Developer POS Services
- Preparing the operating budget
- Procuring replacement reserve schedule from a professional engineer
- Procuring the budget letter of adequacy from a certified public accountant
- Securing the insurance letter of adequacy from a qualified and experienced broker
- Preparing the management agreement
- Preparing the maintenance chart of responsibilities
- Reviewing the governing documents
- Participating in development team meetings
- Create a custom strategic plan for opening new buildings and communities, well in advance of the actual start-up
Services From Community Start-Up Through Transition
- Organizing meetings of the association
- Establishing organizational resolutions
- Conducting presentations and attending association meetings
- Attending and participating in management/developer meetings
- Service as a developer representative to the board of trustees
- Coordinating the annual meeting presentations and agenda
- Running the transition election process
- Leading the association/developer transition process
- Advising the developer beyond the unit owner control threshold
- Assuring compliance with open meeting requirements
- Developing owner handbook
- Defining and establishing committees
Financial Services for Developers
- Establishing a collection fee policy
- Establishing and segregating various funds: operating, reserves, deferred maintenance, working capital
- Advising on fund accounting method investing of association funds
- Guiding the financial report presentation
- Identifying and calculating any developer financial obligations to association
- Clarifying and expanding upon POS budget expectations
Maintenance
- Identifying unit owners vs. association maintenance obligations from governing documents
- Distinguishing maintenance responsibilities between the master association and any member associations
- Obtaining Municipal Services or Reimbursement
Insurance
- Purchasing of property, liability, fidelity, broiler and machinery, flood, workers compensations, directors and officers
- Distinguishing Between Owner and Association Insurance Responsibility
- Distinguishing Insurance Responsibilities Between Master and Member Associations
