing and tracking.