1 / 9

ACTHA

ACTHA. MANAGING PROPERTIES Presented by Marcia Caruso of Caruso Management Group, Inc. MANAGING PROPERTIES. Property Managers Role Board of Directors Role Committee Role Owners Role. Operational Protocol Employees Contractors Committees Owner Participation. Establish Team Manager

iliana-neal
Download Presentation

ACTHA

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ACTHA MANAGING PROPERTIES Presented by Marcia Caruso of Caruso Management Group, Inc.

  2. MANAGING PROPERTIES • Property Managers Role • Board of Directors Role • Committee Role • Owners Role

  3. Operational Protocol Employees Contractors Committees Owner Participation Establish Team Manager Banker Lawyer Auditor PROFESSIONAL PLAN

  4. Manager through a contract Manager through the management contract Banker/Investment Policy Auditor/Fiscal Responsibility Lawyer/Legal Policy Committee through Resolution Owners through participation ROLE OF TEAM MEMBERS

  5. BUDGET/MANAGEMENT PLAN • Income • Assessment, late fees, interest income, fines • Expenses • Planned, contracts, utilities, reserves • Common Elements • Preventative, Corrective maintenance • Capital Expenditures • Separate from operational expenses

  6. CONTRACTS • Identify Parties to contract • Contract period • Termination clause • List of responsibilities • Indemnification • Reporting specifications • Timing of all items needed

  7. Handling of funds Payroll Purchasing Bookkeeping Auditing of income and expenses Handling of personnel Responsibility of contractors Final approval process Property inspections Monthly reporting IDENTIFY AND SPECIFY

  8. MANAGEMENT REPORT • Business Report • Examine Discrepancies • Prepare Explanation • Balance sheet and income statement • Delinquency report • History of Work Orders • History of Owners calls

  9. COMMUNICATIONS • Newsletters • Monthly statements • Web Page • Emails • To Board members • To and from owners • Emergency email bursts to owners

More Related