OUR SERVICES
Property Management
Accounting & Lease Administration
Accounting & Lease Administration
TMC Commercial Real Estate principals have a proven track record and the expertise to manage assets in a competitive first-class condition. We have established relationships with reliable and cost effective vendors who share our work ethics and commitment to quality of service. Upon being appointed as the Managing Agent for a property owner, TMCCRE will immediately conduct a quick and efficient transfer of all documents and records, and will set up an accounting and reporting system tailored to the owner's requirements. Additionally, we will perform a Property Condition Assessment (PCA) to determine existing condition and, at the same time, will conduct a simple tenant survey during our introduction to obtain feedback on their level of satisfaction, additional lease space requirements, suggestions, etc. This survey will also serve as a method to obtain and update the current tenant responsible party information for our daily use, and especially for our after-hours 24-7 emergency response program.
Just a few of our many management services:
- Monthly PCA reports and photos with recommendations
- Quarterly tenant visits with a documented report and contact updates
- Vendor qualification, management, and monthly contract compliance meetings
- Competitive vendor bidding with detailed scope of work
- Proactive roof, HVAC, and vacant space inspections with maintenance programs
- Detailed CapEx and OpEx presentations for property improvements
Accounting & Lease Administration
Accounting & Lease Administration
Accounting & Lease Administration
TMC Commercial Real Estate will proactively manage and account for all facets of day to day operations to track, record, and report on income and expenses based on owner requirements. We have years of experiences with a multitude of different owners and reporting methods, and can confidently provide a variety of operating reports, variance analysis, receivables and payable reporting, operating budgets, lease expiration tracking, CPI adjustments, rent escalations, sales reports, annual CAM reconciliations, and more. We utilize Rent Manager, a powerful property management software.
TMCCRE will consistently document, administer, and report on the property, month after month, with a primary focus on:
- Lease abstracting, rental increases, expiration reports
- Rent and CAM collection, deposits, bank reconciliations
- Tenant default reporting and legal processing
- Tenant and vendor certificate of insurance compliance
- Annual budget preparation with 5 year capital forecasting
- Detailed monthly operating reports with variance analysis
New Acquisition Due Diligence
New Acquisition Due Diligence
New Acquisition Due Diligence
Acquisitions typically require a substantial amount of due diligence by the Buyer. The Buyer will want to know many aspects about the purchase: obligations being assumed, physical condition of the asset, stability of the income stream, and a variety of other financial and physical details. TMC Commercial Real Estate will assist a Buyer to verify crucial facts such as easement agreements, service contracts, lease abstracts looking for anything unusual such as co-tenancy, early-out clauses, etc., vendor service contracts, ADA and life safety compliance, and much more.
TMCCRE will focus on these major points during the due diligence period:
- All tenant leases, including amendments and modifications
- Rent roll, including lease expirations and delinquencies
- All utility and vendor service contracts
- OEA's, CC&R's, REA's
- Current year Operating Budget and P&L's for prior three years
- Survey, legal description, building and landscape plans
- Compliance with annual inspections (fire, roof warranties, etc.)
- Inventory of furniture, fixtures, equipment, and supplies
- Physical condition of the asset with complete PCA Report
Construction Management
New Acquisition Due Diligence
New Acquisition Due Diligence
TMCCRE will be your advocate and advisor during capital projects and tenant improvements, and will coordinate the owners expectations based on the Landlord work and/or Tenant Improvement requirements of the executed Lease Agreement. We will review plans with architects and the Tenant, develop and approve the scope of work per the Lease, qualify contractors and obtain sufficient COI's, obtain bid proposals, award the job, and oversee the construction process. Our supervision will ensure that all city and county building codes are adhered to, schedules are met, the construction site is always clean and safe, the final walk-through and punch list are completed, and the Tenant is satisfied. During the construction process we will document the progress with photos and/or videos.
From the work start date to project completion, the primary goal of TMC Commercial Real Estate is to efficiently manage the construction process and budget to achieve a timely move-in of the new Tenant and meet the rent commencement date.
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