The functions involved in the building management services would, inter alia, include;
- Regular inspection of buildings;
- The employment and supervision of staff;
- The employment of sub-contractors (in conjunction
with the owners);
- The inspection of all work performed;
- The regular repair and maintenance of the building;
- The control of tenants and tenant Associations;
- The control of tenant installations.
These are established by
- a regular report back system on the various aspects
as mentioned above;
- recommending the most effective methods to ensure
the efficient functioning of the building;
- employing and controlling suitably qualified cleaning,
security and maintenance staff and/or sub-contractors;
- The control and administration of security on the
premises.
- The control and administration of cleaning of the
premises.
- Establishing budgets for monthly expenditures, tenant
installations and refurbishment and undertaking the
efficient execution thereof.
- The execution and control of all normal and preventative
maintenance required on the premises.
- Liasing regularly with tenants to ensure a balanced
relationship between tenant and landlord.
- Negotiating on rentals and renewals in close liaison
with the owners.
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This service covers, inter alia, the
- arranging for the reading of electricity and water
meters and calculation of tenants apportionment of costs;
- calculation and apportionment off all operating
costs;
- reconciliation and payment of all accounts for building
expenses;
- preparation and despatch to tenants of monthly statements;
- collection of rentals and ancillary amounts from
tenants and the banking of such monies directly into
a Trust Account which is operated and controlled in
terms of the Estate Agents Act and is subject to the
Estate Agents Board Fidelity Fund requirements and independent
audit;
- preparation and submission of monthly income and
expenditure reports, rent rolls, disbursement statements,
SDL and VAT returns;
- transfer of surplus funds to the account of the
owner directly from our Trust Account after closing
off each month, either by E F T or cheque. Should the
owner so desire arrangements can be made for an earlier
monthly advance payment of monies due.
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This company will ensure that the property is optimally
let, marketed and promoted and will be responsible for
all aspects of tenant’s negotiations. We have a team
of in-house Brokers who are actively and permanently
in touch with the market place and are thus able to
ensure the above.
We also specialise in the valuation
of properties and evaluation of rentals. We believe
that, particularly in the latter category we can be
of great help in the establishment of market related
rentals for all premises.
To ensure this, it
is important that the buildings present a favourable
appearance. This is obtained by ensuring that vacated
premises are properly cleaned out immediately so that
any prospective tenants receive a good impression on
viewing available space and also by maintaining the
property in a clean and tidy manner. It is also important
that a quick response time to all tenants complaints
is achieved so that a good relationship with all tenants
can be maintained.
Ensuring that the property
is optimally let will be achieved by;
- marketing of vacant space through in house and outside
brokers in addition to advertising in the normal manner;
- undertaking a special marketing program in conjunction
with the landlord should it become necessary. An example
of such a special marketing program is the appointment
of a dedicated Broker to your Building/Portfolio. This
Broker will only be involved in the marketing of the
vacant space and procuring tenants specifically for
your Building/Portfolio. The basis on which such a Broker
would be appointed will be discussed with you in detail
at a formal meeting between ourselves;
- being responsible for all aspects of tenant negotiations
and liaison.
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The company has the ability to maintain efficient and
updated control of all aspects of a building at all
times.
An item of vital importance to all owners
is the feedback received from the Managing Agents on
its buildings. We are able to produce management reports
on, even a daily basis, if so required, of income and
expenditure disbursements, rent collections, arrears
reports, vacancy reports, lease expiry reports and many
others which can be tailored to suit the owners requirements.
These reports would, in the normal course of business,
be produced on a monthly basis.
We have the ability
to provide many and varied management reports some of
which are as follows;
- A full set of financial accounts pertaining to the
building at any frequency required by the owner;
- Monthly income and expenditure reports;
- Monthly budgets and budget comparison reports;
- Projections of income and expenditure for future
periods.
It may be of interest to know that
a feature of our computer program, that would be of
benefit, is that at the cost of installation of a modem
and telephone line, you could be given 24 hour access
to your portfolio. This would ensure that you would
at all times be fully informed of all financial aspects
relating to your buildings.
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