CONDO ASSOCIATION PROPERTY MANAGEMENT SERVICES
- Financial Operations -
Los Angeles, Downtown Los Angeles, Van Nuys,
North Hollywood, Woodland Hills, Canoga Park, Reseda, San Fernando Valley, Northridge, Chatsworth, North Hills,
West Hills, Hollywood, Burbank, Glendale, Pasadena, West Hollywood, West Los Angeles, Beverly Hills, Santa Monica,
Venice, Sylmar, San Fernando, Lake View Terrace, Simi Valley, Porter Ranch, Granada Hills, Mission Hills,
Knollwood, Pacoima, Panorama City, Arleta, Sun Valley, Sunland, Tujunga, La Crescenta, Altadena, La Canada
Flintridge, Warner Center, Winnetka, Valley Glen, Verdugo City, Montrose, Sierra Madre, Arcadia, Monrovia, Westlake
Village, Thousand Oaks, Agoura Hills, Calabasas, Tarzana, Encino, Sherman Oaks, Valley Village, Studio City, Toluca
Lake, Universal City, West Toluca Lake, Eagle Rock, San Marino, Beverly Glen, Los Feliz, Silver Lake, Atwater
Village, Echo Park, Glassell Park, Cypress Park, Highland Park, Alhambra, San Marino, San Gabriel, Pacific
Palisades, Brentwood, Sawtelle, Culver City, Jefferson Park, Westlake, East Los Angeles, Monterey Park, Mar Vista,
Canyon Country, Santa Clarita, Westwood, Marina Del Rey, Inglewood, Valencia, Newhall, Castaic, Saugus,
Moorpark
- All of J & N Realty, Inc.'s Condo and HOA managers are properly educated and trained in
property and condo association management laws and regulations and can help the Board of Directors with regulatory
issues, compliance requirements, rule enforcement, maintenance, and any other matters a real property, homeowner or
condo association may face at any time during its existence. Our managers are also intimately familiar with the
Federal, State, and local landlord-tenant and fair housing laws.
- J & N Realty, Inc. has extensive experience at and is well versed in the management of troubled or
distressed townhome, townhouse, and homeowner association
(HOA) and condominium property (condo) communities in Los Angeles.
Such HOA and condo developments have been grossly mismanaged or neglected or both by their current
management companies or have been the victim of incompetent self-management. We are extremely skilled at and
successful in collecting delinquent assessments and enforcing governing documents. We have turned dozens of
homeowner association and condominium property communities around and have helped numerous
distressed common interest developments, HOA and condo association projects get back on their feet
in the Los Angeles county and its neighboring communities.
- Since it is rather hard to find contractors to perform small repairs at a reasonable price, we have our own
repair and maintenance crew to do small jobs. By using our in-house crew for small jobs, we have full control
over the crew's performance, job cost, and over the outcome of the jobs.
- We provide the Board of Directors with accurate, easy-to-understand, and complete
financial statements in a timely manner.
- Our staff members are knowledgeable enough to be able to coach and guide the Board of Directors and to
offer them professional advisement on practically every matter affecting the management and operation of condo
property developments. They are also trained and competent to perform the accounting, taxation, budgeting, and
reserve planning for any condo association.
- J & N Realty, Inc. accepts only those engagements which our HOA and
Condo Managers can reasonable expect to perform with professional competence.
- Our Condo and HOA Managers will act as a fiduciary on behalf of the Board of Directors
in handling the association's financial affairs and will put the association's interest above the manager's
own.
FINANCIAL OPERATIONS
-
J & N Realty, Inc.'s Condo
Managers:
1. Bank Accounts
- Establish and maintain in a bank approved by the Board, whose deposit is insured by
the FDIC, a separate bank account in the name of the association. Our staff will have authority to draw
thereon for any payment to be made to discharge any liabilities or obligations incurred pursuant to our contract
with the condo or homeowner association.
2. Assessment Collection
- Collect all assessments, late fees, collection charges, and fines due from the members of the association.
J & N Realty, Inc. will be authorized to request, demand, collect, and receive any and all charges and
assessments which at any time become due to the association and to follow up on delinquent charges and
assessments with timely notices. Condo managers will, at the request of the Board, initiate legal
proceedings required for the collection of delinquent charges and assessments against unit owners.
- As a matter of standard practice, furnish the Board with a summary of all delinquent accounts on a regular
monthly basis.
3. Cash Disbursements
- Disburse regularly and punctually funds deposited in the Association's accounts. Property managers will submit to
the Treasurer monthly an itemized statement of the Association's expenditures.
- Advise and, when authorize, endeavor to expend Association's funds to achieve the greatest
benefit for the homeowner association.
4. Budget and Financial Management
- Prepare an annual preliminary Pro Forma budget setting forth an itemized statement for the anticipated income and
expenses for the forthcoming fiscal year, together with a recommended schedule for assessments.
- Assist the Board in developing two and five-year narrative plans of operation. These plans will
be outlines for budget construction and support for the Association in an effort to chart a course for future
operations. Property managers will assess future operations and requirements for adequate
reserve and operating funds to provide for equipment replacement and projected building
deterioration.
5. Filings
- Prepare for execution and filing by the Association all forms, reports, and returns required by law regarding
taxes now or hereafter imposed.
6. Books and Records
- Maintain a comprehensive system of office records, books, and accounts in a manner satisfactory to the Board and
to such auditor as are retained by the Association. These records will be subject to examination by the Board and
by the members of the Association.
- Make books and records available for inspection by the Board of Directors and members of an
association in accordance with the governing documents and applicable law.
7. Financial Management Requirements
- Perform accounting using the accrual method for all financial reports.
- Continually review receipts and expenditures and provide notice to the Board of actual or pending obligations
that appear to represent an adverse trend relative to the adopted budget.
- Do not commingle association's funds with any funds with the funds of other Associations.
- J & N Realty, Inc. manages every property and condo property association in a proactive
manner by anticipating problems and solving them well before they become apparent to the Board of Directors. Our
formal training and vast knowledge in property and condo association management enable us to see developing and
lurking problems that other managing agents may miss, consider unimportant, or just simply do not care about.
- We endeavor to maintain a consistently high level of customer service and performance quality. High standard of
customer service and professionalism are the qualities upon we have been building our business, and we do not
intend to grow so big that we fail to fully promote and protect the interests of our greatest asset -- YOU.
- Our HOA and Condo managers provide the Board of Directors with accurate, easy-to-understand,
and complete financial statements in a timely manner. Our financial statements are maintained using accrual
accounting methods and with strict adherence to Generally Accepted Accounting Practices (GAAP) and industry
standards.
We Combine Academic Excellence And Extensive  Business And Management Experience To Respond To Our Los
Angeles Condo Clients' Management Needs
J & N Realty, Inc. -- real estate, property, planned unit development (PUD), townhouse, townhome, hoa, condo,
condominium, homeowner association, common interest development (CID) management services in
Los Angeles
- J & N Realty, Inc. provides property, homeowner association, townhouse, and condominium
management and services in the following cities and their surrounding areas (partial list, only):
Los Angeles,
Downtown Los Angeles, Van Nuys, North Hollywood, Woodland Hills, Canoga Park, Reseda, San Fernando Valley,
Northridge, Chatsworth, North Hills, West Hills, Hollywood, Burbank, Glendale, Pasadena, West Hollywood, West Los
Angeles, Beverly Hills, Santa Monica, Venice, Sylmar, San Fernando, Lake View Terrace, Simi Valley, Porter Ranch,
Granada Hills, Mission Hills, Knollwood, Pacoima, Panorama City, Arleta, Sun Valley, Sunland, Tujunga, La
Crescenta, Altadena, La Canada Flintridge, Warner Center, Winnetka, Valley Glen, Verdugo City, Montrose, Sierra
Madre, Arcadia, Monrovia, Westlake Village, Thousand Oaks, Agoura Hills, Calabasas, Tarzana, Encino, Sherman Oaks,
Valley Village, Studio City, Toluca Lake, Universal City, West Toluca Lake, Eagle Rock, San Marino, Beverly Glen,
Los Feliz, Silver Lake, Atwater Village, Echo Park, Glassell Park, Cypress Park, Highland Park, Alhambra, San
Marino, San Gabriel, Pacific Palisades, Brentwood, Sawtelle, Culver City, Jefferson Park, Westlake, East Los
Angeles, Monterey Park, Mar Vista, Canyon Country, Santa Clarita, Westwood, Marina Del Rey, Inglewood, Valencia,
Newhall, Castaic, Saugus, Moorpark
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