Tim Arel: Property Manager

January 18, 2009

Tim Arel came into the field of property management in a round-about way. His interest was concentrated in economics when he attended St. Anselm College, where he graduated with honors. This lead to a professorship in economics. Soon though, his interests evolved to the broader scope of social sciences and his career turned to law.

While practicing law, Tim Arel was in the throes of real estate investing, financial control, marketing and accounting and negotiating terms for complex contracts. Following the signs that pointed to a career where challenges are relished, he found his himself as an executive in a grounds maintenance company.

Tim Arel finally found his professional home. Today, Mr. Arel oversees all aspects of property management for North Point Property Management, where he oversees training, business development, and corporate financial planning for the company.

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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.