Property management companies play a key role in helping condo associations with routine maintenance tasks, capital improvements, and keeping condo fees low for unit owners. By using an established property management company, condo associations can benefit from their resources and expertise. The following is an overview of property management services for condo associations in MA.
Day to day operations can be extremely time consuming. Most condo trustees are volunteers and have other responsibilities beyond that related to the condo association. Thus, property management services can make a huge difference.
Property management services for condo associations in MA often include assistance with routine operational tasks such as:
- Snow Removal
- Pest Control
- Upkeep of Common Areas
- Vendor Selection and Oversight
- Obtaining Quotes and Completing Repairs
- Property Inspection and Repair Suggestions
- Oversight of Capital Projects
- Emergency Response
- Insurance Management
- Communication with Trustees and/or Residents
The financial aspect of property management services is equally important to operations. By understanding the financials, property management companies can help condo association reduce expenses and identify other ways to keep condo fees low. Financial responsibilities often include:
- Condo Fee Collection
- Vendor Payments
- Bookkeeping & Accounting
- Financial Reporting
- Project Management
Other Value-Added Property Management Services for Condo Associations in MA
Every property is unique, as is every condo association. Thus, one size doesn’t necessarily fit all when it comes to property management services for condo associations. At S&B Property Management, we take the time to understand the specific needs or your condo association and to provide a custom property management package to fulfill those needs. Get started by scheduling a consultation with our team.