Budgets & Binders
Items on the Assumptions Page such as, Admin Fee & Monthly Pet Rent can be found here.
Rental Rate Sheet
To determine the Average of Turns per month, find this out and divide by 12.
Move Outs on T12
The countdown begins! This is of the essence when getting the collection process started.
Time
Aretha Franklin reminds us that exhibiting THIS amongst the team is key to healthy maintenance/management communication
Respect
Similar to terms used when helping a new surfer, this initial training period is crucial to the success of every new employee
Onboarding
This report is used to determine the Turnover Rate and Renewal Rate
Tenant Tickler
This is the amount of bids ideally collected when a project is greater than $5,000
3
Name (3) benefits of a good supplier relationship
Trusted, Reliable, Save Costs, Less Delays, Continually Improve, Less supply chain challenges
These light the way to exit a hallway or building
Egress Lights
Like beams under a bridge, Artcraft likes to promote this type of helpful environment
Supportive
This number is the typical percentage for Bad Debt Rent, although it should be based on historical and goals.
1%
The cost a property pays to screen an applicant is typically coded to this GL account
Lease up Costs
If you are able to keep a debt lower than this amount, you have a better chance of recovering the bad debt.
$4,000
This is used daily, weekly, monthly to show the areas of preventative maintenance conducted.
Gantt Chart
While open to new innovations, Damaris and Alethea like to "kick it" this way to ensure a balance in practices and initiatives
Old School
Knowing the amount of this balance, and yearly deposits, will help to know what funds are available for Capital Projects
Reserve Account
These two (2) thresholds determine if something is to be paid for out of the operating account or would be a capital item.
Economic life expectancy beyond 12mths and cost over $500
Name something you should NEVER do or say when attempting to collect a debt
Threaten to do something you won't do, use colored paper, place an account with more than one collection agent
While 98* is ideal for the human body, this temperature is what to set a refrigerator to
35*
During the initial stages for a newly hired employee, it's important for them to find or be provided this "M" to help answer questions and provide guidance
Mentor
When researching contracted expenses, this report that can be used to see a history of what was spent in a given category.
Cash Flow 12 Month, General Ledger
This is a source that can be used when researching utility rate increases for the coming year.
City Website, Google, Newspaper Articles, Utility Office
Name 3 items typically needed when sending an account over to collections
Application, Lease, Final Account Statement, Photographs, Final Ledger, Updated Names/Addresses/Employment, Military Status
Name (4) items in common spaces that should be examined during preventative maintenance inspections.
Lighting, generators, fuel tanks, elevators, fire extinguishers, clubhouse furniture, dumpsters, fences, doors, sidewalks, parking lots, roofs, etc.
To promote the mantra Artcraft CARES, it's important to know the (5) words these letters represent
Compassion, Accountability, Responsibility, Excellence, Service