Maintain books and records.
Prepare and mail monthly bills.
Receive and disburse funds. Generally the Manager has the discretion to make the day to day financial decisions related to the normal ongoing operation of the Association. All major additions and expenditures for new items or services costing over $1000 require the approval of the President or BOD. The Manager is empowered to make discretionary expenditures related to the normal day to day operations of the condominium building in emergency situations that by definition include, but is not limited to, the disruption of any normal operation of the building such as the heating system, common plumbing, damages caused by roof leaks or fires. The President will be contacted whenever major expenditures are incurred.
Reconcile all bank accounts on a monthly basis.
Direct labor and all office overheard to accomplish above.
What does CMC Business Management do?
Find out what CMC can do for you! Below is listed some of the services CMC offers as a property management company. Please keep in mind that these clauses may change depending on your association’s specific contract with CMC. Home owners please refer to your specific property management association contract.