Comparison Self Managed vs PMC - South Ver.

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4 Reasons to Hire a Management Company

SELF-MANAGED COMMUNITY

FIRSTSERVICE RESIDENTIAL MANAGED COMMUNITY

Volunteering as a board member for your association shouldn't consume so much of it. FirstService Residential is your partner in property management, providing support around liability, customer service, budgeting and other resources your community needs to thrive. We take the bulk of day-to-day management off your shoulders and give you back your time.

These days, your TIME is more valuable than ever.

FIRSTSERVICE RESIDENTIAL

SELF-MANAGED COMMUNITY

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1. Liability

FirstService Residential mitigates risk and limits liability for board members with:

• Human Resources
• Vendor Programs
• Compliance Experts

• Tech Solutions
• Customer Support
• Potential Cost Savings
• Banking & Insurance Partnerships

Boards handle all risk and liability for your association around:

• Safety
• Policy Management
• Compliance
• Insurance
• Data & Information Security

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FIRSTSERVICE RESIDENTIAL

SELF-MANAGED COMMUNITY

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• Financial Planning
• Budget Strategy
• Buying Power

• Preferred Insurance Rates
• Accounting Expertise
• Financial Reports
• Preferred Lending

2. Budget Optimization

FirstService Residential identifies any potential savings in your overall budget and opportunities to generate more revenue with:

Boards are responsible for:

• Contracts
• Special Assessments
• Payroll
• Insurance
• Reserve Funding
• Investments
• Collecting Dues
• Accounting
• Annual Budget
• Vendors

FIRSTSERVICE RESIDENTIAL

SELF-MANAGED COMMUNITY

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• Property Managers Handle:
• Resident inquires
• Work requests
• Communication Technology:

• Web portals
• Email/SMS platforms

• 24/7 Customer Care Center
• Live associates based in the U.S.
• Assistance in any language
• Amenity Management
• Lifestyle Programming

3. Customer Service

FirstService Residential takes the lead on resident satisfaction.

Boards must manage resident satisfaction.

• Community Vision
• Compliance
• Communication
• Preventive Maintenance
• Lifestyle Programming
• Property Values

FIRSTSERVICE RESIDENTIAL

SELF-MANAGED COMMUNITY

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• Specialized Expertise
• Vendor Programs
• Training & Support
• Buying Power

• Cost Savings & Revenue Generation
• Legislative Updates & Compliance

4. Resources

FirstService Residential gives your community, board and residents access to:

Boards serve your community by managing:

• Budgets
• Vendors
• Service Contracts

• Property Staff (Hiring, Training & Retaining)
• Payroll
• Resident Engagement & Inquiries
• Capital Improvement Projects
• Communication

• 9 Ways to Improve Communication

• Should I use a management company?

Helpful Links

• The Development of a Successful Manager

Contact FirstService Residential to start the conversation.

How much time and energy can you save by partnering with the right management company?