COMMERCIAL PROPERTY MANAGEMENT
WE CAN TAILOR A PROGRAM THAT MEETS YOUR SPECIFIC BUSINESS NEEDS.
Cape Associates is a financially stable, third-generation, family owned business now in our 51st year of serving Cape Cod. As one of the largest builders and property managers on Cape Cod, our Property Management Division manages over 500 residential and commercial properties on the Cape and surrounding area. All property management clients receive the benefit of our company’s building and property management experience, local market “know how”, and reputation for integrity, commitment, and quality.
As a commercial Property Management client, Cape Associates will provide you with a level of expertise that will cover the realm of all your commercial property needs.
COMMERCIAL MANAGEMENT OFFERINGS
FINANCIAL MANAGEMENT
Financial administration and management will be completely handled, with Cape Associates responsible for:
- Issuing invoices
- Collecting payments
- Managing receivables
- Making deposits
- Approving and paying vendor invoices
- Reconciling bank accounts and providing monthly financial statements to the Board of Trustees
ANNUAL SERVICE CONTRACTS
Management of all annual service contracts will be fully taken care of, with Cape Associates responsible for:
- Managing ongoing "annual service contracts" for all year-round and seasonal service needs
- Negotiate contracts
- Draft recommendations for the Board
- Review and "level" bid responses
- Manage scheduling and inspect work
PROJECT MANAGEMENT
As a 50 year old company with various service departments, Cape Associates has the ability to self-perform and be responsible for:
- Any needs, technical advice, or services with an incomparable level of expertise
- Providing project management services for larger scale repairs or projects
- Preparing comprehensive property inspection
- Developing and prioritizing urgency of a project and associates budgets
- Finding reliable subcontractors due to our many years of relationships in the industry
- Helping the owner maintain their property
BUDGET MANAGEMENT & CAPITAL PLANNING
Oversee an Annual Operating Budget for all elements of common property, with Cape Associates responsible for:
- Create a budget for projected capital repairs or replacements
- Base a budget on historical and projected costs
- Reserve funding requirements
- Establish condo fees and apportion them to owners
- Assist in developing ongoing annual budgets
- Establish near term funding targets
GOVERNANCE
Cape Associates will introduce more transparent and efficient communications between the Property Manager and the Board by being responsible for:
- Compliance with deeds, bylaws, and rules & regulations
- Preparing agendas and supporting documents, as well as attend Annual Owner and periodic Board meetings
- Working side by side with legal and municipal resources as needed to collect past dues, interpret documents, and comply with local ordinances
- Maintaining relationships with business owners on the Board of Trustees for condominium companies
OTHER SERVICES … LET US NEGOTIATE AND MANAGE ON YOUR BEHALF
- Landscaping irrigation
- Alarm monitoring and maintenance
- Septic inspection and maintenance
- Heating and air conditioning
- Trash removal
- Snow removal and sanding
- Paving maintenance
- Cleaning services