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Frequently Asked
Questions
What are the
benefits of professional management?
GAP's professional management provides continuity
in operations, single source accountability and price stability.
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How is the initial
transition handled?
Upon being awarded a management contract, GAP
immediately begins the transition of management. This is neither a
difficult nor time consuming process. We come to the property to
review and inventory accounting records, contracts and operating
procedures. We then establish an implementation plan.
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Will the Board
lose control?
No. The Board actually has a greater level of
control and leverage. GAP's function is to carry out Board
directives, provide experienced recommendations, set up documented
operating systems and procedures and establish a level of continuity
through management support. The Board continues to set policy and
direction and to sign all checks and contracts. All professionals
such as the Association's attorney and CPA continue providing their
services. The Board also continues to have complete control over the
on-site staff.
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Will the Board have
to put in as much time?
No. Although the Board ultimately has final
authority and responsibility for the operation of the Association,
GAP provides many useful tools in assisting the Board in their
decision making, such as comprehensive monthly management reports,
identifying qualified contractors, development of certain
non-technical bid specifications, detailed spreadsheets to
accurately compare bids from competing vendors, etc. All of these
functions help alleviate the amount of time required by the Board in
the operation of the Association.
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What does the Association have to lose?
Absolutely nothing. There are no start up fees and
no termination fees or penalties. In effect, the Association
benefits in areas of increased organization, job descriptions,
procedures, manuals, etc., all of which remain with the community.
The process is very simple. Either complete our Fast Action Form, or
call us at 973-777-1053, so we can learn more about you and your
property. Once we have that information, we will analyze it and
get back to you with an offer, which will be within 72 hours. You
can then determine if you would like to accept or decline our offer.
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