Willis & Company manages approximately 1.5 million square feet of space, consisting mainly of first class R&D buildings. They manage a number of Class A office buildings, retail centers, warehouses, medical office buildings, and specialty buildings in eleven different cities in the San Francisco Bay Area. Their offices are located in Portola Valley, in the heart of the Bay Area.

Willis & Company provides "full service" property management services for our clients. We administer leases and collect rents. We ensure that the tenants, for the proper coverages, provide all insurance certificates. We would contract, in your name, for all work to be provided at your properties by the various vendors. We approve invoices and pay bills in accordance with annual budgets prepared by us and approved by you.

We perform onsite visits once a week and monitor the services performed by the various contractors. By completing weekly property inspections, we can ensure that the quality of service provided by these contractors meets our standards, as well as yours.

We prepare an annual budget for your approval. This budget will be used as our guideline for controlling expenses throughout the year.

We feel that getting to know your tenants and establishing a friendly and cordial relationship with them is important in retaining tenants in your buildings. We develop and maintain a positive relationship with them and, at the same time, ensure that the terms of the leases are administered properly. Additionally, the president of our company, J. Eric Willis, has had a California Real Estate Broker's License since 1986, and our company could be fully involved in renewing all of the leases of your existing tenants and could also assist you with the leasing of any vacancies. We would be more than happy to prepare all lease amendments and lease agreements for you as part of our services, at no additional cost.

Each month, you would receive a management letter from us, addressing any significant variances from the approved budget relating to income and expenses, the physical condition of the property, any leasing activity, and any other significant activity at the property. Accompanying the letter would be a complete financial statement setting forth the expenses for the month and year-to-date journal entries, all deposits, a complete check register, delinquency report, general ledger and all other accounting information your CPA would need to prepare tax returns. The financial reports would not contain balance sheet information, unless you would like us to track this information, as provided by your CPA. Additionally, we would provide you with a tenant summary for the project, tracking rent increase dates, insurance expiration dates, lease expiration dates, and any options or right of first refusal the tenant may have.

We are prepared to take responsibility for bidding and obtaining your general liability insurance. We would obtain bids early enough for you to review them and make a decision prior to the end of the insurance year. Since we would be able to add your association to our insurance pool, we may be able to lower your insurance rates.

Thank you for your interest in our company. Please contact Eric Willis if you have any questions regarding our property managment services.