FMD Property Management is highly experienced in managing the administrative details of a property. Among our many services are:
Coordination of developer/board policies and procedures, including establishment of rules and regulations governing the development. Additionally, we provide continuing guidance in operation of the association.
Review and maintenance of insurances: property and liability, director's and officer's.
Consultation with attorneys on all legal matters of concern to the development.
Organization of monthly and annual meetings with the developer/Board of Directors.
Administration of all correspondence to residents.
Financial and Accounting
Maintaining financial stability is crucial to the success of your development. Our experienced financial staff, utiliziing sophisticated data processing equipment and software, expertly provide the following services:
Develop, implement and monitor the annual operating budget and fee schedule.
Issue monthly financial statements which include statement of operations, summary of cash transactions and the statement of resident status.
Complete financial analysis, which allows for early detection of potential problems and assures profitability.
Collect, process and deposit monthly association dues.
Implement arrearage collections.
Maintain and fund necessary reserve accounts.
Establish and maintain checking and savings accounts.
Maintenance
Property maintenance is definitely a time consumming endeavor. Tasks include personnel responsibilities, resident maintenance requests and property repairs.
FMD Property Management Co., will coordinate all maintenance duties associated with your development. We will:
Hire, train and supervise on-site staff; negotiate contracts; set performance standards.
Provide specifications and approve all necessary contracts for repair work, lawn maintenance, snow removal, purchase orders, etc.
Perform preventative maintenance inspections to hold costs to a minimum and increase property values.
