I. Owner Interaction

• Interface with asset manager or appropriate owner's representative on a regular basis
• Assignment of sufficient number of employees to properly, safely and adequately manage property
• Approval from owner or asset manager for major capital improvements and/or non-budgeted items

II. Initial Property Management Functions

• Detailed inspection of property
• Development of preventative maintenance programs
• Detailed security evaluation and recommendations
• Preparation and documentation of equipment inventory and supplies
• Detailed review of exisiting leases and preparation of lease summaries

III. Property/Market Responsibilities

• Regular property inspections and daily maintenance
• Property damage/incident reporting
• Local/regulatory assessment
• Inspection and assessment of marke
• Environmental incident reporting
• Monitoring and resolving of tenant issues
• Execution of vendor service/construction contracts
• Maintaining overall cleanliness and upkeep of property
• Solicitation of bids and preparation of bid packages for planned capital expenditures
• Aggressive monitoring of delinquent rents and other income
• Competing properties identification and survey

IV. Accounting/Financial Functions

• Collection and deposit of all rental and other income
• Maintaining of bank account(s)
• Supervision over and payment of all budgeted operating expenses
• Utilization of standard chart of accounts
• Obtaining of proper insurance certification from outside contractors
• Development and documentation of annual operating and capital budgets
• Preparation and submission of Real Estate tax billings
• Placement of insurance coverage as requested
• Determination and documentation of security deposits on hand