Condo management service is an umbrella term that encompasses the many tasks that are performed by a condominium property manager on behalf of a condominium association. These include collecting and disbursing condo fees, responding to complaints, arranging maintenance and repair work and handling condo insurance issues.
They also help to manage the finances of the condo and are able to provide the board with financial statements and reports. In addition, they ensure that CC&R violations are taken care of and that the community remains in good condition at all times. The right company should be a professional and committed team that can carry out the duties of a condo property manager. The team should have an understanding that each condo association is unique and needs a tailored approach to ensure their individual needs are met. These companies should be fully licensed and insured, and be accredited by the Canadian Institute of Real Estate. They should be able to provide the condo board with regular reporting and have an on-site representative who can be contacted during office hours to address any issues or questions. A condominium manager company should also be able to help the board with staffing issues and offer support for other crucial aspects of running the condo association, including purchasing, accounting, drafting contracts, and maintaining records. The best condo management service providers have a dedicated team that handles all of these tasks and more, so they can be relied on to do their job well. In addition, the condo management service provider should be able to provide homeowners with top-notch technology solutions and services that save them time and money. This should include a full suite of property management software tools, which allow owners to track their finances and property, communicate with their community, and get answers to their questions within seconds. They should be able to integrate with popular rental listing sites such as Zillow, Hotpads and Zumper to bring in more potential renters. This will reduce vacancy times and costs for homeowners. These companies can also help to manage condo construction projects, such as repairing or replacing roofs and facades, garages, elevators, HVAC systems, and fire alarms. They should be able to handle the process from beginning to end, sending requests for proposals or RFPs, coordinating with contractors, and communicating with owners. The right condo property management company should be able to provide owners with a variety of value-added services, such as insurance and financial products, top-notch tech solutions, proprietary engineering services with significant savings in overall costs, and a round-the-clock dedicated customer care center for fast and precise answers to residents' questions. This will help to enhance the general appeal of your condo, maximize its property values, contain operational expenses, and extend the life of your condo assets. In addition, these services will increase your community’s reputation and make it more desirable for potential buyers to live there. AKAM has nearly 40 years of experience in condo management, and they currently take care of over 52,000 units across the country. They are widely recognized for their high level of service and professionalism, and they can be trusted to keep your condo community in great shape. To know more about condo, visit this website at http://travel.cnn.com/shanghai/life/pay-less-better-shanghai-apartment-847307/.
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