Property Management Consulting Services  

We are qualified to analyze many components of an association and make recommendations to the Board of Directors.

We are available to inspect your common areas, review your operating and reserve budgets, analyze or prepare reserve studies and then meet with your board to assist in the resolution of any issues which surface as a result of our inspection.

The following questions could be helpful in determining whether you might need our services:

Is the management company providing all services outlined in the contract or does the contract need revision to increase services to the association?
 Regal Property Management studies and suggests changes and improvements in the management contract to reach a resolution to questions or problems between management and the association pertaining to services.

Does the Board require assistance in comprising or activating the reserve study?
 Regal Property Management will inspect and rate the physical condition of the property, including every major component in the current Reserve Study. Regal Property Management is also available to prepare an in-depth reserves study if your association does not currently have one.

Are the operating and reserve budgets inadequately funded or overspent?
 Regal Property Management will analyze the operating and reserve budgets and actual expenditures over the current and past two years and suggest solutions for a balanced budget.

Have dues increased to keep current with the CPI increases for your area or are assessments necessary to fund regular maintenance and reserve replacements?
 Regal Property Management will investigate operating and reserve budget dues increases (or decreases) over the past 5 years and make suggestions for budget improvements.

Does the current board of directors have a procedure to inform new board members of past decisions, actions and future plans to provide continuity of action?
 Regal Property Management  will study past Board meeting minutes to determine if management has succeeded in providing action to implement motions over the past two years.

Has the board developed monthly action reports as a tool to track requests and results to the management company?
 Regal Property Management  will provide report tools to increase communication and results between the management company and the Board of Directors.

Is the association using current technology to increase communication between the members and the board of directors and management?
 Regal Property Management  can provide information and direction to establish Internet communication and/or website creation and provide the Board with a member database that can easily be updated for mailings to the members.

Does the board need direction in establishing board meeting procedures, producing effective agendas and setting procedures for minute keeping?
 Regal Property Management  are experts in assisting boards establish meeting procedures, minute keeping practices and prepare effective meeting agendas.