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Fsm 2009 Presentation
 

Fsm 2009 Presentation

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    Fsm 2009 Presentation Fsm 2009 Presentation Presentation Transcript

    • FLORIDA STANDARD MANAGEMENT, LLC
      “Setting the Standard in Association Management”
    • Condominium Management
    • Large Properties
    • Small Properties
    • On-site Locations
    • Master Associations
    • Condo-tels
    • Managing Partners
    • Accounting
      Accounts Receivable – Daily – Web Site – Coupons
    • Accounting
      Accounts Receivable – Daily – Web Site – Coupons
      Accounts Payable – Weekly – CAM will pay recurring payable others with Board Approval
    • Accounting
      Accounts Receivable – Daily – Web Site – Coupons
      Accounts Payable – Weekly – CAM will pay recurring payable others with Board Approval
      Collections – Bi-Monthly – Late Notices –Monthly Financials have Receivable Report, Intent to Lien & Liens
    • Accounting
      Accounts Receivable – Daily – Web Site – Coupons
      Accounts Payable – Weekly – CAM will pay recurring payable others with Board Approval
      Collections – Bi-Monthly – Late Notices –Monthly Financials have Receivable Report, Intent to Lien & Liens
      Monthly Financials – Summary and Manager’s Report
    • Accounting
      Accounts Receivable – Daily – Web Site – Coupons
      Accounts Payable – Weekly – CAM will pay recurring payable others with Board Approval
      Collections – Bi-Monthly – Late Notices –Monthly Financials have Receivable Report, Intent to Lien & Liens
      Monthly Financials – Summary and Manager’s Report
      Maintain Association’s Bank Accounts – Monthly Reconciliation
    • Accounting
      Accounts Receivable – Daily – Web Site – Coupons
      Accounts Payable – Weekly – CAM will pay recurring payable others with Board Approval
      Collections – Bi-Monthly – Late Notices –Monthly Financials have Receivable Report, Intent to Lien & Liens
      Monthly Financials – Summary and Manager’s Report
      Maintain Association’s Bank Accounts – Monthly Reconciliation
      Require Vendor Insurance updates
    • Accounting
      Record Keeping – Ongoing
      Association Insurance, Yearly Tracking of Expiration
      Vendor Insurance – Yearly Tracking of Expiration
      Condo – Owner – Yearly Request for Proof of Insurance
      Minute Book
      Completive Bids
      Collections – Ongoing
      Intent to Lien
      Liens
      Foreclosures - Attorney documents
    • Accounting
      Closings - Sales – Refinance
      We prepare the Estoppel letter when requested from Closing Agent, notarized statement of total amount due
      Collection of assessments, special assessments, late fees, and transfer fees at Closings
      Screening new owners if required by association documents, at the cost of the services
      Credit investigations
      Criminal history
    • DEPOSIT
      CHECKS
      DDA
      Lockbox Workflow
      CHECKS
      Create Photocopies
      Mail Received in Lockbox Mail Room,
      Manually Sorted into Bins, Opened
      Extraction, Lbx Specific Procedures, Add $ of Checks,
      Checks
      Prepare all client deposit tickets, Deliver to Proof for Encoding
      Package Assembly and Mailout
      Create Deposit Ticket, Balance Tapes, Add Copies, Lbx Specific Reassociation
      Deferred Data Entry (Optional)
      Checks Encoded
      Data Transmission or Fax Output (Optional)
      Items Processing
    • Administration
      Roster of current owners
      Official Records
      Files- Homeowners, Board and Employees
      Minute Book
      Insurance Policies
      Contracts/Bids
      Financial Records
      Governing Documents
      Vendor Files
      Notice of Commencements for project over $2,500.00
    • Community Management
      Community Association Management
      Site visits
      Oversee all personnel if contracted
      Attend Board and Members Meetings
      Assist Directors in enforcement of the Governing Documents
      Written Violations
      Produce and Distribute General Announcements, Notices, Agendas and Reports
      Prepare Annual Reports required by the State of Florida
    • Personnel & Payroll
      Bi-weekly Payroll
      State and Federal Unemployment Taxes
      F.I.C.A.
      Worker’s Compensation Insurance on full time employees
      Health Insurance for full time employees
      Standard Employee Manual
      Sick Pay for full time employees
    • Maintenance
      Supervise recurring maintenance vendors that work on the common elements
      Grounds Maintenance, Pest Control, Pool Service, Elevator Maintenance, etc.
      Ensure proper liability and worker’s comp insurance and licensing
      Obtain competitive bids
      Owner’s Request for Maintenance Issues
      Prepare and issue work order
      Schedule the repair work
      Review the work with the Board and Member
      Pay the invoice
    • Payment of Expenses
      From the Association Funds
      Management will pay all the association’s expenses such as taxes, building and grounds recurring maintenance, insurance, inspection fees, loans, utilities, licensing and other governmental charges, etc.
      Checks will be available every Monday and special arrangements will be made for Holidays
    • Web Site
      www.floridastandard.com
      Available 24-hours a day
      Members may make payments via secure on-line access
      Websites include public information and resident-only sections
      Members view meeting notices, minutes, financials and documents of the Association
      Members can e-mail questions & maintenance requests
    • Web Site
      Members’ e-mail maintenance request and we can track the work and follow up with the Member
      ASSOCIATION
      Members convenient payment options at their finger tips
      Payment options Credit Cards, e-check, ACH Auto-Pay, Billpay
      Efficient Meeting Notices and Community Bulletin Board
      We can send reminder notices also
      Post Meeting Minutes & Reports
      Post other information as directed by Board
      Board of Directors can easily do surveys and it is easy for the Members respond
    • Web Site
      Post Association’s Newsletter, if contracted
      Post Maintenance Alerts
      Utility Repairs that will affect the Community
      Police and Security Alerts
      Information is available for members 24-hours a day
    • Florida Standard Management, LLC
      “Setting the Standard in Association Management “
      We have invested in new technology to provide our clients with instant access to information and improve their level of communication.
      This new technology allows us to pass the savings along to you, our clients.
    • Summary
      Accounting and Management at its best
      Twenty years as Corporate Controller
      Nine years experience as License Community Association Manager
      “Associations that do not need full service, shouldn’t have to pay for it”
      We offer different levels that will allow us to customize a package that fits your association needs at an affordable price