Residential Condominiums

Because of the nature of common ownership in condominiums, managers who oversee these types of associations must have an exceptional knowledge of the governing documents, Maryland law governing condominiums, and the very specific insurance rules and regulations that apply to condominiums. It takes years to gain a proper understanding of condominiums and how they "work" and as the owner of NPM I have over 26 years of experience dealing with all types of condominiums. Some of the services that we offer our condominium associations are:
 

Residential Condominium Services

• Maintain Checking and Reserve accounts

• Invoice and collect all assessments from owners

• Notify delinquent owners, in writing, of their balance due and their obligation to the association

• Coordinate collection of delinquent accounts with the Association's attorney as necessary.

• Deposit all funds received on behalf of the Association.

• Disburse authorized funds from the checking account as directed by the Board.

• Conduct periodic inspections of the community in order to insure that all owners are in compliance with the governing documents.

• Assist in determining maintenance responsibilities based on the wording in the Declarations pertaining to ownership

• Issue violations notices to any owner who has any outstanding violations.

• Obtain, for the Board of Directors, bids for grounds maintenance, snow removal, insurance, taxes & audits, landscaping, reserve expenditures, and any other items (routine or non-routine) as needed and directed by the Board.

• Attend Board of Directors Meetings and the Annual Meeting.

• Provide monthly Management Reports to the Board containing all activity of the preceding month.

• Assist the Board of Directors in preparing the Annual Budget.

• Assist in insurance related claims involving unit owner and the association.

• Contract for the annual audit of the Association's records, if so directed by the Board.

• Maintain all financial records and accounts for the association.

• Issue written correspondence to owners regarding matters that are brought to management by the Board of Directors.

• Be initial point of contact, if desired by the Board, to all owners regarding association matters.