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Etheridge Property Management
Ever wonder what a professional association management company can do for you? Below are some of the benefits of hiring a management company for your association:
Covenants & Restrictions
1) Inspect lots, homes, units, etc.
2) Research and enforce the Association’s Article of Incorporation, Covenants and Restrictions, By-Laws and Rules and Regulations fairly and consistently.
Accounts Receivable
1) Bill annual association fees.
2) Collect
3) Deposits
4) Record
5) Notify delinquent accounts
6) Notification and filing liens
Accounts Payable
1) Pay bills
2) Maintain records
Accounting (General Ledger)
1) Transaction register
2) Detailed trial balance
3) Balance sheet
4) Income statement
5) Accounts Receivable Report
Owner’s Records
1) Update owners’ records periodically
2) Provide pertinent information to mortgage companies, real estate agents and insurance agents
Meetings
1) Attend board meetings
2) Attend annual membership meetings
3) Prepare paperwork for meetings
4) Take meeting minutes
Maintenance
1) Supervise common area maintenance
2) Supervise all lawn maintenance for association (if applicable)
3) Visually inspect the site to insure all common areas are maintained. Inspect and insure
maintenance for all common mechanical and plumbing systems, buildings and all common
improvements.
4) Receive by phone or written, request for common area maintenance have repair done in a timely
manner
Correspondence
1) Provide communication to and record from:
- homeowners
- board members
- closing agents
- title companies
- lending institutions
- insurance companies
- governmental authorities
- other related entities
Insurance
1) Maintain proper insurance policies including General Liability and Directors and Officers Liability
Contracts
1) Review and enforce existing contracts, re-bid as necessary