Condo Associations
Condominium Management Services
Pater Real Estate Management Co., Inc. is a locally owned condo management company which offers Associations quick response time and personalized service. We specialize in assisting small to mid-sized Condo Associations in meeting their specific financial and management needs. We work for the Association, communicating promptly with the Board of Directors and unit owners. Pater Real Estate’s Condominium staff is on call 24 hours a day, 7 days a week. Our goal is to work with the community, enhancing the investments of the Association.
FAQs for Condo Associations
What services does Pater Real Estate provide for condominium associations?
Pater Real Estate offers comprehensive condominium management services, including financial management, maintenance coordination, vendor oversight, and Board communication. We tailor our services to meet the unique needs of small to mid-sized associations and ensure day-to-day operations run smoothly.
How does Pater Real Estate handle financial management for the association?
We provide complete bookkeeping services, including budgeting, assessment collection, accounts payable, and monthly and year-end financial reports. Board members and owners can access detailed financial statements through our secure owner portal.
Can Pater Real Estate assist with budgeting and reserve studies?
Yes. Our team works with Boards to develop realistic budgets, track expenses, and maintain reserve accounts to ensure long-term financial stability for the association.
How are maintenance requests and vendor management handled?
Pater’s in-house maintenance team handles small repairs such as plumbing, electrical, painting, and carpentry. For larger projects, we manage contractor bids, selection, contracts, job coordination, and site supervision. All maintenance requests—routine or emergency—are tracked through our web-based software to keep the Board informed.
How quickly can the management team respond to emergencies?
Our staff is on call 24/7 to address emergency situations, ensuring issues are resolved promptly and with minimal disruption to the community.
What reporting and communication can the Board expect from Pater Real Estate?
Boards receive timely updates on maintenance, financials, and any other operational matters. The owner portal allows access to reports, invoices, and other key documentation, giving the Board transparency and control over association operations.
How does Pater Real Estate work with the Board to enforce association rules and policies?
We act on behalf of the Board to enforce association rules and policies, communicating clearly with unit owners and addressing compliance issues while keeping the Board fully informed.
Are there tools or portals for Board members and residents to track issues or financials?
Yes. Our secure owner portal provides easy access to financial statements, maintenance updates, and other important association documents, keeping the Board and residents informed at all times.
How does Pater Real Estate help associations stay compliant with New Hampshire regulations?
Our team stays up to date with state and local regulations, guiding Boards to ensure compliance with all legal requirements for condominium associations.
What is the process for onboarding a new condominium association with Pater Real Estate?
We begin with a thorough review of the association’s current operations, contracts, and financials. From there, we develop a customized management plan and implement our technology-driven systems to streamline communication, maintenance, and financial oversight.
