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Our
Services are Structured Specifically to Meet
the Needs of
Your Association.
ACM’s services can be structured specifically to meet the
needs of your association by offering two different levels of service. Our "full community management service" contract includes accounting, property management, community management, administrative and architectural services. Our "accounting and administrative service" contract includes accounting, administrative and architectural services. Descriptions for each service we provide are as follows:
Accounting
- Coordinating
and processing association assessments and payments.
- Reconciling
association bank accounts each month.
- Preparing detailed
monthly financial statements and reports.
- Processing and
payment of all board approved invoices.
- Maintaining association
financial records.
- Preparing monthly delinquency report
for owners in assessment arrears.
- Coordinating association’s
annual audit.
- Liaison with mortgage lenders to provide financial
status of the association and/or specific owners involved
in sale of a unit.
- Implementing investment strategies and
providing various options based on research.
- Pursuing delinquent
accounts via phone calls, emails, and fines.
- Coordinating
with association’s legal counsel on collection issues and
processing of liens to secure debts owed to the association.
- Drafting, sending, and maintaining records of delinquency
letters to owners in assessment arrears.
Property Management
- Upon board request to the community manager, providing quotes
on behalf of ACM’s maintenance department and coordinating
these jobs once approved.
- Coordinating 24 hour emergency
response repairs with maintenance personnel.
- Handling sub-contractor
bid process for associations and ensuring quotes meet their
specific scopes.
- Coordination of board approved jobs with
on-site sub-contractors.
- Performing periodic on-site inspections/walkthroughs
of properties and submitting reports to community managers.
- Performing specific on-site project management needs for
associations (typically, this would only be needed for large
scale projects--hourly rates as stated in ACM’s contract apply).
- Submitting bids to the board from ACM maintenance and/or sub-contractors for approval.
Community Management
- Liaison between Board of Directors
and owners.
- Working with the board on training information
for new owners, board members, and committees.
- Sharing with
board members various forms, programs, policies, and procedures
that have proved effective through our experience.
- Attending
regular, special, and annual board meetings.
- Submitting the monthly management report.
- Reviewing monthly financials prepared by accounting and
providing overview/comments to be submitted with the management
report.
- Communicating by-laws, declarations, and/or covenants
to owners.
- Maintaining and documenting current contracts in place and all association records.
- Coding association approved invoices and
forwarding to accounting for processing.
- In-depth knowledge
of association documents and current state/local laws that
may supersede these.
- In-depth knowledge of insurance policies,
deductibles, and claim process for dealing with property damage
and/or losses incurred by the association.
- Processing work
orders and ensuring of proper completion.
- Hiring and supervision
of on-site staff required for the association, if applicable.
- Inputting all informational updates on the community website
until interim training/transition period is completed with
the board.
- In conjunction with accounting, preparing the
annual operating budget for the board’s review and approval.
- Assisting the architectural committee with periodic inspections of the property.
Administrative/Architectural
- Preparing resale packages and "welcome letters" for new homeowners.
- Handling day-to-day inquiries from unit owners (verbal and written) and recording pertinent correspondence.
- Communicating by-laws, declarations, and/or covenants to owners.
- Inputting all informational updates on the community website until interim training/transition period is completed with the board.
- Sharing with board members various forms, programs, policies, and procedures that have proved effective through our experience.
- Receive, track and maintain maintenance requests.
- Responding to homeowner inquiries and correspondence
relating to architectural requests and covenant violation
issues.
- Drafting, sending, and maintaining records of violation notices to owners.
- Submitting, tracking and maintaining architectural requests and records.
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