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Association Management Services

5 Star provides premium management services by preserving and enhancing the value of client assets. Our diligent and sound business judgment is paired with the highest degree of professionalism and integrity for all clients. Trust 5 Star Property Management to oversee the daily details of managing and operating your property – without losing sight of your overall ownership objectives. With more than 10 years of property management experience, we understand the delicate balance between controlling operating expenses and providing a level of service that ensures value.  5 Star provides a full range of services to keep your property well-maintained, safe, and attractive including:

  • Website portal for paying Association fees, announcing events, etc.
  • Attending Board meetings to record meeting minutes and provide action lists.
  • Managing accounts receivable.  Assisting collection agencies with delinquencies. Administering payment of Association bills.  Reconciling bank statements. Organizing annual meetings, Board elections, and special Association meetings.
  • Ensuring that inspections are completed and documented – and reports are completed and submitted to the Board.
  • Ensuring that non-compliance issues are resolved in a timely manner, and in accordance with Association policies and procedures.
  • Collecting monthly Association dues.
  • Sending violation letters.
  • Preparing bid specifications, obtaining bids, and finalizing contracts, as applicable. 
  • Presenting annual budgets to the Association. 
  • Preparing and forwarding financial statements to the Board – providing clarification to the Board, as needed.
  • Screening all vendors and ensuring they are licensed, insured, and bonded. 
  • Overseeing the maintenance of common areas.

 

 

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