Tuesday, 24 February 2015 06:00 AM
The New Strategy will Focus on HOA and Condominium Associations
CHARLOTTE, NC / ACCESSWIRE / February 24, 2015 / Cedar Management Group, an Accredited HOA Management Company based in Charlotte, North Carolina, recently announced new strategies to help Homeowner and Condominium Associations reduce short and long term expenses. This exciting and industry changing service solution allows communities to keep services and offerings for owners while cutting cost and reducing expenses.
Paul Greiner, President of Cedar Management Group, said that the desire to reduce expenses was the driving force behind the strategy.
"This is important to all associations. As the desire to increase reserve funding and limit association dues increases continues to grow, Boards of Directors must find ways to reduce cost and maintain services to owners," he said.
"Our CPM Model allows Boards to better understand cost and re-allocate funds in a revolutionary way. By spreading long term cost over time, associations can be better prepared for the future and can reduce costs, which leads to savings."
The new CPM model introduced by the condo management company has already helped hundreds of associations in North and South Carolina, Greiner said. For instance, he noted that one community was able to identify long-term savings of almost $50,000 dollars. This allowed them to better fund the reserves for the community and avoid a 15 percent hike in dues and or special assessment.
"Cedar Management Group continues to refine the CPM process and is continuing to look for additional ways to apply the principals of this strategy to all aspects of HOA and Condominium Association Management," Greiner said.
"We encourage Board of Director members to contact us, so we can show them how our process and strategies can help their communities reduce cost and expenses over time."
Cedar Management Group is based in Charlotte, NC. The company has office locations in Columbia, SC, Asheville, NC, Hickory, NC, Greensboro, NC and two locations in Charlotte, NC. Cedar Management Group currently represents over 55,000 units in both Carolinas with over 200 community associations under management. The company is celebrating 10 years of service in the Carolinas in 2015 and they have earned an AAMC accreditation from the Community Association Institute and they have almost 100 team members.
About Cedar Management Group:
Cedar Management Group is an accredited HOA management company based in Charlotte, NC and providing management services to community associations in North Carolina and South Carolina with office locations in Charlotte, Asheville, Hickory, Columbia and Greensboro. For more information, visit http://www.cedarmanagementgroup.com/
Contact:
Paul Greiner
[email protected]
(704) 644-8808
SOURCE: Cedar Management Group