Property Management Blog

·   Overall Asset Management & Cost Control

·   Reserve analysis and remaining useful life studies to generate adequate reserves

·   Annual & monthly budgeting

·   Cost / benefit analysis of ongoing services and proposed investments

·   Group pricing discounts negotiated leveraging our entire portfolio

·   Energy conservation analysis and tracking

·   Repair diagnostics and analysis of various approaches before simply bidding jobs

·   Regular cost audits to optimize value of money spent

·   Recommendations to board and officers regarding spending

 Risk Management

·   HOA Insurance needs assessment, bidding and placement:  E&O, Liability, Property, Umbrella

·   Contractors:  Workers Comp, Liability, Auto, etc.

Accounting

·   Monthly financial reporting reconciled to cash accounts

·   Collection of dues

·   Payment of invoices

·   Audits

·   Taxes and filings

·   Collection of delinquent dues

·   Late notices

·   On-line payments or automatic bank account debits

·   On-line, real-time, accounting system accessible to board and officers

Reserve Management

·   Administrative

·   Owner records

·   Corporation records

·   Notices and letters

·   Violation notices and tracking

·   Management reports

·   Board and HOA Meeting preparation, promotion and attendance

·   Board guidance and recommendations

·   Owner guidance and recommendations

·   Owner interface

·   Contract scope of work definition, negotiating, contractor selection, work supervision and payment management

Staffing

·   Employees are Silverside staff, not association employees

·   Hiring, firing, recruiting

·   All HR functions handled by Silverside

Service

·   24/7 response

·   Work order tracking from call to completion follow-up

·   Record keeping of work orders and associated costs

·   Supervision of contractors

·   Definition of repair responsibilities between HOA and Owners, broken down by each building/property component.