Co-op Management Services
Do You Need Cooperative Property Management?
Managing a cooperative building can be very demanding. It requires organization, financial oversight, and an understanding of housing laws and regulations. Without professional management, small mistakes can grow into significant challenges for shareholders and the board.
This is where First Community Management comes in. We guide your co-op board through daily operations, provide financial expertise, and ensure compliance so your building runs smoothly.
Our Co-op Building Management Services
At First Community Management, we specialize in full-service co-op apartment management, keeping buildings in excellent condition while supporting board members and shareholders. Our team understands the unique challenges co-op boards face and offers hands-on support every step of the way.
We help safeguard your cooperative’s finances with accurate and transparent services. Our financial services include:
- Budget planning and monitoring
- Monthly financial reporting
- Maintenance fee billing and collection, including delinquency management
- Invoice processing and vendor payments
- Reserve fund tracking and planning, including coordinating reserve studies
We ensure building rules are enforced fairly and consistently. Our services include:
- Routine inspections for compliance
- Administrative support, including notices and hearing coordination
- Enforcement procedures in line with governing documents and house rules
We manage vendor relationships and coordinate services to ensure your building remains safe and functional. Our services include:
- Project management for repairs and renovations
- Routine and emergency maintenance scheduling
- Vendor bidding and contract oversight
- Property inspections and work order tracking
- Oversight of custodial, landscaping, and building services
We maintain clear communication between residents, board members, and vendors. Our services include:
- 24/7 online portal access
- A reliable point of contact for residents
- Emergency response services
We provide comprehensive support to co-op boards, making decision-making easier and more efficient. Our services include:
- Preparing meeting notices and agendas
- Delivering board packets and materials
- Offering professional advice and guidance
We help ensure your co-op remains compliant with laws and regulations. Our services include:
- Working with CPAs and attorneys
- Ensuring compliance with housing laws and co-op regulations
- Assistance with interpreting and amending governing documents
Residential Co-op Management You Can Trust
Since 1998, First Community Management has provided co-ops with reliable, responsive, and professional services. Our experienced team understands the needs of cooperative communities and provides support tailored to each board and building. With us, you can count on consistent service year-round.
For a reputable co-op management company, call us today at (312) 829 8900 or request a proposal online!