Full-Service
Condominium Association Management
Simplifying Association Management with a Proven Approach
Managing a condominium community can feel overwhelming, but with First Community Management, you are never on your own.
Our structured full-service management model ensures that every detail is handled by a dedicated team, providing reliable support for board members and peace of mind for homeowners.
Listed below are just some of the most important aspects of our full-service program for condominium associations in Chicago. Contact us to learn more about the comprehensive solutions we offer.
Financial Management
- Monthly Financial Reporting: Reports delivered by the 10th business day for financial clarity and accountability.
- Annual Budget Preparation: Review and preparation of draft budget aligning short- and long-term association projects to avoid financial surprises.
- Competitive Bidding Process: Collection of bids to keep costs on budget for repairs and maintenance through our trusted network of vetted vendors.
- Streamlined Accounting: Timely collection of monthly and special assessments, prompt handling of late notices and delinquencies, efficient vendor payments, and real-time ledger access for full financial transparency.
Clear Communication & Board Support
- Dedicated Community Administrator: Reliable point of contact to streamline communication for residents and owners to minimize board member intervention.
- 24/7 Online Portal: Convenient access to payments, association documents, and work orders anytime.
- Board Meeting Support: Timely preparation and delivery of meeting materials for efficient and productive Board meetings.
- Legal Guidance: Expert collaboration with CPAs and attorneys to ensure informed decision-making on legal and financial matters.
Transparent Progress
- Annual Management Plan: Strategically designed to keep your Association ahead of challenges while ensuring smooth and streamlined operations.
- Property Inspection Reports: Regular building inspections to detect and address issues proactively.
- Progress Reporting: Ensures impactful building projects are identified and tracked to maintain and improve home values of the Association.
- Vendor Management and Oversight: Supervision of independent contractors and Association employees to ensure quality and efficient service.
Ready to end your property manager search?
Request a proposal with First Community Management today and start your personalized plan to a better-managed community. Since 1998, we’ve helped Chicago Condominium and Townhome owners achieve lasting peace of mind. Let us do the same for you.