We divide the responsibilities up into three categories of expertise. Each aspect of the management is fine-tuned to be efficient and professional.
We feel the turnover period is one of the most important aspects of choosing a management company. This should start from DAY 1! Not 3-4 months in. We are extremely experienced in turnovers. Communication is key. Timeliness is a must.
No, we don't promise to do it with zero help. Association boards are integral in a proper transition. However, whether you are experienced or not, we are here to help, teach, and guide the boards through the transition period and make it a fun and rewarding experience.
New management delivering on broken promises is disparaging for the board of directors, or a developer. The choice should make all the owners (and those involved) feel comfortable and pleasantly relieved of the choice they have made, and that they are being taken care of, not "eventually", but immediately.
TURNOVERS. To master an easy turnover, you must be a master of accounting. Our transitions can have your property up and running, with homeowners making online payments, paying vendors, and even reporting financials possibly in just one week. We believe a strong start financially is key and sets the tone from day one. We believe the quicker all is set up, the quicker we can focus on the issues at hand. All turnovers go through a "checks and balance" to make sure from the point of transition forward is correct and accurate.
BUDGETS. Annual meeting preparations and yearly budgets start on October 1st, and are always on time for January 1st of each year. These are carefully thought out, and based on a three year history of the property, if records are available. If not they are carefully estimated, but not ignored. Contracts are looked at, insurance is reviewed, and reserves are estimated and checked against industry cost standards.
FINANCIALS. Because we keep the financial portion of the business up to date daily, full accurate financial reports are available after the first week of each month as soon as banks statements are received. These will never have to be "requested".
TAXES and PAYROLL. the are also done on a timely basis within all state and US guidelines.
Management at PMOF is proactive. We don't hide behind the scenes, avoid phone calls, ignore requests, fight with owners, and hang up on realtors. We provide a friendly helping attitude to every aspect of your property, and management responsibilities. We want all who contact us to enjoy the interaction so that we may make your property look professionally run and a fun place to be.
"... Physical plant, mechanical plant or industrial plant refers to the necessary infrastructure used in operation and maintenance of a given facility ..." . This is the heart and soul of your property and investment. We strive to use the best contractors for the property, who are licensed and insured. Whether it is a small fix or a large project. This insures quality and warrantied work that will last (and NOT be ignored). Our belief is to SPEND WISELY, and have the job done right. Regardless if we use your existing contractors, or bring in new ones for a stubborn issue, we will monitor, photograph, and document each project done on site, no matter how small! Each project will be evaluated along with the cost, and determine the LONG TERM monetary effect, and or savings, it will have on the property.