Management Services

Collect and deposit income
Prepare the annual budget
Prepare payment of all expenses incurred by the property from the rental funds collected
Assist in annual audit and tax return
Review and recommend banking needs for the Reserve for Replacement Fund, Residual Receipt Account, and other funds of the property
Supervise handling of escrow account for security deposit receipts, refunds and forfeitures in accordance with the Pa. Landlord-Tenant Act
Prepare monthly Income Statements, Balance Sheets and Budget Expense Reports
Prepare monthly Transaction Lists for Cash Disbursements
Prepare General Ledger, Trial Balance, depreciation schedules, reconcile bank statements
Prepare HUD reports if required

Direct supervision of all employees and independent contractors
Handle Workers Comp and other insurance claims
Perform annual employee reviews
Calculate and pay all payroll taxes, Workers Comp premiums and other benefits, and prepare quarterly and year-end payroll tax reports
Prepare payroll and maintain employee records

Provide management and maintenance expertise
Negotiate and contract with outside sources
Periodic inspections of building
Attend all board meetings
Implement repairs and replacements to the building, grounds, fixtures, and furnishings as reflected in the annual budget
Act as the liaison between the Board, HUD, PHFA, PMAM and other government agencies and attend all inspections
Full service maintenance, cleaning, and grounds keeping available