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Community
Association Management
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The transition from
developer to owner control in a master-planned community gives the
Community
Association the independence to govern, maintain and direct future projects
for the overall good of all owners and residents.
Mann Properties has assisted developer and owners make this transition
smoothly and professionally benefiting all involved.
Mann Properties has the experience and personal service to meet the needs of
your community association |
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Provide on-site
property inspections of the common area and provide written reports of same,
including recommendations for repair needs and maintenance.
Maintain a key inventory of all units for emergency access.
Provide 24-hour emergency answering service.
Assist owners in coordinating contractor visits.
Maintain the business records of the association in compliance with all
known laws.
Solicit, review, and recommend proposals for services needed by the
association.
Keep the ownership informed in a timely fashion of all related association
business.
Keep the Board informed of all local government regulations affecting the
association.
Provide re-sale certificates and re-financing questionnaires for the owners
for a fee.
Mediate disputes between owners when common areas are involved.
Monitor performance of all yearly operating contracts of the association.
Assist owners in obtaining insurance certification certificates.
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Provide acceptable
financial management for the association.
Keep the financial records of the association in an approved manner.
Assist in the preparation of a yearly budget recommendation.
Provide the Board with a quarterly cash flow analysis and a listing of
accounts receivable.
Assist in preparing a reserve analysis.
Bill and collect owner assessments, including the collection of delinquent
accounts.
Coordinate legal collections when necessary.
Pay all bills of the association within Board established guidelines.
Assist the Board in obtaining a yearly financial review by an independent
CPA.
An estimated 50 million
Americans live in association-governed communities. Some 1.25 million people
serve on community association boards, with another 300,000-plus serving as
committee members.
About 6,000 to 8,000 new community associations are formed every year. This
includes condominiums, cooperatives and planned communities.
It is estimated that more than four in five housing starts during the past
5-8 years have been built as part of an association-governed community. The
estimated real estate value of the homes in all community associations is
about $2 trillion, approximately 15 percent of the value of all U.S.
residential real estate.
Estimated annual operating revenue for U.S. community associations is $30 to
$35 billion.
Community associations have become increasingly popular because they help
protect home values, provide affordable ownership opportunities, help meet
the increased privatization of services as local governments cut back, and
are efficient land planning, land use and land conservation techniques.
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Mann
Properties-managed Communities with Websites |
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| Founder and President of Mann Properties is Buck Mann. |
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