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The C.O.R.E. Approach to condominium management
Your Association is Your Business
C.O.R.E. approaches management as if we are your contract employees. The Association is your business and we are agents. We carry out the decisions that the board makes by working with the appropriate contractor and monitoring their work to ensure it is done right.
We believe that all accounts and contracts should be in the name of the Association. We do not use trust accounts for the Association's banking, we manage your Association's bank account.
C.O.R.E. is focused on helping you run an effective business for your Association.
Preparation and Documentation are Key
Our approach to accounting and financial management is focused on ensuring the necessary steps to detect and prevent fraud are followed every day.
It starts with preparation. We document the steps that are essential to preventing and detecting fraud and then ensure they are followed. We require documented approvals by appropriate board members and ensure that all spending is authorized and necessary for the association.
Our focus is on protecting assets. This means always ensuring that vendors are performing the work they were hired to do and that the amount charged met expectation. It means meeting with the board and committees to ensure that all spending is planned and within the scope of the budget.
Focused on Common Elements
Keeping the common elements in great shape is the primary purpose of the condominium Association and the major responsibility of the board.
C.O.R.E. works with the very best contractors and monitors their work to ensure that the condo's common elements, and the limited common elements assigned to owners, are well-maintained in accordance with the desires of the owners and the board's goals.
Board Meetings
C.O.R.E.'s approach is focused on doing the research and providing actionable information to the board to help with decision making.
A week before board meetings, we prepare a briefing book which identifies areas where we need board input and which gives the directors the executive-level view of what is happening and what we see coming up.