Real Estate Property Management Audit Checklist
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
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Maintenance procedures for common areas and individual units
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Emergency response protocols and communication plans
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Lease agreement enforcement and rent collection processes
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Tenant screening and leasing procedures
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Dispute resolution and conflict management strategies
Financial Management
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Budgeting and financial forecasting practices
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Rent pricing strategies and market analysis techniques
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Expense tracking and cost management procedures
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Utility billing and payment reconciliation processes
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Financial reporting and documentation accuracy
Property Maintenance
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Regular property inspections and maintenance schedules
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Vendor management and contract oversight
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Preventive maintenance programs for building systems
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Compliance with building codes and regulations
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Safety and security measures for residents and staff
Tenant Relations
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Communication channels for addressing tenant inquiries and concerns
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Tenant retention strategies and community engagement initiatives
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Handling of lease violations and eviction procedures
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Resolution of tenant complaints and grievances
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Accessibility and responsiveness of property management staff
Legal Compliance
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Knowledge of landlord-tenant laws and regulations
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Documentation of lease agreements and tenant communications
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Compliance with fair housing laws and anti-discrimination policies
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Licensing and certification requirements for property managers
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Risk management strategies and insurance coverage assessment
Prepared By:
[Your Name]
[Your Job Title]
Date: [Month Day, Year]
