Commercial Property Management Overview
Property Management entails full accounting reporting and property/facilities oversight. Citadel Management Company provides a wide range of management services with the goal of maximizing value. In conjunction with the ownership group and tenants we will work to ensure efficient operating costs without sacrificing service and provide accurate and timely reporting and accounting.
Citadel Management Company offers the oversight of tenant relations and retention, lease administration, monitoring of vendors, providing key services to the property, assisting the ownership group in monitoring budgets and capital expenditures, developing and obtaining bids for services, trouble shooting unforeseen escalations in expenses, and assisting with construction and facility repair supervision. We will proactively manage building maintenance requirements, 24/7 response to emergencies, and vendor relations.
- Preparation of monthly financial reports
- Creation of annual operating budgets
- Monitoring cash management activity
- Distributing funds
- Rent and Triple Net collections
- Lease supervision and administration
- Support in refinancing
- Lease management
- Preparation of annual Triple Net Reconciliations
- Preparation of year-end figures for clients’ tax accountants
- 1099 record keeping and reporting
- Property tax appeals if applicable