Commercial property management for retail, office, and industrial property across southern Idaho, all of Utah, and southern Nevada.
StoneRiver Commercial Management works exclusively with commercial real estate. We tailor services and reporting to each owner’s objectives for the asset.
Property types
Retail
Shopping centers, strip centers, and single-tenant retail.
Office
Single- and multi-tenant office buildings and professional space.
Industrial
Warehouse, distribution, flex, and light industrial facilities.
Services
Leasing and tenant services
- NNN, gross, and modified gross lease management
- Lease negotiation and renewal
- Tenant rent and percentage rent collection
- Rent escalations and CPI adjustments
- Tenant improvements
- Certificate of insurance (COI) management
- CAM collection and year-end reconciliation
- Tenant retention, move-in, and move-out
- Tenant concerns and resolution
Lease administration and compliance
- Lease tracking and renewal management, including monitoring expirations, renewals, and options
- Lease enforcement
- Legal compliance and risk management: zoning, ADA, and safety requirements
- Tenant relations, and reporting tenant data to owners
Rent collection and financial management
- Monthly rent collection and bill pay processing
- Collection of receivables and remittance of payables
- Scheduled monthly owner payments
- Monthly financial statements, with online owner reporting
- Monthly bank reconciliation and close of books
- Property budgeting and expense tracking
- Annual expense review and comparison
- Annual budget and CAM reconciliation
- Late payment follow-up and eviction coordination
- Long-term value creation planning
- A monthly owner/manager call, plus monthly, quarterly, and annual performance reports
Property maintenance and vendor management
- Preventive maintenance plans and long-term maintenance planning
- Monthly in-person inspections with a written report, and inspections after work orders
- 24/7 emergency response and a 24-hour phone line
- Online tenant maintenance portal
- Vendor coordination and contract negotiation
- Capital improvement planning for property upgrades and renovations
Common area maintenance (CAM) and operations
- CAM budgeting, forecasting, and tenant allocation
- Utility and energy management
- Parking lot and exterior maintenance, including landscaping and snow removal
- Security and safety: security services, alarm systems, and fire inspections
Legal and regulatory compliance
- Lease law compliance
- Zoning and land use review
- ADA accessibility and non-discriminatory leasing practices
- Risk mitigation, including insurance requirements
Construction management
- Working with architects and engineers on drawings
- Obtaining bids
- Coordinating general contractors and tenant improvements
- Tenant improvement amortization schedules
- Oversight of on-site repair work such as concrete walkways, asphalt, and landscaping
Commercial owners’ associations
- Maintenance and repairs for all common areas
- CC&R revision and implementation with the association’s attorney, under board supervision
- Board meetings, agendas, and annual budget preparation
- Collection and monitoring of association dues and special assessments, with financial reports to owners
- Owner relations: responding to each owner’s requests and concerns
Optional services
- Additional or clean-up accounting outside standard property accounting
- Construction management