Compass holds the Community Association Manager (CAM) license in Colorado and is qualified to offer services to Commercial Associations. Examples of Commercial Associations include office business parks, medical office “condo” buildings, retail shopping center developments, and industrial parks. These properties consist of individually owned units/lots, which, in accordance with the Governing Documents for the development, are part of an Association. The Association is responsible for maintaining the common areas of the development, including, but not limited to parking lots, walkways, streets, landscaping, irrigation, snow removal, waste removal, and lighting. Each Association’s specific responsibilities will vary by property type and will also be detailed in the Governing Documents. Compass considers each property type, the Governing Documents, and the Board’s feedback and then uses that information to customize each contract to best meet each Client’s needs.
Some of the services offered to our Commercial Association Management Clients include:
Accounting Services
- Monthly Reporting
- Annual Budgets
- Invoicing & Collecting Monthly Dues Payments
- Accounts Payables
- Annual Tax Returns (We work with a CPA who prepares the returns.)
Facilities Management Services
- Maintenance Contracts
- Parking Lot Sweeping
- Landscaping
- Water Feature Maintenance
- Snow Removal
- Janitorial Services
- Pest Control
Vendor Screening and Recommendations for Owner’s Individual Needs
Cloud-Based Access to:
- Governing Documents
- Financial Reports
- Minutes (Annual Meetings & Board Meetings)
- Tax Returns
- Approved Vendor Lists
- Insurance Policies
Assure Legal Compliance:
- Registration with Department of Regulatory Agencies, Real Estate Commissions
- Work with Legal Counsel to Update/Create Policies
- As Required by State Laws
- As Required by the IRS
- Additional Services Recommended for Risk Management
Board Meetings and Annual Meetings
- Scheduling
- Facilitating the Meeting
- Preparation and Distribution of Agendas and Supporting Documents
- Preparation and Distribution of Minutes
Compass does not provide services to Homeowners’ Associations (HOAs).
Note: As you are looking at hiring a manager for your community, be sure to hire only companies who are in compliance with the state regulations and have their Community Association Manager’s license where required by state law.