| Association Management Services |
- Collect all association fees and special assessments.
- Send letters or notices to delinquent homeowners.
- Place liens on properties when necessary as directed by the Board of Directors.
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Write letters to individual homeowners for maintenance or infractions a provide by the CC & R’s, rules and regulations.
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Supply delinquency list, financial reports, forthcoming agenda, etc., to the Board of Directors prior to monthly meeting.
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Prepare an annual budget for the Budget Committee to review and approve or assist Budget Committee in its preparation.
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Furnish the Board of Directors with fiscal year’s financial information of income and expense statements and forward same to tax accountant for preparation of annual tax return.
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Bi-monthly physical inspections and analysis of the property and operations to insure efficiency and control of expenses.
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Monitor performance of property vendors and maintenance contractors. Recommend changes and solicit bids for alternate service as needed.
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Hire and supervise all personnel necessary for the efficient operation of the property and arrange for and make necessary contracts with utility companies.
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Review all existing insurance policies in respect to the general operation of the project to insure proper and adequate coverage. Work closely with the Board of Directors in the handling of all claims that relate to the association’s insurance policy.
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Deposit all reserve funds into a specific FDIC insured state or national bank account for future expenditures as directed by the Board of Directors.
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Property Manager will be covered by a fidelity bond and errors and omissions insurance for the protection of the homeowners association.
- Attend Board of Directors meetings, annual meeting and special meetings
- Property Management fees will be deducted from funds at the end of each and every month.
- Taking of monthly minutes is not included. However, should you desire this service, it may be provided at an additional fee.
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