Transition to Dermer Management
Our objective has never been to grow into a factory-style management company where buildings become numbers on a spreadsheet.
Instead, we have focused on carefully building a portfolio of properties where we can remain actively involved, responsive, and committed for the long term.
We believe that successful property management is measured not by how many buildings a company acquires, but by how many buildings choose to remain with that company year after year, decade after decade.
For more than 30 years, our clients have continued to place their trust in Dermer Management. We are proud of those relationships and grateful for the opportunity to continue serving the communities that have been part of our story from the very beginning.
Our transition review typically includes:
- Building operations and maintenance procedures
- Service contracts and vendor relationships
- Professional service providers
- Financial reporting and internal controls
- Insurance coverage and risk management
- Regulatory compliance requirements
- Building systems and physical plant conditions
- Repair and maintenance needs
- Reserve funding and capital planning
- Long-term operational objectives
The goal is to complete the transition phase with a clear roadmap for the property’s future.
By proactively addressing operational, financial, and physical aspects of the building, the board is able to make informed decisions, establish realistic operating budgets, and develop a comprehensive capital improvement plan.
As we complete the transition process, we work closely with the board to evaluate both short-term and long-term financial implications, helping the community plan responsibly for future projects and ongoing building needs.
Successful property management begins with a successful transition.
Our objective is simple: understand the property, identify opportunities, address challenges proactively, and establish the foundation for a long-term partnership built on communication, planning, and results.
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The 5 Step Transition Process
The Property Manager and Comptroller will create a list, customized for your property, of all documents to be turned over which will be approved by the board and submitted to your prior property manager for preparation.
Our Director of Property Management, Comptroller and Property Manager carefully review all documents and records and cover the following items in the process:
- Confirming all corporate compliance, legal and operating safeguards are in place
- Coordinating all changes with your current vendors, and consulting with potential vendors for future needs
- Ensuring no lapses exist in insurance and other critical contracts
- Securing all legal documents and operational agreements
- Distributing initial communication materials to residents, including a welcome letter
- Facilitating building employees’ transition to Dermer
Our Comptroller coordinates the transition of all funds from the prior property manager, opens bank accounts if applicable and sends a detailed report to the board treasurer and accountant..
Dermer will mail to all residents a customized introduction letter introducing ourselves with all of our contact information. Included will be instructions on how owners and residents can sign up on our website and will include our protocol for all emergencies, maintenance and accounting calls. This intro letter will help the residents familiarize themselves with Dermer and help transition more efficiently.
Our team will customize your transition list that will be reviewed with you as we start to work through all of the maintenance and other items.