The following summary is designed to present an interested client with the scope and range of services available. A detailed list of applicable services is prepared for each individual property management proposal.
Residential Renting
Inspection of vacant apartments.
Co-ordination of apartment repairs/renovations.
Advertising of vacant apartments.
Prospective tenant verification (credit check, references, etc.).
Lease preparation.
Tenant move-in/move-out co-ordination.
Commercial Leasing
Lease preparation.
Lease renewal negotions.
Co-ordination of landlord work.
Revenue Control & Collections
Preparation of monthly rent roll.
Calculation and billing of utility charges/taxes/CAM charges
(commercial tenants).
Deposit of rental payments to bank.
Automatic Bank Debit/Electronic Fund Transfer services.
Ontario Rental Housing Tribunal (Residential tenants).
· Preparation and service of N1 rent increase notices.
· Preparation and service of N4 non-payment of rent notices.
· Applications for above guideline rent increases.
Co-ordination of legal action against delinquent tenants.
Repairs & Maintenance
Weekly building inspection.
Co-ordination and scheduling of repair and maintenance
requirements.
Receipt and investigation of tenant repair requests.
Maintenance of job requistion and purchase order systems.
Review and verification of supplier invoices.
Preparation of supplier cheques for owner signature.
Reporting
Maintenance of accounting records (general ledger/trial
balance/bank reconciliations).
Monthly financial statements (balance sheet/profit & loss/aged
receivables).
Co-ordination of annual operating budget.
Preparation and filing of PST and GST returns.
Administration
Short-term investment of surplus funds.
Paymaster services for employees.
Preliminary review and analysis of property tax assessments.
Preparation of insurance quotation specifications.
Owner/director communications.
Attendance at monthly owner/director meetings.
Attendance at Annual General Meetings.
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