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Property managers should provide the board of directors with financial reports, including income statements, balance sheets, and cash flow statements, to ensure transparency regarding the property's financial health. Maintenance and operations reports detailing ongoing projects, completed work, and any outstanding issues are also essential. Additionally, occupancy and leasing reports can help the board assess tenant turnover and rental income trends. Regular updates on compliance with regulations and any significant incidents or changes in the property should also be included.
What else can I help you with?
What does a board of directors do?
They oversee a company and answer to stock holders. The board of directors provides the company with direction and advice. It is the responsibility of the board of directors to ensure that the company fulfills its mission statement. In doing so, the board of directors frequently sets the company's policy objectives. A good board of directors should include knowledgeable and experienced business people. From: http:/www.wisegeek.com/what-does-a-board-of-directors-do.htm A board of directors should NOT be made up of friends and relatives; one or two members can be friends or acquaintances if they are business people or experienced board members.
Why a manager should plan?
A manager should plan to reduce the risk of failure. When a manager plans, they predict what problems they may run into and plan accordingly.
What are the key feature of effective boards of directors?
Effective board of directors should have many traits. Knowledge of the company, an understanding of policies, and the ability to listen to problems that may have to be addressed are key qualities of a member of a board of directors.
Who should have more of a say during negotiations for resources the project manager or the line manager?
Ofcourse line manager
What budgetary control responsibilities should the frontline manager have?
A manager for a corporation should not have signing authority. This opens the door to risk of money mismanagement and theft.
One of your employees has been injured and asks to see reports of other accidents like the one she suffered What should you do?
Any medical reports for employees should be kept confidential. Only the manager, employee, and medical facility should have access to any reports.
What should a manager of a quick-service operation do if a foodhandler reports having a score throat and a fever?
Restrict the foodhandler from working with food.
Can a resident manager live in the property?
Yes, a resident manager can live on the property they manage, as this arrangement is often beneficial for both the manager and the property owner. Living on-site allows the manager to address issues promptly, maintain oversight, and provide better service to tenants. However, the specific terms of the arrangement should be outlined in the management agreement and comply with local laws and regulations.
Does landlord have to give notice if it authorizes a property management company to take over?
There should be an official notice. The landlord should notify you in writing to identify the new property manager and how to get in touch with them in the case of an emergency or to report a problem. For your own security you shouldn't allow anyone you don't know to announce themselves as the property manager and enter your dwelling.
Can you sue a property manager if he does not collect rent?
Generally there is no point in suing a property manager for not collecting rent. It should be noted that the tenant is responsible for paying his rent on time. It is not the responsibility for the landlord to collect the rent. If the landlord does not collect rent and the tenant should send it to the landlord by mail or in person.
What action should a manager take when a foodhandler reports being diagnosed with shigellosis?
send the foodhandler home, and then call the local regulatory authority
Can you terminate the contract of your property manager?
Before you regret it in the future, you should talk the issue about the manager of the agency, and it will depend on your agreement on what would be the right thing to do on how and when you can terminate his contract.
In California do condo owners have the right to review condo bills and financial statements monthly?
The only answer to your question is to review your governing documents. You should be able to find your answer in the sections that discuss finances.As well, you may want to review the California Condominium Law, so that you understand your rights.Informally, you should absolutely have this right. You can contact the property manager, and the board of directors and demand these rights. If you are denied, you can consider hiring an attorney and making a formal request to clarify your rights.
A debt instrument with no ready market is exchanged for property whose fair market value is currently indeterminable When such a transaction takes place?
the directors of both entities involved in the transaction should negotiate a value to be assigned to the property.
What are the roles of a real estate property manager?
Real Estate property manager roles are defined by who has hired them. under normal circumstances that role is to market the property for occupancy, screen potential applicants, prepare leases and other agreements, collect payments monthly, answer complaints and repair requests from tenants. They should also monitor and manage the condition of the property.
What abilities a person to become a succses Manager?
A Project Manager should have the ability to: *Communicate Effectively, *Supervise Project Staff, *Implement Plans of Action, *Accomplish Project Goals and Objectives, *Prepare Project Reports and *Account for Project Funds.
Should you say Attached are the reports or Attached is the reports?
attached are the reports
