Rainbow Property Management

Services

• Bill all residents for maintenance fee charges on a monthly basis
  
  
• Collect maintenance fees by mail at our corporate office
  
  
• Daily bank deposits into a separate operating account for each property
  
  
• Pay all bills related to the operation of the site
  
  
• Oversee any on-site staff
  
  
• Implement a purchase order procedure and spending limit with on-site staff
  
  
• Enter into contracts for essential services 10 the property, such as snow removal, trash pickup, extermination, utilities, etc.
  
  
• Oversee and/or place orders for all equipment, supplies and tools necessary to maintain the property
  
  
• Report any violations found by government agencies to the owners
  
  
• Correct any violations found by government agencies
  
  
• Notify the owner of any emergencies within 48 hours
  
  
• Maintain a comprehensive system of records, books and accounts
  
  
• All accounts may be audited by an owner-approved accountant on a yearly basis
  
  
• We will work with an agreed upon spending limit for our property manager
  
  
• Provide a financial report before the 20th day of the month for the preceding month
  
  
• Prepare an annual budget for the property
  
  
• Process payroll (through an outside payroll company) for all property employees 10 include all tax forms and tax payments
  
  
• Hire, contract for, supervise and terminate any employees and contractors required to property maintain the property
  
  
• Oversee the collection of work order requests and resolution of those requests by the site staff or contractors
  
  
• Diligent collection efforts on all delinquent accounts
  
  
• Recommend an aggressive collection policy with a recommended attorney
  
  
• Report all accidents and/or claims to the insurance company and to the owner
  
  
• Work with the insurance carrier and/or legal representative on all claims
  
  
• Maintain a separate operating account in the name of the property/owner for all property related expenses, payroll and management fees
  
  
• Maintain a separate account for reserve and replacement in the name of the property/owner
  
  
• Oversee any capital improvements and other major repair projects