Our experienced insight, perspective and analysis brings clarity that benefits our clients.

 

When you run into unusual, unique one-time and large-scale issues affecting your building and property, can you turn to someone who knows how to solve your problems?  We know what to do.  We know how to build the team of professionals to guide your Association.  We know the steps you must follow to ensure your project stays on budget, on schedule, and has the least amount of disruption for your owners.

 

Our advisory services to clients include: governing document interpretation; development of rules, regulations, policies and procedures; personnel, hiring, training and staffing; operating and capital budget development; development of periodic maintenance schedules; major capital project coordination; professional team building; operating policy and document development; and proactive property management services.  

 

Major capital replacement, renovation, rehabilitation and deferred maintenance projects take up significant time and resources.  Planning, coordination and administration/bookkeeping for such projects (typically defined as a project that: is not included within the normal annual operating budget; may not be found in a typical reserve study; requires special homeowner funding; and/or has an estimated service life of more than 5 years) require experienced and knowledgeable professionals to guide your Association. 

 

The principals at OPMC and Elite have served as advisors and project coordinators for dozens of extraordinary projects with combined cost of over $40 million and counting for our condominium association clients.  These extraordinary projects include solving water infiltration issues, structural failure, balcony rehabilitation, siding and cladding deterioration and replacement, roof replacement and second-generation infrastructure asset replacement.  

 

At a local association a heated dispute broke out at their annual meeting because owners questioned payments made to board members.  Elite was brought in to take over the association finances.  We took over immediately.  We researched the items and quickly found support for the questionable payments.  We were able to put to rest any suspicions about checks issued to board members.  But in process of conducting our review we discovered that unit owners were paying incorrect condo fees for the past ten years because the Association was not following the common interest allocation in their Master Deed.  We brought this to the attention of the board, determined the correct condo fee allocation for every condo unit in the entire association and offered advice on how to correct the errors in a fair, equitable and legal manner.   

 

Since 1992, we have provided additional contract and litigation related services to our clients including certifications, depositions, professional opinion, expert witness testimony and court-appointed receiverships.  We have guided associations through purchase of real and intellectual property and establishing development restrictions for future projects.  We have prepared adequacy budgets and streamline reserve schedules for inclusion in public offering statements. 

 

We have good working relationships with municipal and government officials throughout the area at the local county and state levels.  We understand DEP and CAFRA rules and guidelines as they apply to the Southern New Jersey area. 

 

We have the unique experience and accessibility help potential buyers compare and evaluate seashore condo associations.  We guide buyers to ask the right questions before the purchase.