Question: What does the management company do?
Answer: A professional management company is contracted by the Board of Directors to properly maintain the Common Areas and conduct the business affairs of the Association. A management company provides services such as: collection of assessments, supervision of subcontractors, obtaining bids for subcontracted services, providing financial statements and collection reports, as well as a general clearing house for problem solving, communications with owners and the Board of Directors and to serve in an advisor capacity. The management company reports directly to the Board and all decisions are made by a majority vote of the Board of Directors. See the “Our Services” portion of the www.alliancemgnt.com website for a more comprehensive listing of services management companies provide. Note that services provided depend on the individual agreements between a community association management company and the client association.
|
|