MANAGEMENT APPROACH

Erickson Management Company strongly believes in a close team approach between our firm and the Board of Directors to realize the goal of all community associations of maintaining and enhancing the value of their property.

For your Association our team would be comprised of the following:

1.         Account Executive: An experienced professional manager responsible for the overall administration of your property and attendance at Board of Directors’ meetings.

2.         Financial Administrator:  An experienced accounting person who will respond to individual owners and Board Members regarding assessment accounts, bill processing and payments made. 

A collections specialist will coordinate processing any delinquent accounts through your attorney’s office. 

3.         Service Request Administrator: An experienced service representative who through a toll free telephone number receives all service requests and dispatches the appropriate association vendor.

4.         24 Hour Answering Service:  An outside very experienced service that is utilized to handle all after business hour calls and emergency calls.

STANDARD MANAGEMENT SERVICES

•           Assessment Collection

•           Delinquency Notices

•           Initiate Collection Procedures

•           Bill Approval

•           Bill Payment

•           Bank Reconciliations

•           Separate checking/savings accounts for Association

•           Monthly financial reporting

•           Budget preparation assistance

•           Attendance at Board of Directors Meeting

•           Annual meeting attendance

•           Unit Owner roster maintenance

•           Records and files maintenance

•           Special mailings (Association pays printing and postage)

•           Special photocopy

•           Bid Coordination Routine Maintenance

•           Legal Liaison

•           Audit Liaison

•           Insurance Liaison

•           Court Appearance (Additional Charge)

•           Service/Work Order recording and processing

•           Notices of Rules and Regulation Violations

•           General Correspondence

•           Inspect outside contractors performance at Board's requests*

 *Charges based on professional staff fees.  We advise our Board of Directors to utilize the services of qualified consultants, engineers etc. to draft specifications and oversee all major construction or replacement projects to insure the work is performed according to prevailing standards in the trade or service that is being utilized.

OTHER OPTIONAL SERVICES

*          A Special Assessment set up fee will be charged for each special assessment adopted by the Board of Directors.

*          A fee will be charged for negotiating and processing Special Bank Loans.

*          A fee per unit per month will be charged for processing a Special Assessment or Bank Loan   repayment.  The charge will continue for the entire term of the Special Assessment or Bank Loan.

*          A fee of 5% of the total cost of the contract for monitoring any major restoration/replacement contract requested by the Board of Directors.

*          Charges will be negotiated as optional services are required.