Property Management   |   Residential   |   Commercial   |   Association Management
 
 
 

CMM Realty has been professionally managing homeowner associations  since 1986. We strive to provide the most professional, accurate and efficient property management services available. CMM Realty has a company wide commitment to maximizing long term appreciation for our owners, while maintaining quality of life that is appreciated by all owners.

CMM Realty is hired by and reports to the Board of Directors of the Associations and assists them in the effective management of the Association. Our approach to Association Management is highlighted with the theme — "provide property value enhancing management services coupled with experience to control expenses."

To learn more about our services, please review our Condominium Association Management Agreement or contact our Regional Property Manager.

Administrative Services:

  • Organize annual and special meetings of Owners and of the Board of Directors of the Association, including the preparation of notices, agendas and other necessary documents.
  • Guide and assist members of the Board of Directors of the Association in the performance of their obligations.
  • Guide and assist the Association in the development of policies and procedures.
  • Advise and assist in the administration of the provisions of the governing documents.
  • Keep all records of the affairs of the Association, including the Declaration, Articles of Incorporation, Bylaws, Resolutions, Rules and Regulations, policies, minutes of meetings, copies of contracts, etc. All these records belong to the Association.
  • Maintain registers of Owners, Officers and Directors and such other registers or schedules as required by the governing documents.
  • Attend to all necessary correspondence on behalf of the Association
  • Resolve individual Owner requests as they pertain to the administration of the Association, its common elements and governing "Rules and Regulations."
  • Administer the Association's insurance portfolio including the filing of all claims.

 
 

Financial Services:

Assist the Owners Association in the preparation of an annual budget. The budget is generally based on prior operating expenditures, estimated future expenses and required capital replacement reserves.

  • Account for assessments and all other charges due by the Owners.
  • Maintain checking, savings and other banking accounts in the name of the Association.
  • Bank accounts will be maintained separately from all other accounts of CMM Realty. The funds in these accounts will not to be commingled with any other funds administered by CMM Realty.
  • Notify Owners of any delinquency and take reasonable action for the collection of the delinquent assessments as determined by the Association.
  • Make all disbursements from assessments collected for normal recurring expenses as provided in the budget and as approved by the Association.
  • Furnish monthly and year-end financial reports prepared on a cash basis, which include all income and expenses and reflect the net cash position of the Association.
  • Assist in the annual audit of the Association.


Support Services:

  • Communicate with property Owners to understand their issues and find appropriate solutions.
  • Issue work orders and monitor contractor performance to ensure that work has been completed in a timely manner and to the satisfaction of the Owner.
  • Issue notices of violations of Association rules and regulations.
  • Prepare, copy, print and mail Association written communications.
  • Prepare and mail welcome information to new owners.
  • Administer clubhouse, party room, pool and other schedules.


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