NIDC wishes to retain the services of a highly-qualified firm experienced in managing rental properties. The management company will perform as NIDC’s agent, responsibly fulfilling all duties including but not limited to: • Develop and enforce rules for tenant conduct. • Within the first 30 days of taking over the management, meet with each tenant and inspect their unit. Notify NIDC of problem conditions and, after consultation, promptly correct the problems. • Maintain overall cost-effective management of NIDC’s Woodlands portfolio. • Prepare an overall budget for the units, and provide monthly reports on actual costs as compared to the budget. • Provide NIDC with an ongoing plan to properly and cost-effectively maintain units. • Pay property taxes, utilities (water) and association fees on time. • Collect rent, security deposits, etc. and properly account for all payments and deposits. • Make quarterly payments to NIDC (allowing for current and anticipated expenses, such as property taxes and association fees.) • Insure that all units are code compliant, decent, and safe. • Conduct at least one annual inspection of each unit. • Regularly communicate and fully cooperate with NIDC and the Woodlands’ on-site management staff.
