Introduction to private residential real estate investors in the Netherlands, March 2017. Real estate management services, commercial, administrative and technical management services
4. PROPERTY MANAGEMENT
Professional property management is the
administrative operation, maintenance, control
and oversight of properties to meet the
objectives of the owner (landlord).
It’s a business…
17. LEASE ADMINISTRATION
• Rent income, vacancies and collection losses
• Rent categories
• Processing rent increases and amendments
• Rent collection policy, arrears, eviction
• Escrow accounts rent collection and deposits
• Service charges' settlements
• Cost allocations HOA / landlord / tenants
18. FINANCIAL ACCOUNTING
• Charts of accounts
• Income categories
• Accounts payable
• Operating budgets
• Capital budget (CAPEX)
• Cash flow planning and control
• Financial control
• Financial reporting and operating statements