Dynasty Worldwide Management Services
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Dynasty Worldwide Management Services
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About
Staff
Services
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About Dynasty Worldwide Management Services

Our Services

1. Transition to New Management


  • Orderly Transfer of Records: Secure and documented transfer of all corporate records.
     
  • Resident Integration: Comprehensive introduction of residents to Dynasty Property Management Inc. operations.
     
  • Fund Transfer: Allocation of funds to designated reserve accounts.
     
  • Problem Resolution: Addressing and managing long-standing residential or physical site issues.
     

2. Collections

  • Monthly Statements: Preparation and delivery of monthly maintenance statements to shareholders.
     
  • Operational Reporting: Monthly operational reports sent to designated parties. Interim reports available upon request.
     

3. Payables

  • Invoice Payments: Timely payment of all approved invoices.
     
  • Payroll Services: Payroll processing and tax reporting handled by a dedicated third-party service.
     

4. Reporting

  • Client-Focused Reports: Customized monthly reports including rent roll, net income statements, expense summaries, and check registries.
     

5. Administrative Services

  • Budgeting: Assistance with budget preparation and financial analysis.
     
  • Purchasing Systems: Implementation of purchase and work order systems.
     
  • Policy Support: Support in developing administrative policies, procedures, and programs.
     
  • Sales/Subleases: Assistance with unit sales and sublease processing.
     
  • Board Coordination: Regular site visits and attendance at board meetings to ensure efficient property administration.
     

6. Physical Plant Management

  • Site Surveys: Complete property evaluations with detailed recommendations.
     
  • Preventative Maintenance: Custom programs for equipment, plumbing, heating systems, and more to maintain operational standards.
     
  • Budget Control: Purchase monitoring to ensure alignment with budget goals.
     

7. Contractors, Vendors, and Staff

  • Staff Management: Development of job descriptions, schedules, and accountability structures.
     
  • Vendor Evaluation: Regular review of contractor/vendor performance with recommendations for improvement and cost-efficiency.
     

8. Legal Services

  • In partnership with The Pearson Law Office, we offer:
     
    • Cooperative and condo board representation
       
    • Real estate transactions (purchase, sale, refinance)
       
    • Business entity formation
       
    • Litigation (business and real estate)
       
    • Landlord/tenant representation
       
    • Lease buyouts (rent-controlled/stabilized units)
       
  • In partnership with RC Realty Group of New York Inc., we provide:
     
    • Residential and commercial sales and leasing
       
    • Services for condominiums, cooperatives, and more
       

9. Closing Agent Services

  • Transfer Agent: Acting as closing/transfer agents for clients and customers who require this service.
     

10. Property Evaluation

  • Operational Review: Ongoing evaluation of building operations to recommend improvements.
     
  • Efficiency Focus: Dedicated to ensuring properties are run effectively, efficiently, and cost-consciously.

REPORTS

List of Reports Provided


Dynasty Property Management Inc. provides a comprehensive suite of reports designed to support transparency, accountability, and informed decision-making across all areas of property management. Our reporting capabilities are categorized as follows:


Financial Reports

We offer detailed financial reporting to support budget management, investment analysis, and operational efficiency:

  • Balance Sheet
     
  • Consolidated Balance Sheet
     
  • Budget vs. Actuals
     
  • General Ledger
     
  • Consolidated General Ledger
     
  • Income Statement
     
  • Consolidated Income Statement
     
  • Detailed Income Statement
     
  • Detailed Management Income Report
     
  • Rental Owner Ending Balances
     
  • Rental Owner Statement
     
  • Property Statement
     
  • Trial Balance
     
  • Consolidated Trial Balance
     
  • Vendor Ledger
     

Rental Reports

Our rental reports help track tenant activity, lease status, and property occupancy:

  • Current Tenants
     
  • Delinquent Tenants
     
  • Expiring Leases
     
  • Rent Payment History
     
  • Rent Roll
     
  • Tenant Notes
     
  • Tenant Statement
     
  • Unit Listings
     
  • Vacant Units
     

Association Reports

These reports provide insights into association owner activity and account status:

  • Current Association Owners
     
  • Delinquent Association Owners
     
  • Association Owner Notes
     
  • Association Owner Statement
     
  • Recurring Charges
     

Property Reports

Essential property-level reporting for monitoring transactions, utilities, and banking activity:

  • Event History
     
  • Late Fee Policy
     
  • Meter Readings
     
  • Payment Reminder Policy
     
  • Transaction Reports
     
  • Bank Transactions
     
  • Consolidated Bank Transactions
     
  • ePay Activity
     
  • Scheduled Electronic Funds Transfers (EFTs)
     
  • Check Details
     
  • Remote Check Printing Activity
     
  • Transaction Detail by Account
     
  • Unpaid Bills by Property
     
  • Unpaid Bills by Vendor
     

Compliance Reports

We provide compliance-focused reporting to ensure regulatory alignment and trust account oversight:

  • Trust Reconciliation
     
  • Bank Reconciliation
     
  • Bank Account Balance Breakdown
     

Task Reports

Task tracking reports ensure maintenance and management activities remain on schedule and transparent:

  • Completed Tasks
     
  • Open Tasks
     
  • Work Orders
     
  • Task Performance Reports
     

Administrative Reports

Administrative oversight is supported by audit tracking for accountability:

  • Audit Log

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