Administrative Services & Reporting

Steadfast Management Company has developed a concise reporting system, which allows Business Managers and Regional Managers to monitor the progress of a property’s operations. In particular, managers focus on the rent levels in the marketplace, and the projected availability of the apartments in their community.

Business Managers and Regional Managers use Steadfast Management Company’s thorough reports to make critical marketing decisions about lease terms, rental rates and special promotions designed to attract new residents. On the whole, the Steadfast reporting system is designed to produce information from which owners can clearly monitor the property’s performance. Furthermore, the monitoring team conducts audits of property records to verify compliance with policies.

Available reports include:

• Monthly financial reports for the current year
• Current year budget
• Current rent roll illustrating occupied units, contract rents, move-in dates, date of last rental increase and security deposits
• Vendor list
• Service contracts
• Outstanding payables (aged)
• Current tax bill
• Mortgage/Loan information
• Insurance certificate and premium information
• List of on-site employees with payroll information
• List of known maintenance issues or physical necessities