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4030 Lansing Ave. • Jackson, MI 49202

Condo Management

147885_4_e2616211cTransition Services-Ensure a smooth transition of:

  • Transfer appropriate files and records
  • “Introduction Letter” to each Co-owner of the association
  • Notify all vendors and service and maintenance contractors, utility companies, insurance agents, etc.
  • Become familiar with operating procedures, maintenance schedules and contracts and the physical property itself

920633.p1017605Property Management

  • 24/7 on call maintenance and work order system for repairs
  • Ensure compliance with bylaw rules and regulations
  • Property and liability insurance coverage for adequate protection
  • Preventative maintenance program (with board direction)
  • Capital project planning, bids, and projects as necessary (with board direction)
  • Vendor relations for grounds maintenance (direction, coordination, pricing, on-site inspection of work, etc.)
  • Any other maintenance work the association is responsible for, as needed

929881.p1017603Financial Services

  • Annual Operating Budget-development and management
  • Capital Budget –development, monitoring and reporting
  • Fiduciary duties to membership, including investing reserves in interest bearing accounts
  • Accounts Receivable- Collection of monthly (and any special) Co-owner assessments, including handling any delinquent accounts
  • Accounts Payable- disburse funds to pay service vendors, utilities, insurance, etc
  • Monthly Financial Reporting-Balance sheets, Bank reconciliations, Operating Reports: budget vs actual expenses,
  • Co-owner assessment status report, etc.
  • Assist Treasurer/Accountant in annual tax returns

Relationships with Board and Co-owners

  • Open line of communication as necessary
  • By-law compliance- handle violations
  • Assist in development of any modifications to the bylaws
  • Attend board meetings- 6/year
  • Annual Association Meeting
  • Send out mailings as necessary-updates on projects, compliance issues, financials, etc.