Is your association being properly managed?
Take a look at the checklist below it lists all the things that should be happening if your condominium is well-managed.
Yes
No
Do you get monthly or quarterly
financial report and bank statements?
Do all unit owners receive a year-end
summary of income and expenses?
Does your management company prepare
an annual budget?
Do they offer a Reserve Study Budget?
Does management enforce collection
of condo fees from all owners?
Do you have the option to pay condo fees
online or by automatic transfer?
Does your management company enforce
your rules and regulations?
Does management have an explicit understanding
of the Condo By-laws and Master Deed?
Do you have online access to condominium
files and documents?
Does management issue an insurance
analysis and place bids?
Do you receive reasonable and fast
response to phone calls and e-mails?
Do you get courteous responses from
management company employees?
Does your management company attend
meetings?
Do you get 24/7 emergency services?
Does management facilitate bidding
and supervision of capital projects?
Does management supervise Capital,
Project and Routine maintenance?
Does your association have a preventative
maintenance program?
Does management do periodic inspections
of fire safety equipment?
Are there scheduled routine maintenance
checks?
If your condominium management is not providing most or all of these services, you may want to consider switching management companies. For more information or to receive a quote, contact us now.