Portfolio ManagmentJames Palmerston | September 28, 2018 | 0 | Portfolio Managment
Cadden Community Management currently has approximately 30 managers on staff. Many associations have limited budgets that do not justify a full-time manager, or the funding to hire a manager directly. In this case, economies of scale permit Cadden Community Management to designate a manager to your association at a very competitive rate. Here, the manager may also be designated to one or more other associations. This is called “portfolio” management and is a practical management solution for many smaller and medium-sized associations with smaller and/or limited budgets.
The manager provides in-depth financial management, administrative help with property inspections, CC&R enforcement, maintain owner and resident rosters, set up and support committee systems including architectural controls and guidelines, as well as serve as liaison with the associationâ€™s legal counsel. In addition, the manager will help negotiate and supervise maintenance contracts, serve as a proactive liaison between the board and homeowners, and provide knowledgeable customer service support for homeowners.