GENERAL

Paradigm Property Management will provide the following services:

• Accounting – condo fee collection and processing, bill payment, etc.
• Monthly financial statements
• Annual financial statements
• Owner Relations – Issues, questions, account management
• Unit Sales Management- help realtors gather the necessary paperwork for the sale of a unit to process correctly.

MEASURES

Paradigm provides the above services in the following specific ways:

• Collect condo fees.
• Issue late notices and interim statements as required.
• Make deposits to bank account.
• Pay bills associated with this property out of the property’s designated bank account.
• Reconcile bank statements monthly.
• Provide a monthly accounting report of all financial activities.
• Develop Annual Budget.
• Provide vendors with 1099’s.
• File state and federal tax returns.
• Initiate liens for nonpayment of condo fees.
• Attend quarterly/monthly meetings.
• Invest money for the association as the board sees appropriate.
• Contribute services and vendors at our discounted rates.
• Address homeowner issues as needed.
• Provide a letter for each homeowner to begin the process of establishing a relationship and provide them with appropriate contact information for homeowner issues.
• Monitor expenses and expenditures to evaluate cost effectiveness.