Thorstenson Management Property Management
Thorstenson Management (also doing business as TLT Properties) owns and manages a variety of living spaces in Champaign, Urbana, Monticello, and Tolono, Illinois. The properties range from apartments and single family homes in quiet residential neighborhoods, to luxurious loft apartments in Downtown Champaign. For the management of the maintenance and operation of a property, Thorstenson Management will provide these services:
Management 1. Negotiate management contracts 2. Inspect properties 3. Create Work Orders and paper trail 4. Define capital expenditure specifications 5. Bid projects 6. Get authorization forms signed 7. Create monthly cash/management reports 8. Attend owner meetings as needed 9. Create tenant rosters 10. Manage key systems 11. Maintain tenant files
Marketing 1. Negotiate lease listing 2. Determine rental price 3. Advertise rental space (newspaper, MLS, web site) 4. Show space 5. Qualify tenants 6. Negotiate lease 7. Get space ready for tenant 8. Web site and email response
Accounting 1. Set up accounting system on computer 2. Maintain checking account for collection and forwarding of rents to owner 3. Collect rent and keep track of accounts receivable 4. Pay limited bills and keep track of local maintenance & utility accounts payable 5. Manage cash flow for petty cash/maintenance account 6. Maintain paper files for AR/AP
