Admiral RE
We're known for our dedication and initiative
Admiral RE | 10900 NE 8th St, Suite 900 Bellevue WA 98004 | Office: 800-550-0516 | Fax: 800-550-0517 | info@admiralre.com
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Admiral | Property Management
Revenue Management
We offer the following revenue-side management services as part of our property management function.
Tenant Selection Procedures, including;
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Viewing available spaces with a prospect.
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Discussion of prospect requirements.
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Ascertain nature of prospects business and special requirements as they affect the building and the other tenants.
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Discuss lease term, required rental rates offered, tenant incentives needed, etc.
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Discuss reason for moving from existing premises.
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Analyzing prospects impact on the building with number of employees, frequent use of elevators, etc., parking space requirements, HVAC use by hours of operation, environmental protection issues, etc.
Lease Interpretation and Enforcement, including;
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Use and occupancy permit follow-up.
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Insurance considerations for both landlord and tenant.
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Assignment or subletting considerations.
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Access and default follow-up.
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Rent review and escalation procedure.
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Fixtures and improvements definitions.
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General enforcement of landlord lease specifications.
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Design of specific commercial or industrial leases should landlord not have a designed form.
Rental Collection and reporting, including;
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Timely rental pick-up including security deposits from new tenants;
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Operating costs adjustment collection should the lease so specify.
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Deposit into trust account with reconciliation's and monthly statements provided.
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Timely monthly reporting to landlord on collections, arrears, tenant intentions or complaints, changes in tenant financial status, third party comments or concerns that could impact the property, etc.
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Scheduling and forecasting base rent revenues, common area maintenance and operating cost recoveries, vacancy losses, etc.
