OPERATIONAL MANAGEMENT

Northern Virginia Management, Inc. is committed to innovation and quality property management because we always focus on four factors that are critical to the success of all Associations.

Superb Financial Management: Northern Virginia Management, Inc. uses generally accepted accounting principles and a widely accepted computerized financial management software and general ledger system to track Association transactions and prepare operating and reserve budgets. Northern Virginia Management, Inc. also works closely with Association Boards to prepare long-term financial plans, reserve fund budgets, and ensure that reserve and operating funds earn the highest interest available in secure accounts.

Economical Operational Management: Northern Virginia Management, Inc. helps write contract specifications and ensures that work is done promptly according to the contract. Northern Virginia Management, Inc. also submits monthly reports to the Board based on its periodic inspections of Association property. Northern Virginia Management, Inc. will work with the Board to develop comprehensive specifications on file for all Association recurring contracts. All contracts will be competitively bid on a regular basis to ensure that the Association receives the best return for its investment. Northern Virginia Management, Inc. will also work closely with the Board to develop an updated operations manual and other documents that will promote efficiency and cost-effectiveness.

Professional Owner Information Maintenance: Northern Virginia Management, Inc. maintains association records in its database, with backup copies off-site, and makes this information easily available to Associations. Northern Virginia Management, Inc. also creates and maintains database files about Association mortgages and notifies mortgagees about Association events in accordance with its bylaws.

Frequent and Timely Communications: Northern Virginia Management, Inc. organizes special meetings and produces informative newsletters and timely maintenance updates. Northern Virginia Management, Inc. will also provide legislative and court updates on such topics as Association operations, fee collections, architectural rules, and parking regulations.

The above-mentioned factors enforce Northern Virginia Management, Inc.’s commitment to innovation and quality property management as well as incorporating how Northern Virginia Management, Inc. will use its many years of successful experience managing multi-family residential properties in northern Virginia. This will improve Homeowners Association’s efficiency and effectiveness, reduce operations costs, and upgrade the quality of its services.