What does professional building management cost?
The monthly fee is only part of the answer. The bigger costs are the ones a building pays for neglect.
The real cost of neglect
These are the expenses that arrive when nobody looks after the shared spaces.
Repairs that grew
A small leak, crack or fault that nobody checked turns into a major repair that every owner pays for.
Equipment that wears out early
Elevators, pumps and boilers without regular servicing fail sooner — and replacing them costs far more than maintaining them.
Money that never arrives
When fees go uncollected, the money runs short, and urgent work waits for funds that are not there.
Apartments worth less
A neglected building lowers the value of every apartment in it, and makes them harder to sell or to let.
Every building is quoted individually
What management costs depends on your building: its size, the number of entrances and elevators, its amenities and the level of service the owners want. After a free walkthrough we prepare a written proposal for your board, with the scope of work and the fee — before anyone has to decide.
What a management contract can include
Agreed with your board and written into the contract — one team, one point of responsibility.
- Daily cleaning of lobbies and stairwells
- Oversight of elevator servicing
- Technical maintenance and repairs
- Roof and basement inspections
- Shared lighting and electrics
- Water supply and drainage
- Pool and gym upkeep
- Courtyard and garden care
- Snow clearing in winter
- Access control and intercoms
- Video surveillance of shared areas
- Management of waste areas
- Collection of monthly fees
- Follow-up of arrears
- An annual budget for the board
- Selection and supervision of contractors
- Monthly reports to every owner
- Preparation of general meetings
Separate contractors, or one manager
Separate contractors
- Everyone responsible for one thing — The cleaner, the electrician and the elevator company each do their part, and nobody is responsible for the whole
- The board coordinates — Your chair personally calls, chases and checks every contractor
- Problems found by residents — Work starts only after someone complains
- Payments without a trail — Invoices, cash and receipts scattered across different people and different years
- No overall picture — Nobody can tell the owners what the building will need next
DEED Building Management
- One accountable manager — One contract and one team responsible for the whole building
- We coordinate — We select, schedule and supervise every contractor
- Problems found on inspection — Planned checks find problems before residents do
- Every payment on record — Receipts and reports for every dram
- A plan for the building — An annual budget and priorities that your board approves
What does your building need?
Find out with a free walkthrough.
Tell us about your building. We will walk through it with you, write down what we find and send your board a written proposal — with no obligation.