Financial Management

• Assistance in preparing annual operating and capital budgets and tracking performance against budget in monthly financial reports.
• Collection and deposit of condominium and homeowners fees and special assessments.
• Payment of operating expenses for utilities, cleaning, maintenance and other routine items.
• Payment of capital expenditures for replacements, additions and major repairs.
• Managing and reconciling bank and investment accounts for operating funds and reserves.

Administration

• Assistance in obtaining insurance and renewals.
• Assistance in arranging financing of large capital expenditures which exceed reserves as an alternative to special assessments.
• Attendance at the unit owners’ annual meeting and any trustees’ meetings at which attendance might be helpful.

Property Services

• Assistance in contracting for routine services such as cleaning and landscaping.
• Assistance in contracting with utilities and granting access for meter readings, repairs or replacements.
• Advice concerning property repairs, maintenance, renovations and larger projects, contracting for their performance and monitoring their progress and completion.
• Holding a duplicate set of keys to the property in an anonymous, numbered key system.