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luie1177



Posts : 137
Position Held : CEO/Founder

Character sheet
timely rent payments.:
10/10  (10/10)
maintaining the property:
1/1  (1/1)

20110723
Post1st ever quarterly report

Good Faith Property Management will be conducting a quarterly blog report posting on July 27, 2011. The agenda; recent news, financial standings, the state of the company.
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1st ever quarterly report :: Comments

Re: 1st ever quarterly report
Post on Thu Jul 28, 2011 12:48 am by luie1177
Recent News: After several attempts to negotiate closing of the contract it looks like Mr Brian Nelsons's Astria Condominium association is still under review but due to the lack of contact with Mr Nelson it doesn't seem likely that we will be servicing the HCA's needs. Same with owner prospect Veronica in south Florida who Chloe spoke to in ongoing phone conversations. The potential for lead prospecting has increased over %50 during the last quarter as measured by allpropertymanagement.com we do not currently have prospects in the pipe line.

Financial standing: We have experienced a unexpected recall of credit from our credit provider of more then %50 of available credit line, and for the past quarter there hasn't been any explicit revenue. Our duplex property revenue has increased due to a new occupant for the past quarter. Our cash positions are increasingly depleting due to the pull back in credit.

State of the Company: Because of last quarter's results management will be conducting across the board cuts in payroll. A manageable budget should be introduced soon and is to take affect immediately as we being this current quarter Good Faith Property Management is still determined to become a publicly traded company even if it's at a more humble beginning.

Thank you for your review.
 

1st ever quarterly report

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