Acquisition Checklist Task List for KMP

ACQUISITION CHECKLIST – TASK LIST FOR CORNERSTONE MANAGED PROPERTIES

Property Name/LLC Name: ______

Property Address:______

City/State/Zip Code:______

Phone Number:______Closing Date: ______

Seller Name: ______Phone: ______Contact: ______

Property Manager: ______Maintenance Supervisor: ______

Accounting/Finance

Tax ID Number: ______Bank Name/Address & Phone: ______

Checking Account Number: ______

Tax Abatement______

Check Reader Set Up ______

Credit Cards

Name: ______SS# ______

Notes: ______

Rent Checks Payable: ______

Deposit Slips

Petty Cash:Amount ______

Received Stamp

Vendor Package

Vending Contracts: ______

CellTower Revenue

Satellite Company: ______Phone: ______

Financial History (income statement and balance sheet) for Each of the Last 12 Months

Rent Rolls Report for Each of the Past Twelve Months

Bank Statements for the Past Twelve Months

OneSite! and Other Technology

OneSite! Data – Completed by Property Manager in Electronic Form 30 days Prior to Close (list/excel/comma separated/database) a pdf File Will Not Suffice

List of all the different unit types including description, square footage and rent amount
Rent Roll with ALL lease charges
Tenant First Name
Tenant Last Name
Address Line 1
Address Line 2
Phone Number

City, State and Zip Code
Rent Amount
Security Deposit

Other Deposits (pool/key/garage opener)
Move In Date
Lease From Date
Lease To Date
Due the Day of Closing:
Aged Receivables by charge code..(was it for, rent, late, legal etc.)
resident ledgers for at least 6 months (payments and charges)
ending rent rolls

activity report of changes from the rent roll above ending rent

OneSite! Setup – including Rent Roll Transfer

Software System: ______

E-Mail Accounts and Passwords

______

OneSite! Access:Property Code: ______

Employee Name Level/Type of Access Password

______

Cell Phones Employee Name # of Minutes

______

# of Computers Needed:______

Cameras Quote: ______Install Date:______

Computers and laptops

Human Resources

Employee Analysis

Employee Question and Answer Letter

Payroll and Bonus Structure

Health Insurance – Effective Date: ______

Insurance/Workman’s Compensation # of Employees ______

Transfer Automobiles and Title Insurance

Insure New Drivers: ______

______

New Hire Packages

Employee Pay Plans

Drug Testing Facility: ______Phone: ______

Employee Lease Addendums

Employees Live On-Site:Name Suite# Retaining?

______

Utilities

Gas Transfer______

Electric Transfer______

Water & Sewer Transfer______

Garbage Contract______

Transfer Cable Contracts______

Cable Company Revenue Contract______Comped Employees:______

Transfer Phone Numbers: ______

Transfer Phone Answering Service Company: ______Phone: ______

Operations

DHL Customer # ______

Cornerstone Managed Properties Policy and Procedures

Eviction Attorney Name: ______Phone: ______

Section 8

CBC SetupIP Address: ______

City Occupancy Permits

City Contacts: NamePhone

______

Police Department Contact: ______Phone: ______

Property Insurance:

Carrier: ______Contact Name: ______

Phone: ______Price Per Unit: ______

Training Dates

Policy & Procedures______

OneSite!______

Sales Training______

Maintenance Policy Letter

Sure Deposit Account # ______

Office Supply Order Form (Attached)

Resident Welcome Letter

Model Suites:Address: ______Suite #: ______

______

Marketing and Sales

Leasing Issues: ______

Uniforms Sizes (attach order form)

Flags # ______

Signs ______

Rugs # ______

Cornerstone Managed Properties Advertising Binder

Marketing Contracts: ______

______

News and Radio Stations: ______

______

College and Universities: ______

______

Maintenance

Elevator Contracts: ______

Entry System: ______

Current On Call: ______Phone: ______

Key System for property and garages

Dumpsters:______Vendor: ______

Pool Maintenance and Lifeguard: ______

Landscaping Vendor: ______Phone: ______

Snowplowing Vendor: ______Phone: ______

Pest Control: ______Phone: ______

Fire and/or Alarm Service Vendor Name: ______Phone: ______

Cleaning Contract Vendor: ______Phone: ______

Trade Suites: ______

______

Laundry

Laundry Contracts: ______Phone: ______# Washers: ______# Dryers: ______

Equipment

Copier

Direct Connect (walkie-talkies on site)

Postage Meter

Golf Carts Ordered- # of Carts ______Delivery Date: ______

Company Vehicles: ______

Renovations

Corporate Suite ______Address: ______

Date for Occupancy: ______

Order Cable: ______

Furniture Company: ______Phone: ______Delivery Date: ______

Renovations

Vacants______Make Ready______

Extreme______Renovated______

Paint Color: ______Accent Wall Color: ______

Ceramic Tile Sku: ______

Grout Color: ______

Carpet Color: ______

Extreme Makeover

1.New Black Appliances

2.Adding Dishwashers

3.New Cabinets & Countertops

4.New Bathrooms

5.Ceramic Tile – bathroom, kitchen and dining area

6.New Carpet

7.Customer Paint (Accent Wall)

8.______

9.______

10.______

Continued Renovations:Company Name Contact Phone

Carpet______

Appliances______

______

Tile______

Painter______

General Contractor______

______

Pricing

Pricing

Suite Type Extreme Renovated Make Ready

______

cc:CEO, President, Vice President, CFO, Director of Operations, Director of Marketing, Director of Sales, Property Manager. **Please fill in your information and return to Barb Spencer three days after closing. Attached: Office Supply Form, Uniform Order Form, OneSite! Form.