Property Management
Financial Services
Fiscal management of your commercial property is one of the most important elements of property management. Cushman & Wakefield | Commercial Property Southwest Florida manages budgeting, banking, payables, receivables, CAM reconciliation and more to ensure that your investment is financially well managed. Additionally, we apply our wealth of knowledge about the current commercial leasing market to your property, conducting an ongoing evaluation of your fiscal performance.
Financial Services
Annual Budgeting
- Operating – Assess expenses and needs, competitive bids and monitoring
- Capital – Project planning, budgeting and financial oversight
- Reserves – Assess and monitor
- Provide year end annual reports
Accounts Receivable
- Electronic tenant e-billing
- Collections of all rents, fees and receipts due from tenants and concessionaires
- Monitoring of collections and delinquencies
- Escalation process and initiation of action plan to collect rent or recommend legal counsel
- Late notice and fee administration
- Default and legal action as agreed with landlord
- Communicate problems as soon as identified
Accounts Payable
- Manage invoice receipt, processing and payment
- Electronic invoice image storage
- Mortgage, tax and insurance payments
- Owner distributions
- 1099’s
Banking
- Deposit checks received to bank and post to general ledger
- Generate checks for approved operating expenses and projects
- Reconcile bank account(s)
Financial Statements & Monthly Reporting
- Income Statement of Operations – Profit & Loss (Current Month and Year to Date)
- Rent Roll
- Property Inspection Report
- Accounts Receivable Aging & Delinquencies
- Accounts Payable Expense Detail and Check Register
- Bank Statements and Reconciliation
- Detailed General Ledger
- Provided monthly reports
Sales Tax
- Sales tax collection and remittance (Commercial only)
Cam Recoveries
- Annual reconciliation and true up (Commercial only)
Compliance & Document Retention
- Transactional documents – A/R, A/P and Banking
- Contracts, notices and reports on behalf of the client
- Vendor and Tenant (Commercial) proof of insurance
Economic And Financial Analysis
- Ongoing analysis and evaluation of property operations
- Recommendations to enhance value – including but not limited to:
- Property improvements
- Low cost effective curb appeal enhancements
- Implementation of a long-range plan consistent with owner objectives and direction
- Ongoing review of critical areas of the property such as utility usage, energy management, and vendor performance provided to you