Condominium / Co-Ownership Management
At XY Real Estate Management, we believe in providing the co-owners with an organized and efficient business structure for their condominiums. Let us explain how we can help and support you.
- Provisional budgets arrangement and proposal.
- Distribution of costs between the co-owners according to their shares.
- Creating and providing notices of assessment (condo fees and special dues).
- Perception of condo fees and special dues to the co-owners.
- Sending necessary reminders for unpaid condo fees (recovery).
- Deposits of condo fees payments directly into the syndicate's bank account (first of the month).
- Accurate and efficient bookkeeping.
- Production of annual financial statements (income statements, balance sheets, bank reconciliations, and additional notes).
- Condominium’s bills payments.
- Monthly reports sent by email to the directors (changes in the financial situation, recommendations, and follow-ups).
- Management of the bank accounts and current operations of the union.
- Filing and archiving of finance and accounting records.
- Project Management / Needs Determination / Obtaining 3 Submissions / Recommendations to Administrators / Contract Award.
- Residential real estate brokerage services available.