For association boards
What your management company should be doing, and how to check.
Most boards inherit a management agreement they did not negotiate and never read again. This page is written to be useful to your board whether or not you ever contact us.
Already a homeowner with us?
Free, and there is no catch
One page, written to be forwarded to the rest of your board and read in a meeting. It is deliberately not about us. If you read it, ask your current manager these questions, and get good answers, then you already have the right company.
What you get
- What your agreement should say about reserve funds, and what to do if it is silent
- Which financial reports your board is entitled to, and how often they should arrive
- How to tell whether maintenance is being coordinated or merely logged
- What questions to ask about vendor selection and whether bids are competitive
- What a transition to a new manager actually involves, including the disruption
Seven associations, between 66 and 250 units each, several of them still being built out. Newer communities have a specific problem: the developer hands over control while construction is ongoing, and the first boards inherit reserve studies and vendor arrangements they had no part in setting up.
Financial administration
Assessments collected, budgets prepared, reserves tracked against the study.
Vendor management
Contracts held, work scheduled, invoices reconciled against what was agreed.
Maintenance coordination
Common area work orders raised and tracked to completion.
Meeting support
Materials prepared ahead of board meetings so decisions happen in the room.
Covenant administration
Enforcement applied consistently and on record, which is what makes it defensible.
Developer transition
Support for boards taking over from a developer while the community is still being built.
Prepared by
Justus Kidd, licensed Kansas real estate agent, licence 251163, brokered by Real Broker, LLC.
Cornerstone Management LLC, Wichita. Seven associations and more than 500 doors under management.
He is responsive, hard-working and trustworthy.
We will prepare a written review of how your association is currently being managed. It goes to your board, not to us, and if your current manager is doing a decent job the review will say so.
For boards considering a change
A written review of how your association is currently being managed, prepared for your board.