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Richmark Properties, Inc. About Us
Man laying on couch looking at cellphone Man laying on couch looking at cellphone


At Richmark Properties we understand that at the end of the day, it all comes down to the bottom line. Throughout our portfolio, we establish operating cost efficiencies by diligent management. We continually evaluate the quality and the cost of services we provide to our residents and owners, and we do not hesitate to make improvements whenever these can be adjusted within the parameters of our cost guidelines or scope of services.

Our experience over the years has taught us that in property management each community is unique and “one size does not fit all.” Because of this, we do not assume that a particular marketing or management strategy is appropriate in every circumstance. Individual owners vary and the needs and desires of residents change over time. Accordingly, we tailor our management strategy to the specific needs of each community.

Richmark Properties, Inc. provides the following reports to owners on a weekly, monthly, and annual basis.

Weekly Reports

business professionals shaking hands Vacancy Report –

  • A schedule of notices
  • Vacancies
  • Reserved units along with occupancy trends for the following four weeks for each community

Graphs –

  • Graphs of weekly traffic versus leased apartments
  • Vacancy versus net-to-rent numbers

Monthly Financials

pen on top of receipt papers Statement of Earnings –

  • Includes narrative explaining any budget variances
  • Balance Sheet
  • 12-month Trend Statement
  • Capital Improvement Schedules

Income Analysis

staff members in a conference room looking at a graph on the board Schedule of Total Income vs. Budget –

  • 12-month trend report

Rent Variance Report –

  • Accounts for pre-paids, prior-paids, delinquency, etc.

Lease Expiration Report –

  • Analysis of lease expirations for the following 12-month period

Market Rent Schedule –

  • Summary of rent increases for a 12-month period

Market Survey –

  • Compares rents among the competing communities with subject community

Annual Reporting

tool bag next to a maintenance worker checking the air conditioning unit Reporting –

  • Cash Flow Statement for the year