Commercial Property Management
For over 25 years Great North Property Management has been successfully providing property management services to owners of income producing properties (apartments and commercial office buildings) throughout New England.
As one of New England’s most trusted commercial property management firms we have built very strong working relationships with an extensive list of vendors in all fields and trades which continue benefit our clients. Many of these relationships were started 25+ years ago and remain intact today because we have been able to either meet or exceed our client’s expectations.
At Great North Property Management our Senior Management team is available at all times to meet or consult with owners of managed commercial properties to discuss current operations, plans for the future or problem situations that may arise from time to time. We are always available as is our staff of over 80 trained professionals.
Our Commercial Property Management Services Include:
Communication: We will meet or speak with the Owner(s) of the investment property on a regular basis.
Rent/Leasing: Establish rents and rental policies on an annual basis within the Owner’s guidelines. Promote and lease vacant space / unit in conjunction with area rental offices. Monitor, update and renew and/or cancel all leases. Collect rent and all sundry income, pursue delinquent accounts, and initiate legal proceedings when necessary for collections.
Capital Planning: Options and analyze the cash management requirements.
Monthly Reporting: Of the property from both a financial and management perspective.
Budget Planning: Annual operating and capital budgets for submission to and approval by the Owner(s).
Financial Reporting: Perform all routine accounting functions including accounts receivable, accounts payable, Security Deposit accounts, interest payments, etc.
The general financial package that is emailed or mailed to our clients each month includes, but is not limited to, the following reports:
- Balance Sheet
- Income Statement
- Accounts Receivable
- Payable Summaries
- Check Register
- General Ledger
Year End Reporting: Great North Property Management uses a Certified Public Accounting firm to prepare required year-end tax filings and to ensure compliance with all federal and state regulations.
Administration: Maintain complete tenant, vendor, insurance, accounting and legal records.
Maintenance: Supervise and coordinate comprehensive programs for all property maintenance, repair, and replacement operations. Supervise employees and subcontractors; set up and enforce work schedules and standards; and hire and fire employees and subcontractors as necessary. Analyze energy usage and recommend conservation methods.
24-hour Emergency Coverage: On call maintenance and management personnel available on a 24/7/365 basis.