Condo & Townhome Association Management
It’s time for better management
Rise Association Management Group has set the new standard in condo association management. Offering a management program exclusively tied to condominiums, we’re able to deliver superior results over the other management companies. Our unique model takes the existing association management model and turns it upside-down. We believe condo association management should be managed differently from single-family HOAs.
For starters, the financial complexities of a condominium require a much greater level of care and management of your resources. Resources that dictate whether or not you can support high costs such as association insurance deductibles, major capital expenditures, and long-term maintenance. Managing these resources requires someone who has education and experience in working with large scale budgets. We provide you with those resources. Our team consists of specialists with strong business acumen in finance and accounting.
We begin the relationship with our clients by evaluating their financial situation, followed by the development of their own Community Association Financial Strength (CAFS) Plan. This process helps both the Board and RISE set the benchmark for creating financial goals and objectives. Everything the association does can pivot from the CAFS plan. Stop aimlessly bumping along with no financial leadership from your management company and start taking control of your communitys’ future.
Full Service Management – Rise Association Management Group provides full-service association management to condominiums, townhomes, business plazas, mid-rises, and high-rises. Connect with our management team if you’re tired of the same drab approach and looking for a better way.
Rise CFO Program VS. Property Manager
Standard Property Manager | RISE Community Association CFO Program | |
---|---|---|
Financial Management | Helps create an annual budget | Implements proprietary Community Association Financial Strength Plan |
Future Planning | More of a “live in the moment” type | Creates 10 year Financial Plan and Goals |
Financial Leadership | Recently saw 5 minute video on financial management | Produces Insights on Cash Flow using Business Intelligence |
Experience | Manages a portfolio of community associations with probably one other condo in it | Has experience running for-profit and nonprofit enterprises |
Focus | Works on both master planned communities and condominiums | Focuses exclusively on Condominiums and Townhomes |
Delinquencies | Sometimes mails “very stern” late notices | Active Receivables Management with Credit Reporting |
Risk Management | Isn’t that why we have insurance? | Risk Management and Insurance Expertise to help make intelligent decisions |
Litigation | Will sometimes ask the attorney how it’s going | Works closely with your attorney and insurance adjuster to protect your interest |
Business Intelligence | Has “gut feeling” about the future | Provides Adaptive Forecasts for the next 12 Months |
Reserve Studies | Refers you to third party | Provides Reserve Study and multiple updates each year to determine reserve needs |
FHA Approval | Refers you to third party | Manages FHA Project Approval Process |
Accuracy of Financials | Gets pretty close most of the time | Precision in financial preparation– accuracy is paramount! |
Daily Spending | Raise your assessments! | Finds smart ways for your community to save money |