Thursday, April 18, 2019

Welcome to Condo Manage


Management Planning & Strategies
• Board direction and administration 
• Expert advice and guidance 
• Ensure proper board operation and procedures 
• Annual insurance review 
• Maintain Association records

Maintenance & Grounds Supervision
• Emergency Response 
• Weekly documented inspections and compliance reviews 
• Preventative maintenance programs (if requested) 
• Maintenance recommendations & execution

Employees & Vendors
• Specify and bid vendor contracts 
• Screen vendors 
• Bid all contract services 
• Supervision of all services from commencement to completion 
• Track vendor insurance 
• Worker's Comp insurance compliance

 Financial Reporting
• Submit timely, accurate, computerized monthly/quarterly financial statement 
• Mail homeowner dues statements 
• Establish individual property operating bank account 
 • Option of Automatic draft of homeowners HOA dues 
• Coordination of all computerized dues collection 
• Enforce association collection policies 
• Receipt, approval and payment of all approved bills 
• Track all homeowner /vendor activities 
• Preparation of annual 1099 and W-2 requirements

Value Enhancement
• Significantly reduce operating costs through vendor/service contract re-negotiation 
• Evaluate and recommend ancillary income opportunities 
• Tenant Screening

Extended Services
• Construction supervision

Architectural Applications
• Assist Architectural committee with the Architectural process 
• Maintain an architectural log 
• Work with The Association's Architect.

Budget Preparation
The property manager reviews the budget annually and will prepare a proposed budget for the Board of Director's review and approval. The proposed budget is developed by reviewing the previous year's expenses, anticipating any new expenses for the upcoming year, and checking the reserve account. The property manager will meet with the Board to review and proposed budget and make any appropriate adjustments.