Property Management 411

December 17, 2008

I’ve attended my first condo board meeting for my building. And, I have to say, I didn’t realize how much work is done–not by the board–but by an outside property management company.

A management company–in our case, North Point Management headed by Tim Arel–offers a full list of services. These include the obvious maintenance, landscaping, and day-to-day operations, but also financial, accounting, and administrative responsibility, our condo budget, community support, and resident relations. Who knew? Not me. A management company is like a silent partner. That gets things done: While the residents are meeting with the long-winded and sometimes stuffy heads of the board, Tim Arel is out there making sure things run smoothly and successfully.

I also discovered that Tim Arel and his colleagues actually set up said meeting, as well as handling reports for our association.

Needless to say, that is the first and last association meeting I will attend. Everything’s already under control.

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