Compass Management (720) 408-1200

Compass Management
Compass Management
Compass Management

Financial Services

Compass Management provides a variety of Financial Services based on the property type being managed.

For our Residential Clients we:

  • 26414928_sEstablish Operating Accounts (for the collection of rents and payment of invoices for the property)
  • Establish Reserve Accounts (for security deposits)
  • Roll and track rent charges and payments
  • Pursue delinquent accounts and pursue evictions, if necessary
  • Process payments for invoices associated with maintaining the property (including mortgage payments if the client desires)
  • Provide reports detailing income and expenses for the property/portfolio
  • Distribute excess funds to each owner per the terms of the management contract

For our Commercial Clients we:

  • Establish Operating Accounts (for the collection of rents and payment of invoices for the property)
  • Establish Reserve Accounts (for security deposits)
  • Roll and track rent charges and payments
  • Pursue delinquent accounts and pursue evictions, if necessary
  • Process payments for invoices associated with maintaining the property (including mortgage payments if the client desires)
  • Provide Monthly Financial Reports which include:
    • Balance Sheet
    • Income Statement
    • General Ledger
    • Executive Summary
    • Legal Activity Description
    • Leasing Activity Report (prepared in conjunction with the leasing team)
    • Lease Renewal Status Updates
    • Aged Delinquency Report
    • Variance Reports
    • Construction Management/Preventative Maintenance Issues Report
    • Bank Reconciliations
  • Distribute excess funds to each owner per the terms of the management contract
  • Prepare Annual Operating Budgets
  • Prepare Annual Common Area Maintenance Reconciliations (reconciling actual expenses to budgeted expenses and then invoicing or charging tenants their pro-rata share per the terms of their lease)