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Commercial & Industrial

 Management of ongoing operations : (top)

Tenants :
 
  • Rental plans.
     
  • Presentation to brokers.
     
  • Screening of tenants.
     
  • Credit checks.
     
  • Negotiation of leases and renewals.
     
  • Collection of rents.
     
  • Rental follow-up.
     
  • Advertising : preparation, booking, follow-up.
     
Taxes and property expenses :
 
  • Management of taxes and operating costs.
     
  • Development of preventive maintenance programs.
     
  • Planning and monitoring of fit-ups, maintenance and renovation projects.
     
  • Supervision of daily maintenance.
     
  • Property inspections.
     
  • Inspection of each apartment before rental.
  • Solicitation of bids and negotiation of contracts for fit-ups, maintenance and/or renovation projects.
     
  • Analysis of bids for fit-ups, maintenance and/or renovation projects with outside consultants if necessary.
     
  • 24-hour availability for emergencies.
     
Personnel :
 
  • Hiring.
     
  • Training (rental-maintenance-administration)
     
  • Daily follow-up.
     
  • Salary negotiation.
     
  • Weekly evaluation.
     
  • Dismissal and replacement of personnel.
     

Profitability : (top)

Project revenues :
 
  • Establishment of revenue objectives.
     
  • Preparation of strategy to attain objectives.
     
  • Analysis of surrounding area rental market.
     
  • Development of rental strategy.
     
  • Maximization of tenant retention rate.
     
  • Follow-up on lease renewals.
     
  • Property appraisal vs rental value.
     
  • Rationalization of expenses.
     
  • Development of additional services to maximize revenues.
     
General administration :
 
  • Relationship with owner.
     
  • Preparation of material and documentation for joint meetings.
     
  • Follow-up on the execution of the owner's instructions and/or policies.
     
Computerized services :
 
  • Lease management.
     
  • Bookkeeping.
     
  • Accounts receivable and payroll.
     
  • Budget preparation.
     
  • Interim financial statements.
     
Legal :
 
  • Drafting of special rules and regulations for tenants.
     
  • Review of municipal tax assessments and filing of opposition to these of necessary.
     
Turnaround of buildings difficult financial situations.

Others services :
 
  • Consultation on the acquisition and sale of income-producing properties.
     
  • Mortgage negotiations for renewals.
     
  • Search for new mortgage financing.
     

Bookkeeping : (top)

Operating Budget :
 
  • Forecasting of revenues and expenditures.
     
  • Discussions with owner.
     
  • Monthly statement.
     
Capital budget :
 
  • Analysis of major expenses for the upgrading of the property.
     
  • Negotiations with creditors if additional financing is required.
     
Monthly Stewardship Report :
 
  • Balance sheet.
     
  • Operating statement.
     
  • List of accounts payable.
     
  • List of rents receivable.
     
  • Completion of interim reports on rentals, assets and operations.
     
Cash Management :
 
  • Bank reconciliation.
     
  • Authorization and signature of cheques.
     
  • Payment of invoices.
     
  • Payroll.
     
  • Collection of rents.
     
  • Dealing with creditors.
     
  • Monitoring of expenses.