Annual Budget

Annual Budget

Revill Property Management have successfully reduced client’s annual expenditure by 15% by auditing services provided to the development and negotiating with suppliers to ensure value for money.

At the beginning of every financial year, RPM will tender out specific services to suppliers in an effort to keep up to date with current market trends and to avoid supplier complacency. The Board of Directors are always consulted with during this process as we believe communication is key to the successful running of any development.

RPM prepare an estimate in respect of annual service charges in accordance with Section 18 of the Multi-Unit Developments Act 2011. We calculate the correct apportion of service charges for each unit to be applied in accordance with the provisions in the Lease agreement applicable to their management company (OMC). We use the latest accountancy software to keep track of all funds which are held in the name of the client.

 

Sinking Fund Analysis

Revill Property Management have a policy to compile a sinking fund analysis for every development in our portfolio.

RPM will identify all aspects of a development that requires maintenance in the medium to long-term and prepare a plan for the future, today! This allows us to accurately budget your sinking fund requirements giving peace of mind that there will be no surprises in the future. This work can be carried out in conjunction with a qualified building surveyor and is an excellent basis for sinking fund budgeting.

“The management skills and planning for the future displayed by Simon was exactly what our development needed. Previous agents promised us everything under the sun but did not deliver.  RPM say it like it is and follow through on their word. Highly recommended.

Dublin Property Management
Dublin Property Management
Dublin Property Management

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