Management companies provide a wide array of services to assist the Board and the association in managing the business affairs and common area. A general overview includes:
- Management Expertise - The management company advises the board on management techniques that will provide both efficiency and economy to the association’s operations.
- Financial Reports - Comprehensive monthly accounting of all financial activity of the association including all revenue, expenditures and delinquent accounts.
- Budget Preparation - Assists the Board of Directors in annual budget preparation through detailed analysis of previous fiscal years' activities and anticipated cost increases and/or special projects.
- Customer Service - The manager accepts owner requests and processes them according to their nature such as bookkeeping, general information, maintenance and rules complaint.
- Emergency Service - Provides 24 hour after-hours response for maintenance emergencies that threaten life or property.
Correspondence to the Board is received through the Management Company and responded to according to urgency: emergencies are dealt with as soon as possible and non-emergencies are dealt with either by the property manager or at regular scheduled Board Meetings.
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