Submitted by: Submitted by patricia2183
Views: 208
Words: 442
Pages: 2
Category: Business and Industry
Date Submitted: 06/25/2011 07:25 PM
Carla Lopez
L & T Property Management Co, LLC.
OUTLINE
MAINTENANCE MANAGEMENT
* Create a continuing building, grounds and preventive maintenance program
* Manage outside contractors
* Implement a five year capital replacement program
* Provide 24 hour emergency service as back up to site staff
* Obtain or create contracts for all necessary goods and services
* Inspect the property regularly for defects and improvements and notify the Association of recommended improvements
* Utilize bulk buying power and competitive bidding to obtain optimal pricing for supplies, equipment and services.
FINANCIAL MANAGEMENT
* Prepare an annual operating and capital budget including a five year plan
* Prepare monthly and annual financial statements. Monthly reporting includes a statement of income and expense compared to budget, accounts receivable aging, accounts payable aging and schedule of disbursements. Monthly reporting packages can be tailored to the needs of the individual Association and financial statements can be transmitted via e-mail.
* Maintain segregated bank accounts for all Association activity. No funds are co-mingled with other properties or Associations
* Coordinate preparation and filing of Federal and State tax returns for the Association
* Provide a business address for all bills and receipts
* Billing and collection of all Association fees and monitoring of delinquency
* Pay all approved bills
* L & T Property Management Co, LLC. is insured by a $1 million Fidelity Bond
* Chief Financial Officer, CPA, oversees all financial and accounting services
STAFFING AND BENEFITS
* Identification of on-site staffing needs, if any
* Hiring, training, supervision and termination of on-site staff
* Payroll service, health and dental benefits, 401(k) plan, workers' compensation, group life insurance for eligible on site staff
* Training programs for on-site Property...