Commercial Management

Bridgewater and its team of specialists conduct and oversee all daily administrative affairs of the Property. The key to Bridgewater's success is that its team understands how properties are best administered, provides sound recommendations and delivers the best plan of action on behalf of the owner. Whether it is an office complex, mixed use building, shopping center or if the owner is a local individual, Fortune 500 Company or a private partnership, Bridgewater has the experience to successfully manage your investment.

Bridgewater is focused on long term relationships that provide the owner with documented operational savings as well as relieving the owner of the daily challenges of their investment. The Bridgewater team grew out of service delivery and excelled on its ability to expedite and produce results. Perhaps one of its greatest strengths is Bridgewater's ability to anticipate the needs and expectations of the owner, and the market, and to resolve key issues before they develop.

Bridgewater routinely delivers:
- Correspondance with tenants and community representatives, and communicate with ownership as directed
- Execute all ownership directives
- Negotiate leases
- Hire and supervise on-site personnel (superintendent, porter, etc.)
- Hire outside contractors in the name of the ownership (after approval by the ownership regarding services, price, etc.)
- Supervise and oversee contracted services
- Establish semi-annual and annual preventative maintenance programs for all mechanical equipment
- Review any and all existing contracts now in force and make recommendations as needed
- Review all insurance programs.

In addition, Bridgewater's commercial management services include developing a budget for the property and the monthly analysis and preparation of financial statements. Each month, Bridgewater will complete a reporting package and deliver it to the owner/trustee.

Monthly financial reports will consist of:

Property Summary Report

This report describes all activities of the month. This narrative will also include the Property Manager’s recommendations for policy changes, future repairs, contract and vendor changes, marketing and leasing activities and explanation of budget variances.

Budget Variance Report

The budget variance report includes expenditures by line item account number in relation to the monthly budgeted figures, the year to date actual expenditures and year to date budgets.

Bank Reconciliation Report

This proofs the operating account balance. A copy of the bank statement will be attached.

Cash Receipts Journal

This journal maintains a monthly listing of all cash received and appropriate account designation.

Cash Disbursements Journal

The cash disbursements journal lists the details, by expenditure and category all items paid during the month.

Rent Report

Reflects, in detail, by tenant and income categories, the rent received by tenant including amount, date, date paid, late fees paid or payable.

Trial Balance

The Trial Balance reflects all rent received and disbursements made by account.