Commercial Property Management
* Weekly Property Inspections and Monthly Operations Report to Ownership.
* Lease Administration & Renewals.
* Weekly Visitation with Tenants.
* Vendor/ Service Contract Administration.
* Annual Fire Inspection and Elevator Inspection.
* Annual Roof Inspection
* Annual Property and Flood Insurance Renewals.
* Monthly Financial Report with Variance Analysis.
* Operating and Capital Budget Preparation and Quarterly Re-forecasting.
** 24/7 Emergency Response.
** Project Management. outside of the normal Service Contracts.
** Value Engineering, Sustainability Strategies and Implementation.
Fee Structure Options:
- I. Basic Property Management Service. (*)
$150 per week for:
- Retail Properties up to 40,000 SF
- Office Properties up to 60,000 SF
- Industrial Properties up to 120,000 SF
$300 per week for:
- Retail Properties up to 80,000 SF
- Office Properties up to 120,000 SF
- Industrial Properties up to 250,000 SF
Additional, as needed Property Management Services (**) will be invoiced at $ 45.00 per hour.
II. 3% of the Gross Rents for Full-Service Property Management.
-
In both Fee Structure Options, the Tenant Management/ Financial Management Software will be at the Owner's direction. Access to Software to be provided by Ownership.
- - In both Fee Structure Options, Ownership to be invoiced for any Print & Postage costs, without markup.
Marketing and Leasing Option:
- - Property Marketing, Property Showings and Lease Negotiations.
- No Commission Service provided, as Owner's Representative.
- Allows Ownership to offer a Full Commission to the Brokerage Community.
Fees:
- - All costs will be invoiced direct to Ownership for Advertising and Marketing expenses. (Signage, Mailings, Broker's Events, Co-star and Loopnet Listings)
- $40.00 fee for each Property Showing conducted by Property Manager. No Commission to Property Manager.
|