Commercial Property Management
ROCK’s Property Management team offers a customized solution that is responsive to the inherent differences in property type, ownership structure, and ownership intent. We manage more than 3 million square feet throughout Central Pennsylvania and Northern Maryland. Our property management services are charged based on the owner’s actual needs, not merely as a percentage of owner income.
PROPERTY Services
- Enforcement of lease compliance by tenant
- Database capturing tenants, prospective tenants, vendors, and emergency contacts
- Day-to-day building management, common areas and grounds
- Coordination and oversight for vendor service repairs and maintenance
- Bid solicitation and review for repairs and maintenance (e.g., annual service contracts)
- Periodic property visits and inspections
- 24/7 call system for emergencies
- Formal building and property inspections that include a report of recommendations
- Long-term strategic management for value creation, optimal performance and sustainability
- Long-term planning for the performance and replacement of capital improvements
Accounting Services
- Establishment of bank accounts for operations, reserve funds, and/or security deposits
- Monthly bank reconciliations
- Cash management (monitor balances, forecast owner contributions and distributions)
- Invoice review, approval, allocation and payment
- Mortgage payment processing
- Estimated income tax payment processing
- Issuance of annual IRS Form 1099s to payment recipients
- Common area maintenance (CAM) calculations, reconciliations and billing
- Chargeback billing (e.g. snow removal, utilities)
- Income and expense analysis
- Development of customized financial reporting system (e.g. chart of accounts, balance sheet, income statement(s), cash flow report(s))
- Preparation and summary of monthly balance sheet, income statement, cash flow projections, general ledger, and other reports, as contracted
- Historical financial comparisons
- Preparation of annual budgets and other financial analysis, as contracted
- Budget variance analysis
- Return on Investment (ROI) analysis
- Assist third party accounting professionals with income tax return preparation
- Record adjusted accounting entries prepared by third party accounting professionals
- Development and maintenance of record-keeping system (e.g. CAM reconciliations, contracts, deposits, financial records, leases, invoices)
Property Management Assignments
ROCK’s Property Management team offers customized solutions that are responsive to the inherent differences in property type, ownership structure, and ownership intent. We manage a variety of properties throughout Central Pennsylvania and Northern Maryland.
Testimonials
