Redmont Management L.L.C. – What We Are About

A Brief Introduction

Redmont Management L.L.C. was founded in 2005, we specialize in the management of Homeowners Associations. We currently manage over 30 developments in Lakewood, N.J.

Our primary job is to manage the Association as the homeowners see fit, as is outlined by the by-laws and the Homeowners Association Board. We do not set policy, nor do we decide on any expenditure, as we are simply a conduit to fulfill the Associations requests. We at Redmont, make it a priority to try and make sure that everything that is done is based on the Board’s directives.

Redmont has no subsidiaries thus we do not profit off any work that gets performed in the development. Since this may be a conflict of interest at times, this policy will never change unless we thoroughly discuss this with the board prior to such an arrangement from occurring.

Our number one agenda and goal when managing a development, is to show true smart fiscal responsibility. We will always try to obtain the cheapest contractors to perform all the work. Having said that we will also try to make sure that we will not get sucked into “a too good to be true” situation where a lesser of amount of money was in essence wasted by sub-standard performance and results.

We regularly supply the Association Board with reports and an itemized check list where each and every check written can be clearly viewed. Transparency is vital when working with Boards and Homeowners and we try to accomplish that.

Office

Our office is run by a truly professional office manager; whom has over 18 years of experience and over 10 years of experience dealing strictly with Homeowners Associations. Anyone working in the office must be truly competent as well. We don’t charge for any of our services. We do however charge the Association an annual supplies fee (envelopes paper and etc.), based on the true expenses of the supplies (or at least estimated expense), in addition for charging for postage of all billings and mailings. The supplies charges for most developments are typically between $300.00 – $600.00 depending on the size of the development.

• Monthly, quarterly or annual billing as per arrangement.
• Credit Card Billing[1]
• Accounts Receivable
• Accounts Payable
• Bank Reconciliations
• Financial Reporting
• Letter writing and mailings
• Responding to e-mails
• Collections calls and collection letters[2]
• Logging records of all collection attempts
• Debt referral to our legal liaison
• Call screening for any maintenance issues needed to be relayed to the managers

[1] If such arrangements were authorized by the Board. We can arrange to set this system up should you wish to do so and you provide us with the necessary paperwork.

[2] While we try very hard to collect all debts we cannot guarantee the collection of these debts. As specified, our office will reach out by phone, letters, and email, place liens as well as pursue other tactics. However, we cannot actually guarantee results. Please note, that since we aren’t a collection agency and we aren’t privy to homeowners S.S.# placing items on their credit report is extremely difficult.