Are you a Developer or a Builder establishing a new community or selling new homes? Organizing new communities is a specialized field, whether it is a 12 garden condominium association or a 5,000 home multi use development with single-family homes, condominiums, and retail space.
You have come to the right place.
Collaborating with the right community management company is essential in aiding a successful transition from developer control to the homeowner association. The most important fact is the developer/builder is responsible for the operations of the association: during construction, through the transition, and during the warranty period. A responsibility that cannot be relinquished. Getting experienced advice in this area of the project can save thousands of dollars later and limit liability. The management company’s role is completely different role than the developer/builder.
Ideally, involving the management company in the concept stage brings a valuable perspective in how the business of the association will function, long after the developer is gone.
Are the operations of the association budgeted correctly?
You could end up funding the association’s deficit at year-end.
Does the developer have the proper insurance?
Do you know where to get the best policies and how much so you are covered?
Are the Architectural Guidelines reasonable?
There are many additional requests the guidelines don't cover, decisions have to be made.
Does the development team have the expertise to set up homeowner ad-hoc committees?
Who is going to educate the owners in community management?
Is there a separate utility company to organize and run?
Bills must be sent at a certain time by law.
Residential Realty Group, since 1978, has working with developers and builders setting up associations, preparing proper budgets, and working with homeowners so they are happy living in your community.
Call or email us today for details at 410-654-4444. We have the wisdom, experience and talent to make your community special.
We keep abreast of education through the various related organizations, Institutes, and Educational Systems and Programs. Our managers attend current informational sessions keeping abreast of all new trends, legal updates, technology courses and continuing education. Our managers have achieved at least one or more professional designation: CMCA, AMS, PCAM, MHIC, CGP.
3600 Crondall Lane,
Suite 103,
Owings Mills, MD 21117
Phone. 410-654-4444
Email. info@residential-realty.com