Property Management @ MGW

Comprehensive Property Management Services
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You can expect the following from your property manager:

1. A face to face visit to personally assist you, the landowner or trustee, in defining long-range and current property business objectives.

Martin, Goodrich & Waddell2. We will develop a property plan to achieve these established goals through:

  • An inventory of resources to include: soil types, fertility, yield history, drainage, improvements (buildings, equipment and conditions contributing value);

  • Cropping & Livestock System recommendations to be based on resources, and adaptability with projected costs and income;

  • Property Operations Plan to consider all methods of operation and leasing to achieve and maximize owner objectives. Leasing options include; cash rent, crop share, livestock share, bushel lease, custom property and direct operation.

3. Careful selection of a highly qualified property operator dedicated to long-term property service.

4. Review and maintain compliance of Federal and State regulations affecting the subject propertyland. In addition, all government property programs are reviewed and implemented if beneficial to the owner under the current property operations plan.

5. Periodic property visits are made by the property manager to represent the owner in carrying out property operating plans. More frequent visits are made during critical seasons--planting, growing, and harvesting.

 

6. Accurate computerized record keeping is maintained on each individual property. These records are available to the owner at any time.

7. A year-end financial report is provided to the owner, which can be used for tax purposes, as well as analyzing profit and loss for the year.

8. A projected cash flow or operating budget is also prepared annually for the owner's approval.

9. Separate bank accounts--usually a checking and an interest bearing account--are established for each property. The property owner may select the financial institution of his/her choice. All property income and property expenses are handled through these accounts. Excess funds on deposits (beyond operating needs) are placed in higher yielding accounts when possible.

Martin, Goodrich & Waddell 10. Detailed property progress reports are made to the owner. These include: general property conditions, production information, inventories, marketing information, and financial information sent to the owner periodically. More frequent simplified property visit reports can be provided if desired. These reports will be submitted in addition to the budget and cash flow statements mentioned earlier.

11. A Management Agreement between Martin, Goodrich & Waddell, Inc. and the property owner is prepared initially and reviewed annually.

 

Contact Steve Diedrich by  phone: 815-756-3606, fax: 815-756-5929, or e-mail.
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Martin, Goodrich & Waddell, Inc.
2020 Aberdeen Ct.
Sycamore, IL 60178
Phone: (815) 756-3606
Fax: (815) 756-5929
Email: Info@martingoodrichwaddell.com

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