COMMERCIAL PROPERTY MANAGEMENT

ROCK’s Property Management team offers a customized solution that is responsive to the inherent differences in property type, ownership structure, and ownership intent. Our property management services are charged based on the owner’s actual needs, not merely as a percentage of owner income.

Building Services:

• Enforcement of lease compliance by tenant
• Database capturing tenants, prospective tenants, vendors, and emergency contacts
• Day-to-day building management, common areas and grounds
• Coordination and oversight for vendor service repairs and maintenance
• Bid solicitation and review for repairs and maintenance (e.g., annual service contracts)
• Periodic property visits and inspections
• 24/7 call system for emergencies
• Formal building and property inspections that include a report of recommendations
• Long-term strategic management for value creation, optimal performance and sustainability
• Long-term planning for the performance and replacement of capital improvements

Real Estate Accounting Services:

• Establishment of bank accounts for operations, reserve funds, and/or security deposits
• Monthly bank reconciliations
• Cash management (monitor balances, forecast owner contributions and distributions)
• Invoice review, approval, allocation and payment
• Mortgage payment processing
• Estimated income tax payment processing
• Issuance of annual IRS Form 1099s to payment recipients
• Common area maintenance (CAM) calculations, reconciliations and billing
• Chargeback billing (e.g. snow removal, utilities)
• Income and expense analysis
• Development of customized financial reporting system (e.g. chart of accounts, balance sheet, income statement(s), cash flow report(s))
• Preparation and summary of monthly balance sheet, income statement, cash flow projections, general ledger, and other reports, as contracted
• Historical financial comparisons
• Preparation of annual budgets and other financial analysis, as contracted
• Budget variance analysis
• Return on Investment (ROI) analysis
• Assist third party accounting professionals with income tax return preparation
• Record adjusted accounting entries prepared by third party accounting professionals
• Development and maintenance of record-keeping system (e.g. CAM reconciliations, contracts, deposits, financial records, leases, invoices)

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Case Studies

Susquehanna Commerce Center, York, PA

Product: Office Condominium

Size:  260,000 SF

Client:  Susquehanna Commerce Center Condominium Association, Inc.

Services: Property Management

8-Property Portfolio located throughout Central PA

Product: Retail, Office, Industrial

Size:  262,416 SF

Client:  KOSKAP Partners

Services: Portfolio Management

York Traditions Bank Portfolio, York/Cumberland Counties, PA 

Product: Retail & Office

Size:  50,340 SF

Client:  York Traditions Bank

Services: Portfolio Management

Northeast Shopping Center, 4300-4314 North George Street, Manchester, PA

Product: Retail

Size:  23,838 SF

Client:  PII Affiliates LTD

Services: Property Management

Our relationship with ROCK is a significant partnership. We consider Kevin Hodge a key member of our real estate team. He has been involved in the land acquisition, due diligence, entitlement and eventual sale of every significant transaction we have done in York County for many years. We couldn’t ask for anything more.

Gary Stewart
The Stewart Companies

As a client I greatly appreciate the professionalism and service that ROCK’s accounting team provides. Their standards and practices provide accurate data and timely information required for effective management and financial controls. They keep their eye on the numbers but also provide a big picture perspective.

Jack Kay
Susquehanna Real Estate, LP

Very thorough and excellent communication from Greg Finkelstein. Always follows up and does what he can to bring two parties together to execute a lease.

Andrew Levine
Adams County Realty, LLLP

I cannot say enough about my positive experience working with David Bode. I chose him because he seemed more aggressive and knowledgeable, and my first impression was confirmed many times along the way. He was always available, his experience was evident, and his advice was spot on. I would highly recommend him.

David Fuchs