The firm’s Property Management division has demonstrated consistent and solid growth in retail shopping center management in San Antonio, South Central Texas and the Rio Grande Valley, currently ranked as the largest retail property management companies in San Antonio, with a Property Management portfolio of approximately 3 Million square feet. The firm’s years of combined work experience in the retail shopping center industry has produced significant added value, opportunities and investment returns for property owners. Rohde, Ottmers & Siegel Realty Services values relationships as the driving force behind our success and future. Our Property Management team is dedicated to giving our owners the best management and leasing service and prides themselves on their constant attention to details. 

Our Management Services include:

Tenant Relations – Our Property Managers form businesslike relations with tenants and process their service requests and record them in a systematic fashion in order to show the action taken with respect to each.  Complaints of serious nature are reported to the Owner with appropriate recommendations.

Compliance with Lease:  Our managers secure full compliance by the tenants with the terms and conditions of their respective leases and see that all tenants are informed with respect to such rules, regulations and notices.

Expenditures:  Our accountants take care of payments required for mortgage, taxes, insurance, utilities and Owner‑approved contractual obligations.  Our Managers confer with Owners regarding every expenditures and its effect on the budget.

Insurance:  Our Managers investigate and make recommendations to Owners regarding property liability insurance, and once decided keep the policies in force, Owners receive written reports concerning all accidents or claims for damage relating to the ownership, operation or maintenance of their Property. 

Bank Account:  Our Property Management accounting team handles the day-to-day deposit of money collected for Owner and all payments due to the mortgagee of the Property, for all bills and charges in connection with the regular operation of the Property. 

In addition they maintain all forms, reports and returns as required by law in connection with income tax withholding, unemployment insurance, workmen's compensation insurance disability benefits, social security and other similar taxes and payments now required or hereinafter imposed with respect to the operation of the Property and its personnel.

Our Owners receive a statement each month and annually of all receipts, revenues, expenses, disbursements, and charges in connection with the operation of their Property. 

OUR MANAGEMENT TEAM:

Lori Rose-Alvarez - Director of Property Management:        Lori has been with Rohde, Ottmers & Siegel for five (5) years.  Previously she was with Kennedy Wilson and has over 25 years of experience in the property management industry.  She has extensive knowledge in managing retail, office and industrial property.

Laura DiCiolla – Assistant Property Manager:

i.  Collection of  Rents  & Enforcement of Leases:  Agent is authorized to collect all rents due or to become due pursuant to lease agreements for the Property and give receipts therefore; to terminate tenancies and to sign and cause to be sent or served in the name of Owner things necessary to enforce tenant leases or collect rents or damages due Owner including the institution and prosecution of actions to evict tenants and for the recovery of rent and other sums due Owner; to employ attorneys as may be selected and appointed by Owner or Agent for such purposes at Owner's expense;  to settle, compromise and release any actions or controversies in connection with the management of said Property with Owner's consent.  If Agent is required by owner's attorney to give depositions, provide extraordinary reporting, or is involved in legal disputes, then owner shall compensate agent at the rate of $35.00 per hour.

j.  Management Fee:  Owner agrees to pay Agent a property management fee in the amount stated in the attached See Exhibit “B”.  Such management fee shall be payable monthly on the first day of each month following the month in which the rents were collected.

Start Up Fees:  Owner agrees to pay Agent a start-up fee of $500.00 for setting up the accounting system per the direction of Owner's Certified Public Accountant.

4.  Termination: 

a.  Termination Without Cause:  This Agreement may be terminated by Agent or  Owner without cause upon sixty (60) days written notice to the other.  In the event of termination by Agent, Agent shall furnish within thirty (30) days after the effective date of termination, an accounting of receipts and disbursements effective to the date of termination.  Termination by the Owner and the direct collection of any rents by the Owner shall be subject to the full payment of all commissions, fees and expenses due Agent as of the date of termination.  A termination fee of three months property management fee shall be paid if contract is terminated during the first twelve (12) months.

b.  Termination For Cause:  Both Owner and Agent may terminate this Agreement at any time after delivery of (30) days written notice to the defaulting party particularly setting forth the nature of the default and upon failure of the defaulting party to cure such default prior to the expiration of a ten (10) day period.  In the event a petition in bankruptcy is filed by or against either Owner or Agent or in the event that either shall make an assignment for the benefit of creditors or take advantage of any bankruptcy or insolvency act, such action shall be deemed a breach of this Agreement.

c.  General Termination Provisions:  Upon any termination of this Agreement, the Agent shall submit financial statements as herein provided to the date of termination and after the parties hereto have accounted to each other with respect to all matters outstanding as of the date of termination, the Owner shall furnish the Agent security, monies or bonds, satisfactory to the Agent, against any outstanding obligations or liabilities which the Agent may have incurred for the benefit of the Property under this Agreement.