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Management of Commercial Income Services of Agent (Management Company): Collection of monthly rent, all charges Payment of expenses including insurance Payment of loan & property tax if requested by owner Record income & expenditures Provide owner monthly cash flow, income/expense statements Transmit monthly net proceed to owner per arrangement with owner Respond to tenants’ report of maintenance problem Respond to tenants’ emergency calls Employment of licensed, insured personnel/vendor for maintenance work on behalf of owner Set-up utility & service contracts Reconcile NNN/CAM, charge tenants, if necessary Purchase worker’s comp. insurance in the name of the owner for owners’ employees, if needed Inspect property routinely Market vacant units of property for lease (see below for leasing commission) Screen tenant (applicant) credit report & application Move-in/move-out tenant
Management of Apartment Services of Agent (Management Company): Collection of monthly rent, all charges Payment of expenses including insurance Payment of loan & property tax if requested by owner Record income & expenditures Provide owner monthly cash flow, income/expense statements Transmit monthly net proceed to owner per arrangement with owner Respond to tenants’ report of maintenance problem Respond to tenants’ emergency calls Employment of licensed, insured personnel/vendor for maintenance work on behalf of owner Set-up utility & service contracts Supervise owners’ resident manager Purchase worker’s comp. insurance in the name of the owner for owners’ employees, if needed Inspect property routinely Market vacant units of property for lease, commission equal to (1) month’s rent Screen tenant (applicant) credit report & application Move-in/move-out tenant
Management of Homeowner Association Services of Agent (Management Company): Collection of monthly association fee Collect special assessment, if any Payment of expenses Record income & expenditures Preparation of annual budget Submission of annual report Attend one annual Board meeting, if needed Maintenance of common area Respond to owners’ report of maintenance problem in common area Employment, of licensed, insured personnel/vendor for maintenance work on behalf of HOA Utility & Service contracts Maintain record of insurance Enforce CC&R, By-Laws, Rules & Regulations of HOA
Management of Single House Services of Agent (Management Company): Collection of monthly rent, all charges Payment of expenses including insurance Payment of loan & property tax if requested by owner Record income & expenditures Provide owner monthly cash flow, income/expense statements Transmit monthly net proceed to owner per arrangement with owner Respond to tenant’s report of maintenance problem Respond to tenant’s emergency calls Employment of licensed, insured personnel/vendor for maintenance work on behalf of owner Set-up utilities and service contracts Inspect property routinely Screen tenants (applicants) credit report & application Move-in/move-out tenant |
