Property Managers

Property managers are long-term thinkers. Property management companies assist condominium associations in maintaining the buildings and grounds associated with these complexes.  In addition to many other responsibilities, property managers work with their condominium associations to ensure that sufficient reserve funds are being collected for repair and replacement of all major capital expenditures for building systems and components for the upcoming 15, 20 or 30 years.

Team Engineering works with property managers to evaluate the current condition of all major building systems and components.  The engineer’s assessment will take into account building materials used, construction quality, remaining useful life and ultimate replacement costs of the material or building components. A thorough Reserve Study is critical to getting an accurate projection of repairs for budgeting.

Life-cycles in dollars and cents. The data from the engineer’s assessment is entered into a computer program which calculates annual reserves that will be needed at the time when the capital expenditure is expected to occur. With this knowledge, property managers and their clients have a snapshot into future liabilities that may put a strain on their current reserve fund. By comparing current funding levels with these forecasted expenditures, we can provide useful projections that indicate where shortfalls may occur. 

If short falls occur, funding options are developed by Team Engineering for the property manager to discuss with their clients and choose the option that works best for them.  As these repairs and upgrades are implemented, we update the projected reserve budget for a condominium association on an annual basis. A major review every 5-7 years is a good strategy for maintaining a healthy reserve fund.

Effective cost management is the hallmark of a successful property manager. Team Engineering helps to keep the reserve fund locomotive on track!

Testimonials

I highly recommend!

I worked with Brian Hansen. He is extremely professional and was very innovative in finding solutions to issues I was having. I highly recommend him! Working with the rest of his company was enjoyable as well.... Read More

They listen

Besides being qualified, skilled, and professional, Team Engineering is focused.  They listen. John turner and Dan Martel must have dozens of appointments and work lined up every day. But when they meet with you, they are focused on doing the best job possible for whatever problem you hand them.  And... Read More
Deborah Dearborn

Saved us from a possible money pit!

Brian Hansen came out to look at a house I almost bought.  His knowledge and written account of what he saw showed my wife and I that maybe this was not the house for us.  After Brian inspected the foundation on short notice, he sent us a report within a... Read More
Daniel Ellsworth

Nancy Nichols and her colleagues were outstanding from the start.

After researching three other engineering firms, our neighborhood association hired Team Engineering to prepare a capital survey for us. We made the right decision. Nancy Nichols and her colleagues were outstanding from the start. They kept in contact with us on a regular basis throughout the process. Nancy spent an entire... Read More
Connie May

Nancy Nichols and her colleagues did an OUTSTANDING job.

I've had recurrent problems with ice dams and ceiling leaks since 2008. Because previous repairs were unsuccessful in preventing recurrences I asked Team Engineering to analyze the problem and recommend solutions. Nancy Nichols and her colleagues did an OUTSTANDING job. They thoroughly analyzed the problem and suggested solutions. They then helped... Read More

1 2 3 7
Have a question?
(603) 497-3137