Silver Spring MD Property Management
What our Silver Spring MD Property Managers Do:
Maintenance
- Oversee and manage the activities of all service contractors
- Solicit competitive bids, when needed
- Perform regular inspections
- Establish a preventative maintenance program
Fiscal
- Collect assessments
- Send late notices
- Deposit receipts
- Pay bills from association funds
- Maintain accounting records
- Prepare operating and capital budgets
- Participate in the annual audit and income tax preparation
- Distribute comprehensive financial reports to each Board Member monthly
Administrative/Clerical
- Attend Board Meetings
- Maintain resident contact lists
- Mail periodic notices to residents, keeping them in touch with board decisions
- Assist the Board in the administration of policies
- Manage insurance policies
- Supervise association's personnel including hiring, terminations and payroll
- Work with accountant to prepare and file forms, reports, and tax returns as required by law
