Property Management Services covers the full management requirements of Sectional Title Bodies Corporate and Home Owners Associations, and offers the following areas of expertise
1. Collections a. Billing and distribution of owner levy statements b. Collection of levies and monthly charges c. Follow-up of unpaid charges d. Liaising with attorneys appointed to manage legal collections
2. Financial Management a. Payment & accounting of approved expenses, incl. salaries & wages b. Preparing of the Annual Budget of Income and Expenditure c. Monthly financial reports, including bank statements, Profit and Loss, Expense by Supplier and ageing summaries d. Annual audit preparation
3. Administration, Secretarial and Advisory Services a. Preparation and circulation of notices for Trustees /General Meetings b. Arranging, attending and taking minutes for meetings c. Preparation and mailing of correspondence d. Preparation and issuing of Clearance Certificates e. Arranging and liaising with maintenance and building contractors f. Maintenance of statutory and permanent records
4. Insurance services a. Liaising with insurance brokers for competative cover quotes b. Effecting claims and expediting the process from start to finish
5. Levy Solutions Eliminate the pressures of late and arrear levies with a product that settles the full levy income, less a cost-effective and agreed finance charge (on average 5%), on the 1st of each month. Levy solutions achieves a consistent and predictable cash flow for a property and supports accurate planning for maintenance or refurbishment projects.