Mann Properties has been a leader in community management since 1973, managing all varieties of condominiums and homeowners associations from small 4 unit properties to large properties with hundreds of units. Our managers are trained to take a hands-on approach to management with regular building inspections, frequent Board Meetings and prompt response times which produces clean, safe and well-maintained buildings. This makes for an aesthetically pleasing property for all Owners and renters, promoting repeat renters for those Owners that chose to rent.
As a well maintained building is very important, a financially sound building is even more important. Mann Properties provides full book keeping services, assists in budget preparation and can provide your Board of Directors with the tools necessary to run a building that is prepared for long term capital expenses and is aggressive in collecting assessments to make your property appealing to prospective buyers and lenders. If your building is constantly special assessing to cover expenses and repairs, prospective buyers will have a hard time finding financing. Mann Properties trains its managers to be knowledgeable of Fannie Mae and Freddie Mac lending requirements and to aggressively bid out insurance, which is typically 50% of the Association’s annual operating budget.
The key to a successful management partnership with a Condominium or Homeowners Association is keeping up with both building maintenance and financial management. Mann Properties has proven success with new buildings just being turned over by the developer, healthy buildings just looking to smoothly operate and buildings that are in poor shape both financially and aesthetically and need to take immediate action. The elected Board of Directors has a fiduciary responsibility to work with Management and act on the best interest of the Association. Mann Properties has demonstrated time again its ability make a building a success.
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.
With over 150 years of combined experience in the Ocean City and surrounding areas, no one knows better how to protect your investment!