Real Estate Property Management Audit Checklist

Use this checklist to conduct a thorough audit of property management practices. Tick off each box as you review the items to ensure a thorough assessment and compliance with industry standards.

Operational Procedures

• Maintenance procedures for common areas and individual units

• Emergency response protocols and communication plans

• Lease agreement enforcement and rent collection processes

• Tenant screening and leasing procedures

• Dispute resolution and conflict management strategies

Financial Management

• Budgeting and financial forecasting practices

• Rent pricing strategies and market analysis techniques

• Expense tracking and cost management procedures

• Utility billing and payment reconciliation processes

• Financial reporting and documentation accuracy

Property Maintenance

• Regular property inspections and maintenance schedules

• Vendor management and contract oversight

• Preventive maintenance programs for building systems

• Compliance with building codes and regulations

• Safety and security measures for residents and staff

Tenant Relations

• Communication channels for addressing tenant inquiries and concerns

• Tenant retention strategies and community engagement initiatives

• Handling of lease violations and eviction procedures

• Resolution of tenant complaints and grievances

• Accessibility and responsiveness of property management staff

Legal Compliance

• Knowledge of landlord-tenant laws and regulations

• Documentation of lease agreements and tenant communications

• Compliance with fair housing laws and anti-discrimination policies

• Licensing and certification requirements for property managers

• Risk management strategies and insurance coverage assessment

Prepared By:

[Your Name]

[Your Job Title]

Date: [Month Day, Year]

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