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[faq]
[home]
What
kinds of cost savings can be realized?
On average a $20.00 per door saving is realized.
The condo corporation can save money by not having to
pay the total costs associated with having a full service property management
company manage the property in which a per " door" charge is applied. This
would be an average cost of $25 to $45 per "door". The savings of self management
can save the condo corporation as much as 50% or more. This savings can the
be applied to increasing Reserve Funds, Saving on individual condo fees or
investing in further enhancements to their shared property. The price including
a monthly fee ("door" fee) is a fraction of the cost of "full" management.
What kind of services is included self directed management?
All the services you require are included. Our systemized approach streamlines
the needs of smaller and centered boards.
Services include overseeing maintenance, site visits,
meeting facilitation of select meetings, administration, emergency monitoring,
coordination of contractors and a complete guide to working as a self directed
management corporation.
Can we pick and choose the various services we require?
Yes.
After completing a needs assessment with the Condominium
Management Professional a package is recommended to fit the needs identified.
Each package includes a selection of specific services most required and the
package is delivered for one monthly fee.
What about financial management and accounting?
Although simple book keeping and organization can be made part of the administration,
full accounting and financial statements are better left for individuals who
have the specific experience. We can assist you in finding the best resource
for your board by recommending companies that specify in accounting services.
What is the difference between self-directed management verses the traditional
property management services?
Nothing
How does the role of the condominium corporation change when they are self
managed?
It doesn't.
What role does the self management condominium management professional take
with the board?
What can we expect in relation to the Annual General Meeting?
Is there self management tools and resources you offer that would allow us
to be completely independent as a condominium corporation board?
How do we identify if self directed management is a good fit for our condominium
board?
Are you tied into a contract or can you work month to month?
How large of a condominium board is required for self directed management?
Is there a minimum or maximum property size that is a good fit for self directed
management?
Yes, smaller sized units (4 to 30) realize the greatest benefits from self
management. We believe in creating the right fit for any managed property
and larger condominiums more often than not, require services we do not feel
justified in charging for. That said, if there is a unity and commitment from
any board we would certainly assess and propose given the opportunity.
We are a 6 unit complex, what kind of services can you offer us?