Association Management

D.A. Rich Company specializes in the management of condominium/homeowners’ associations. Our company delivers a wide range of expertise and association management services that can be tailored to an organization’s needs and their budgets while providing strong support to Board leaderships.

Financial Services

Distribution of monthly statements for all charge notices
Collection of common charges
Timely journal entry of data and deposit of fees collected
Assessment of late charges and referrals to attorney made in accordance with policies of the association
Collection follow up working in close liaison with attorney
Receipt, approval, and payment of bills
Production of a balanced general ledger with cash receipts and disbursement journals
Reconciliation of bank statements for each account
Preparation of financial statement and data for accountant
Tax preparation, if applicable
Preparation of recommended annual budget or for the following fiscal year and update asset-life study

Administrative/Clerical Services

Organizing attendance at meetings
Performance on database maintenance
Recordkeeping of maintenance and retention
Development of yearly management plans
Working in liaison with attorney
After hours answering and coordination of emergency services
Supervision and enforcement of rules and regulations
Coordination of insurance
Organization for compliance with Connecticut General Statutes
Overseeing all correspondence/mailings

Maintenance Services

Bid preparation, coordination, evaluation, and recommendations
Collection, review, and evaluations of work orders
Record keeping of work history by unit, building, and type of work
Respond to necessary work orders
Coordination of minor repairs and maintenance
Inspection of the property
Supervision and inspection over the work of all on and off-site personnel and vendors