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WHAT MAKES US UNIQUE
Managing your individual property isn't only about daily building operations and association bookkeeping. It's about focusing on the bigger picture. Our integrated team approach evaluates each property and association's requirement for peak operating efficiencies, and maximum ownership values. Your property is more than a single unit or building, it's an investment in the entire business center.
At each property we manage, tomorrow's problems are foreseen, and tackled today. Whether pending snow is removed in a timely manner, or dealing with parking abuse, to citing and enforcing association policies, we are involved on a daily basis to address, and correct problems. Cost-efficiencies, sound policy and the professional settings are crucial aspects of our management methodology. We alleviate frustration and concern so each and every business can enjoy their full benefit of ownership.
Our business is minding your property management needs every day. Minimizing annual dues is achieved through our competitive vendor services shopping, contract negotiation, optimal communications and site inspections for work performed before settling the association's bill. Working with the Board to set sound fiscal policy, we keep long-term investment stability in sharp focus now and for the future. Providing computerized monthly, quarterly and annual financial summaries, we keep each association abreast of their financial situation. Researching the business needs of each Association, we evaluate, recommend and incite sound operational and fiscal policies. Recognizing the impact a professional setting has on visiting customers and property values, we pay attention to detail to achieve the right first impression.
We look forward to demonstrating our motto, "Our business is minding your property management needs today and for tomorrow."
Frequently Asked Questions
General:
Is your current Management really full service?
Are they charging full price while providing less than full service?
Does your Management have a long-standing strong local presence that can provide your association value-added market services?
Are you paying more than 34% of your total operating budget for Management?
When did you last review your property management contract?
Maintenance:
Is your current Management proactively operating your Business Park, or crisis managing each occurrence?
Do your common element areas present a professional and orderly business park?
Do you have effective Operations Standards & enforceable policies for your association members to adhere?
Do you experience problems with trash pick-up, snow removal, or unkempt landscape?
Annual operating budget (your monthly dues expense)
Does your Managing Agent have a limited administrative expense schedule, or can they surcharge on an unlimited basis?
Do your utility expenses contain cost spikes that indicate circuiting and/or usage problems?
Have your vendor contracts been renegotiated or shopped within the last year for the most competitive rate?
Do you have an effective accounts receivable policy that ensures timely dues payments?
Communications:
Does your Managing Agent maintain regular consistent communication with all Board members and unit owners? Is there room for improvement?
Do you have a complete and accurate contact list for all owners and/or tenants?
Insurance:
Is your insurance bundled into a cost effective package policy?
Are you adequately insured for actual building replacement costs?
Does your Board of Directors have liability coverage independent of the association policy?
Does your Managing Agent provide Fidelity Bonding to protect against fraudulent or criminal activity?
Does your Managing Agent have an established company policy and procedures to safe guard the association's funds?
Do checks in excess of capped funds require additional signatures?
Affect long-term investment value:
Is your current Management maximizing the future value of your property investment?
Are your Capital Reserves sufficient to avoid unexpected future assessments or loans?
When you're ready to sell your investment, will your prospective purchaser see a professional park attended by a sound fiscal policy, or will they see unkempt common areas, and face escalating assessments? Will they be encouraged by what they see and buy, or look elsewhere?
To discuss these questions in more detail, or for more information about our Professional Management Services, contact Ginnie Castaneda 703 996-0444 ext. 119 or gcastaneda@cgrcm.com.
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