Commercial/Residential Management
|
|
|
|
Residential and Commercial Management Services OverviewAt Shawmut Property Management, we provide landlords and property owners a comprehensive management package. As a landlord your profit is important, and so is your property value. We strive to place the most well qualified tenants and ensure your bottom line is protected. The following services are included in basic management package.
Financial Management OverviewEach month you will receive detailed financial reports outlining all of the financial activity at the property. In the report are delinquency tracking and payment updates.
Monthly Financial Reports:
- Balance Sheet
- Profit and Loss with variance
- Detailed General Ledger
- Cash Flow Report
- Projected Payables
- Delinquency Report
- Check Register
- Fully Reconciled Bank Statements
Budgeting – A detailed annual budget is central to successful financial management. Shawmut will review prior year actual expense with current performance to establish a budget that is both fiscally responsible and will properly address outstanding concerns based on a needs assessment.
Operations – Shawmut uses a proprietary, state of the art accounting software system designed to give a greater level of detail into income and expenses.
Accounts Payable – Shawmut maintains a superior A/P system that ensures your vendors are paid in a timely fashion and in conjunction with any applicable contracts.
Taxes – We will assist your CPA in auditing the financial records and providing a tax return each year.
Site and Maintenance ManagementYour property value is directly tied to the appearance of the common areas. At Shawmut, we strive to implement effective maintenance programs designed to maximize appearance and minimize cost impact. Shawmut will implement controls to ensure work is completed correctly and efficiently.
- Maintenance Programs – Programs will be initiated with the current budget and needs assessment in mind. Outside vendors will be used as appropriate. The Property owner will be notified via frequent updates as to the status of on-going maintenance.
- Inspections – Each maintenance program will be implemented with industry benchmarks and will be frequently audited to ensure delivery of goods. The site manager will perform frequent site inspections to review progress
Administrative ManagementAdministrative management is central to the implementation of effective communication program, tenant and owner meetings, and rental fee billing.
- Tenant retention programs – Shawmut will recommend strategies to decrease tenant turnover and maintain per unit profitability.
- Lease management – Shawmut has a database of lease abstracts to track and identify increases, renewal periods and etc.
- Tenant conflict resolution – Shawmut has a set of escalation policies and will inform the Property owner of each compliant and a recommendation on resolution.
- Legal and collection – Shawmut will pursue outstanding receivables and assist the Property owner in any legal proceedings.
- Communications – Shawmut will handle all communication to the tenants.
|
|
