Invest for Living

Condominium face a variety of challenges to track and transfer ownership of units, calculate charges, collect payments and fees, enforce bylaws, and maintain properties, among other important tasks.

Key challenges in management of Condominium's include:

  • Tracking in-progress purchases and changes of ownership
  • Managing scheduled & one-time charges, and transferring charges when ownership changes
  • Calculating scheduled charges based on percentage of ownership or number of shares
  • Collecting payments from residents and fees from owners
  • Fulfilling work orders and processing vendor invoices
  • Enforcing property rules and bylaws
  • Maintaining a list of board members, and creating sign-off sheets for board meetings
  • Generating one-time charges for retroactive fee changes
  • Associating owners with multiple units, and units with multiple owners
  • Managing purchasing and payables, and controlling inventory
  • Creating reports, including availability, receivables, payables, and financial statements