RockStep Capital brings over 27 years of success repositioning and revitalizing commercial properties, and we can deliver that expertise in managing your real estate asset.
Asset management is a crucial component of ensuring the growth and success of your investments, but it can be a daunting, expensive and time-intensive process. Our asset managers oversee the administration, operation and maintenance of your assets to maximize their value and returns.
What’s Causing Your Property to be Distressed?
Unexpected Vacancy or Tenant Departure
Market Rents Decline
Bankruptcies or Other Issues of Anchor Tenants
Owner Bankruptcy or Financial Strain
Lack of Refinancing Capability
Ineffective Current Management
Need to Reposition or Seek Alternative Uses and Don’t Know How
Expenses are Too High
Services Overview
Asset Management
Comprehensive administration, operation and maintenance of your asset including property valuations, investment and financial engineering, market positioning strategy and more.
Accounting
Our thorough accounting services encompass consistent internal analysis of financial statement activity including evaluation of amortization schedules, tax audits and expense reconciliations.
CAM Reconciliations
Meticulous completion of annual CAM, operating expense and property tax reconciliations, which involves invoicing and corresponding with tenants to adjust recurring charges.
Accounts Payable
Centralizing vendor payments, monitoring payment deadlines, negotiating favorable payment terms, and maintaining accurate records of all transactions, all with cash management in mind.
Budgeting
Annual preparation of comprehensive property budget based on financial performance and identification of key revenue and expense drivers. Reports include income, expenses and capital items as well as variance analysis on cash flow, receivables and financial statements.
Forecasting
Quarterly review and adjustment of property budget based on historical data, economic conditions and market trends, with the goals of determining the best capital expenditures and other investments, taking steps to mitigate potential risks and capitalizing on opportunities.
Lease Administration
Maintenance of lease records and abstracts, including lease execution, lease monitoring and lease enforcement. This helps our clients streamline their lease management processes, reduce administrative burden and improve the financial performance of their properties.
Accounts Receivable
Attentive collections control to ensure proper tenant invoicing and billing on the front end, and reporting and analysis on the back end. We’ll handle any questions and disputes involving payments.
Co-tenancy Analysis
Updated on a monthly basis, key functions of co-tenancy analysis include lease review, co-tenancy tracking, scenario analysis, mitigation strategies and risk assessment.
Financial Reporting
Heavily customized to the client’s needs, financial reporting encompasses financial statement preparation, budget vs. actual analysis, investor reporting and compliance reporting.