PROPERTY MANAGEMENT for Commercial Buildings

ESSTEE manages commercial properties including office and retail space.  Let our expertise be your success.

Following are typical commercial management services offered.

Operating statements are prepared on a cash basis unless accrual is requested. Monthly statements are distributed to owners, including a balance sheet, year-to-date budget comparison, general ledger, delinquency, and unpaid bills.  Bank accounts bearing the legal name of the property owner are established. Typically each property has a checking account for operating funds and a reserve or deposit account. For receivables, statements are mailed to tenants prior to due date. Delinquent accounts are handled in accordance with Owner policy, with recommendations from ESSTEE. Acceptable forms of payment are check, money order, or certified funds, made payable to the Owner. Expense reconciliations are handled in accordance with lease agreements for triple net and percentage lease charges. Payables are processed as received, with payments distributed to vendors and suppliers at least twice a month.

Lease enforcement is handled in accordance with lease agreements. Construction/alteration requests will be reviewed and presented to the Owner. Requests and violations are addressed directly by ESSTEE or summarized for Owner review. Owner decisions are communicated through ESSTEE. For construction/occupancy coordination, ESSTEE is involved in pre-occupancy meetings with the tenant, leasing agent, and contractor to insure a smooth transition.

All insurance claims processing is coordinated by ESSTEE, as the policy permits. Coverage, deductibles, and claims are reviewed with the agency annually. Competitive quotes are evaluated every three years. For special projects and seasonal contracts, at least two bids are analyzed prior to making recommendations to the Owner. All questions/concerns from tenants/vendors are addressed by ESSTEE. For emergency services, we are available 24 hours a day.

For additional information, please contact Sheri Holstege at esstee@essteeinc.com or 616.392.6480.

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