Our Residential Management Transition Plan
We have a comprehensive one hundred and twenty day management plan which is specifically designed to address your current needs and put your community on the path to achieving its long term goals. This plan identifies and addresses any current problems, sets up goals and steps to achieve them and focuses on short and long range community planning.
This plan includes a thorough property inspection with recommendations, a cost saving review of all service contracts and a detailed review of all financial records.
- Phase One: In this stage your Condominium Association Manager will meet with the Board of Directors and pinpoint and concretize the primary objectives that will define your service relationship with Living Miami Management. At this time a thorough assessment will be made of your property and a management plan will be developed with the goal of maximizing your property’s performance and preserving your investment both short term and long term.
- Phase Two: Following the initial discovery phase, your Condominium Association Manager will design a customized Management Plan uniquely designed to address the needs, challenges and goals of your community. This plan will be thoroughly discussed with your Board and adjusted as necessary to make sure that your objectives are at the forefront of all of the services that we provide to your association.
- Phase Three: Once a Management Plan is in place we will focus on its implementation re-evaluating it with you as needed in order to ensure that your community runs as efficiently and cost-effectively as possible. Your Board will also be presented with a Building Manual and our signature “Frequently Asked Questions” document both designed to further the efficiency of your community.
Our Commercial Management Transition Plan
We have a comprehensive one hundred and twenty day management plan which is specifically designed to address your property’s current needs and put you on the path to achieving your long term goals for this particular investment. This plan identifies and addresses any current problems, sets up goals and steps to achieve them and focuses on short and long range planning.
This plan includes a thorough property inspection with recommendations, a cost saving review of all service contracts and a detailed review of all financial records.
- Phase One: In this stage your Property Manager will meet with you and pinpoint and concretize the primary objectives that will define your service relationship with Living Miami Management. At this time a thorough assessment will be made of your property and a management plan will be developed with the goal of maximizing your property’s performance and preserving your investment both short term and long term.
- Phase Two: Following the initial discovery phase, your Property Manager will design a customized Management Plan uniquely designed to address the needs, challenges and goals of your property. This plan will be thoroughly discussed with you and adjusted as necessary to make sure that your objectives are at the forefront of all of the services that we provide to your property.
- Phase Three: Once a Management Plan is in place we will focus on its implementation re-evaluating it with you as needed in order to ensure that your property runs as efficiently and cost-effectively as possible.
Our Receivership Management Transition Plan
Due to the nature of receivership management, our management transition plan for this type of investment is very fluid in order to allow us to assist you with your needs as they occur. This plan is operational in nature and the decisions we will assist you in making are based on short-term priorities, which will be set by the receiver using his or her experience and expertise. The receiver’s assignment is to protect the property’s value on behalf of the court while preparing for the possible sale, foreclosure, or redemption of the property in the near future and therefore that is our goal as well. In order to allow us to achieve these results we have developed a basic packet of written materials, including an outline of standard procedures for a management takeover and a checklist of things to do. The materials cover a range of issues from bank deposits to employee manuals. This packet arrives at the property with the takeover team and serves as the primary reference guide for everyone involved with the project.
Our receivership management transition plan includes a thorough property inspection with recommendations, a cost saving review of all service contracts and a detailed review of all financial records.
- Phase One: In this stage your Property Manager and the takeover team will meet with you and pinpoint and concretize the primary objectives that will define your service relationship with Living Miami Management. At this time we will also review the responsibilities of the receiver as outlined by the court. (Note that this document should be as comprehensive as possible to avoid the need for frequent trips back into court to obtain approvals for simple decisions.) This meeting is designed to enable each person to identify the other key players in the takeover and provides for a better coordination of activities between the different specialties. At this time a thorough assessment will be made of your property and a management plan will be developed with the goal of maximizing your property’s performance and preserving your investment.
- Phase Two: Following the initial discovery phase, your Property Manager will conduct a physical audit of the property and design a customized Management Plan uniquely designed to address the needs, challenges and goals of your property. This plan will be thoroughly discussed with you and adjusted as necessary to make sure that your objectives are at the forefront of all of the services that we provide to your property. This plan will also focus on risk management as well as compliance with the Fair Housing Act, the Clean Air Act, and the ADA. Meanwhile, other staff will be setting up accounting, bookkeeping, and other systems necessary to manage the property’s day-to-day business.
- Phase Three: Once a Management Plan is in place we will focus on its implementation re-evaluating it with you as needed in order to ensure that your property runs as efficiently and cost-effectively as possible for the duration of the assignment.
