PROPERTY MANAGEMENT

"A Full Service Management & Development Company"

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At Rocky Mountain Management & Development, our main goal is to manage real estate with a hands-on approach, as if we were the Owner. In addition to providing Property Management Services, we perform an asset management role. This attitude will ensure the maximum possible return on investment from the property. Our management efforts reduce the involvement of the Owner's time, as we handle all aspects of the management.Our management responsibilities include handling all project operations. These responsibilities fall into three basic areas:

Administrative Services ----- Physical Services ---- Fiscal Services

ADMINISTRATIVE SERVICES:

  • Collect rents or other monies due from invoices.
  • Administer and enforce lease provisions.
  • Maintain full operating cost records for escalations.
  • Evaluate purchases as to need, cost, budget allowance, etc.
  • Review all bills for payment and authorize payment of the same.
  • Review and evaluate yearly property tax statements and property insurance policies.
  • Administer all service contracts (to include negotiation of the same, review and cancellation, if required).
  • Administer all construction contracts (to include negotiation of the same, review of documentation, acquisition of lien releases, etc.).
  • Handle correspondence between parties.
  • Process tenant complaints and initiate corrective action.
  • Prepare monthly reports and annual budgets.
  • Maintain all management records, files and accounts.
 


PHYSICAL SERVICES:

  • Conduct routine weekly service stop, with spot inspections of the property and all systems.
  • Coordinate maintenance of mechanical, electrical and all operational systems.
  • Manage the utilities including implementation of energy conservation techniques.
  • Schedule and supervise all service contracts and service personnel.
  • Establish and supervise fire protection and security systems.
  • Coordinate removal of snow, when necessary.
  • Respond to emergencies.
  • Coordinate and administer all additional or corrective construction and tenant construction (to include determination of need, development of plans and specifications, bidding, award of contract, supervision of project start to finish.)

    Periodically, we inspect the property from the roof to the asphalt and continue your preventive maintenance program or establish one for your project. We will ensure the following components and systems are reviewed regularly:

 
  • Janitorial
  • HVAC
  • Roofing
  • Plumbing
  • Glass Cleaning
  • Garbage
  • Security
  • Landscaping -Interior/Exterior
  • Carpet Cleaning & Replacement
  • Pest Control
  • Parking Lot
  • Cleaning
  • Lighting
  • Tenant Improvements
  • Snow Removal
  • ADA Compliance
 
 

FISCAL SERVICES:

Rocky Mountain Management & Development’s fiscal services are designed to provide both the owner and management with information necessary to properly assess the status of the investment by utilizing standard Rocky Mountain Management reports or special reports required by the ownership.

1. Operating Budget:

A calendar year budget will be prepared at the beginning of each year. Income and expense items are detailed by individual chart of account categories for each month. The budget becomes an integral part of the management plan and also acts as a guide toward its execution.

2. Reporting:

Our computerized accounting system provides the following accurate reports in a format that can be rapidly analyzed.

Income and Expense Statement: A compilation of each income and expense account total with normal statement subtotals showing gross and net income.

Income Detail: Suite number, tenant name, charge classification and amount, beginning and ending balances, amount collected and date paid through.

Expense Detail: Vendor name, invoice number and description of payment, chart of account classification and code, check number and amount.

Budget Comparison: Actual, budget and variance amounts for the month and year-to-date.

3. Calculation of Charges:

Rental, operating expenses and tax adjustment, CPI adjustment and percentage rents are calculated and invoiced as due.

4. Banking:

All funds are processed through a trust bank account in accordance with Idaho laws.

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