Our Illinois association management package covers all of the day-to-day processes required to effectively manage your Chicago Illinois condominium association. These include, but are not limited to, the following:
Financial Management Complete ownership of all financial needs of the condominium association, specifically:
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Collection of assessments (owners have multiple payment options including automatic direct withdrawal from their checking or savings account) |
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Collections activities through legal eviction of property owner |
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Commencement & changes to assessments |
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Payment of all association expenses including accuracy analysis of received invoices |
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Designing and deployment of interest-earning strategies for reserves |
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Full suite of monthly financial reports including budget performance |
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Assistance with all tax filings |
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Design and ongoing maintenance of association budget |
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Evaluation of 3rd party services including gathering estimates for all association needs |
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Design of reserve plan based on property needs |
Onsite Inspections On a regular basis a Magnum agent will visit the property and execute a thorough review, providing a detailed report to the Board each month.
Vendor & Contractor Support We handle the coordination of all scheduling and evaluation of services to ensure each is performed correctly, on time and on budget.
Maintenance Plan & Calendar Our team works with the Board to build a structured maintenance plan for the condominium association which defines what property components should be serviced and at what frequency.
Board Meeting Attendance We'll be there!
24/7 Emergency Support Our operations staff is available to handle all emergency repair and maintenance issues 24 hours per day, seven days per week.
Owner Forum: the Ultimate Account Management & Communication Tool With Connected Property Management, each association receives their own fully customized and secure website where owners can fully manage their account online and communicate with each other.
Pricing
We utilize a tiered pricing structure based on the number of total units in your association. Since our offering is aimed for small to mid-sized associations we offer aggressive pricing to even the smallest of buildings. Please contact one of our helpful account managers to discuss your needs so we can provide you with a proposal and pricing. As always, WE will beat any management firm's price for Illinois association management!
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