Condo Management
Comprehensive Condo Association Management
No two communities are the same, especially when it comes to condominium associations. We believe that problems arise when management companies try to create a one-size-fits-all management solution. Our management approach is adaptive, placing the goals and objectives for your condo association first. We focus on enhancing the living experience for your residents by ensuring efficient operation and management in all aspects of the association’s governance and maintenance.
Governance
Assistance
We facilitate meetings, enforce community rules and regulations, and ensure legal compliance with state laws and association bylaws, to foster a harmonious living environment for all.
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Property
Oversight
We oversee vendor relationships to optimize all aspects of property maintenance and repairs, including common areas and amenities, to preserve property values and extend the life of your property assets.
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Financial
Management
We bring in expert accountants to ensure that your budget is accurate, dues are collected on time, and comprehensive financial reports are provided to maintain your association's fiscal health.
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Governance Services
No one loves those marathon meetings that seem to stretch on forever, right? We're here to change that. Our approach is all about making your meetings not just quicker, so you can say goodbye to those 3-hour marathons, but also more productive. Efficiency isn't just about being prepared and getting through the agenda faster; it's about making sure those same old issues don’t keep cropping up month after month. Let Foster Premier help you turn those meetings into something everyone looks forward to—for the right reasons.
Rules are there for a reason, but we all know that the way they’re enforced can really make a difference. We provide impartial enforcement of community rules and regulations, maintaining fairness and consistency. Our approach balances firmness with empathy, ensuring residents understand the importance of compliance while helping each resident feel heard and respected.
We use our knowledge and experience to act as a shield, protecting your community and officers from legal liability. With an eye on state laws and association bylaws, we ensure your community follows industry best practices and avoids legal pitfalls. Our proactive approach isn't just about dodging issues; it’s about infusing confidence and stability into everything you do. No more guesswork; just focus on what matters most—your community's wellbeing.
We are armed with the knowledge and understanding of condominium management complexities, so we can provide advice and solutions that best aligns with your needs.
Property Oversight
Stressing over budgets and dues is a thing of the past. Our network of expert accountants work tirelessly, employing best practices to ensure your budget is precise, and dues are collected efficiently. This setup not only ensures financial accuracy but also adds an invaluable layer of checks and balances, promoting financial transparency and stress-free finances.
There’s no underestimating the power of forward thinking, especially when it comes to financial sustainability. We collaborate with your board and leading reserve specialists, crafting long-term reserve plans that secure adequate funding for timely repairs, replacements, and other critical projects. This strategic approach is designed to bolster your community's financial health and ensure long-term sustainability, keeping your condominium association strong for years to come.
Knowledge is power, particularly in financial matters. Foster Premier is committed to transparency and clarity, providing comprehensive financial reporting that includes monthly financial statements, bank reconciliations, and summary reports. These detailed insights give board members and homeowners alike a clear picture of the association's fiscal health, supporting informed decision-making and promoting a strong sense of community trust.
Locally
owned & operated
30+ Years
serving Chicagoland
AAMC Certified
proven expertise
Financial Services
We work with your board every step of the way to insure your budget is on track, your monthly financials are ready and released on time, and your operating accounts are properly managed. We'll also work with your treasurer to assist in reserves investment and planning capital improvements. Foster Premier is here to help with experienced advice when it comes to making decisions that impact your community's financials.
We believe financial transparency is critical to maintaining a good relationship between a management company and the community members. That is why we work with a dedicated community association accounting firm. This 3rd layer of financial oversight gives our clients the peace of mind that your books are being responsibly and ethically managed.
When we take on your community management, we take on all of the tasks that take unnecessary time away from the board. That includes taking on the processing of fines and fees, collection of delinquent assessments, notices, and accounts payables. Every action is taken under the direction of the board, but without requiring the members of the board to interrupt your busy lives to deal with the details.
Resident & Board Member Support
Effective
Communications
Stay connected with automated updates and direct access to live support for all inquiries.
Administrative
Support
Comprehensive administrative care from document handling to meeting preparations, all streamlined for efficiency.
24/7/365
Resident Portal
Engage with your community anytime through our all-in-one, cloud-based management system, enhancing resident interaction and access.
Online Board
Invoice Approval
Board Treasurers and Presidents can easily approve invoice payments online through our user-friendly Board portal.