Property management services with a focus on maintaining stabilized occupancy of 94% or higher and a minimum debt service coverage ratio of 1.15:1.00. Respondents shall be required to perform all duties outlined in HOC’s Form Agreement for Property Management Services (Exhibit D). A. Management Duties – Generally As applicable, adhering to the final Management Plan, Maintenance Plan, and Subcontracting Plan approved by HOC. B. Management Duties - Reporting Management Agent will be required to submit the following reports on a monthly or more frequent basis as requested by HOC: ● Incident Reports, within 24 hours of the occurrence of an incident; ● Monthly Turnover Reports, as may be required; ● Monthly Rent Schedule Reports; ● Monthly Compliance Report (as submitted to the FHA Risk Share lender) ● Monthly Recertification Reports as appropriate; ● Monthly General Ledger and Balance Sheet; ● Monthly Income and Rent report; ● Monthly Court Case Report; ● Monthly Submission of the Replacement Reserves; ● Monthly Market Survey, as required; ● Monthly Operation Statements; ● Management Fee Calculation Reports; ● Monthly Security Deposit Account Balance and Liability Reports; ● Monthly Rent Roll;
