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Managing the Physical Assets of an HOA
A key component of management is making sure you have the right contractors and vendors working for you. Our experience and size assures the Association that they will have quality work completed at a reasonable price. The Association Manager's services include:
- Contracting for and supervising all services including, but not limited to, common area landscape maintenance, spray and fertilizer programs, street cleaning, snow plowing, fire hydrant inspection, exterior lighting, building component maintenance, etc.
- Regular inspections of the physical aspects of the development to assure that quality and service to homeowners is maintained.
- Schedule development for physical asset replacement, coupled with a reserve study showing the Board the financial resources that will be necessary in the future to maintain the quality of the project. Using this study, the Board can make informed decisions on how best to manage assessments for future improvements and replacements.
In addition to the financial reports, our clients receive:
- A summary of reserve balances with supporting statements from financial institutions;
- A letter reviewing any unusual or higher-than-normal operating expenses or budget variances and information about any item the Board should or would like know;
- A package of all the original invoices paid in the previous month.
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