We know Associations. We have learned what services are expected to be included in Full Service Management. We have found that communities don't want to be nickel and dimed, so to speak, so we build our pricing based on including as much as we can within the monthly management fee. We attend meetings and give advice to our Boards based on many years of experience. Here's a list of some things we find Boards often want to discuss or had issues with in their communities before coming to us:
- Reserves - Utah law requires a full reserve study be done every six years and an update done in between, at the three year mark. We believe that funding the reserves at the minimum recommended level or higher is crucial. Properly funding reserves leads to a properly maintained community with better marketability and higher values.
- Proper Accounting Practices - we do a modified accrual accounting system to accurately portray the financial situation of Associations at any given time. We pay invoices multiple times a week, ensuring vendors are paid in a timely manner. Financial reports are created & shared monthly to ensure transparency.
- Vendor Management - we believe in finding the service providers that best align with your desires for quality and pricing. Some communities demand the best of the best landscape maintenance, and are willing to pay for it. Others want a reasonable quality for a great price. We work with countless vendors that offer a wide array of quality and price points.
- Full-Service - not every client needs every service we do, so when we meet with potential new clients we like to discuss the unique needs of their community. Some Boards prefer to do inspections themselves. Others want more frequent inspections. Some want monthly meetings. Others want quarterly or even just annual meetings. We work with Boards to determine what services their community needs and build our pricing based on the expected workload. We want our clients to get what they pay for and not pay for what they don't need.
- Property Management vs. Community Management - many consider managing rental units and community associations to be property management. The truth is those two things are very different from each other. Unfortunately for our industry, this confusion leads to communities choosing management companies that just aren't what they expected. Choose a company that specializes in community management, not property management. There's a big difference!