Documents to Expect from Your Condo Management Company

Home agents are sending pens to customers signing a contract to buy a new home.

Once you successfully hand over condo operations to a Tampa association management company, there are many documents that your selected management company should provide you with on a regular basis to comply with your service agreement and to keep your board or property owner aware of everything going on with the property. In this brief editorial, you can learn more about the documents you can expect to receive from your condo management company.

Monthly Statements

Monthly financial statements are imperative in maintaining transparency and strong economics. This can include any expenses as well as any revenue that the management company spent in maintaining the property or from collecting dues. Depending on the company that you work with, the amount of detail presented in these reports can change. If you aren’t getting enough information from your condo management company, you could ask for more details in a monthly statement.

Maintenance Summaries

There will always be maintenance requests when it comes to shared amenities and community spaces, including parking lots and trash disposal sites. Depending on the agreement residents have with the condo association, this could potentially include some repairs to individual condos. Your condo management company can provide you with maintenance summaries of all of the maintenance work completed on the property.

Signed Contracts

Your condo management company should provide you with copies of signed contracts with vendors and new condo residents as they are executed. Some condo management companies can fill vacancies, advertise rental condos for owners, and find condo buyers. If this is the case, your condo management company should be able to provide you with access to these documents, even if it is digital access.

Occupancy Reports

Every condo community is different. If your condo management company is tasked with sales or filling vacancies, the company can provide you with occupancy reports that can give you a clearer picture of what units remain available and need to be filled. The type of information that the condo management company provides will depend on the amount of detail your board wants to see.

Outsourcing property management tasks to a condo management company does not mean that your board and property ownership team won’t have any access to information about the property and its performance. Your condo management company should provide you with documents at least monthly to keep you informed about what is happening in the community. This can enable you to provide feedback about the direction the management team is going in.

Are you ready to work with one of the top Tampa condominium management companies that makes life easier for you and your board members and improves the value of your property?  If so, submit our proposal request form today!

 

Anonymous | Tuesday, December 1st, 2020 | Uncategorized |

SERVICE FIRST

Our founder, William C. Spivey, is a man who believes in the power of people...

LEARN MORE

FAMILY OWNED

We are a family-owned and operated company built in the Tampa Bay Area by a working-class Tampa family.

LEARN MORE

CUTTING EDGE

In today’s day and age, technological advancements are occurring at a rapid rate. These developments...

LEARN MORE

EASY TRANSITION

At WPM, we understand the sensitivity and importance of a management transition. We will proactively work in...

LEARN MORE

SEE WHAT OUR CLIENTS ARE SAYING

  • Couldn’t have asked for better service. It’s NEVER this easy dealing with property management companies. Great Job! Thanks so much!

    Brent I.

  • Cody Glass from the accounting department was very helpful and professional with a lot of courtesy to help me to understand and set up a new payment process.

    Eric F.

  • I work with Wise on a regular basis, as the nature of our business requires quick turn around times. They are kind and helpful when you need something.

    Natasha A.

  • I have always received great service from Wise. Any time I need help someone always answers the phone and directs me to the right department.

    Elaine R.

  • My name is George Florence, I am the Board President of Villas of Northdale, and I have been a Board member for 5 years now. We have had perfect help from Wise Property Management.

    George F.

  • Wise Property Management is the quintessential image of a professional, organized, comprehensive, deligent and knowledgeable Property Management company.

    Kristy D., South Pointe HOA Vice President.

  • I have been working with Jeanie Hunter of Wise Property for several years now. She has handled all our Tampa Villas South association issues promptly and with great efficiency.

    Ken C., Tampa Villas South HOA Vice President.

  • Very easy to work with and everyone is friendly. We have worked with them for a very long time and love the experience. They take pride in their work and truly enjoy what they do.

    Joey V.

  • Contact Information

  • Community Information

  • This field is for validation purposes and should be left unchanged.