FAQ

FAQ2023-02-06T11:50:58+04:30
How to choose the right OAM?2023-02-21T12:57:42+04:30
  • Identify your needs and requirements in an OAM.
  • Research and evaluate OAMs based on experience and reviews and communicate with the OAM to meet your requirements and budget. It is also imperative that you find out the responsiveness in problem solving and issue handling skills of an OAM.
What is Owners Association Management (OAM)?2023-02-21T12:31:03+04:30

An Owners Association Management refers to the administration and management of a Jointly Owned Property ensuring better living for the residents and hassle-free management of the property for the property owners/owners association in terms of building services such as maintenance, enforcement of rules and regulations, collection of service charges, budgeting and financial management, and overall representation of the community under the mandate of Real Estate Regulatory Agency.

5 things you must consider before hiring an OAM?2023-02-21T13:00:49+04:30
  • Experience and qualifications of the OAM Company and its staff.
  • Reputation and references from previous clients and authorities.
  • Compatibility with your community’s specific needs and culture.
  • The scope and cost of services offered.
  • Availability and responsiveness to handle emergencies and unexpected situation
What are the responsibilities of an OAM Company?2023-02-21T12:59:19+04:30
  • Administering and enforcing the community’s governing documents (e.g., by-laws, rules and regulations).
  • Maintaining common areas and facilities.
  • Handling financial management and budgeting for the community.
  • Providing regular communication to homeowners, committee members, and other stakeholders.
  • Assisting in organizing and conducting committee and member meetings.
  • Responding to homeowner inquiries and concerns.
  • Overseeing vendor contracts and relationships.
  • Facilitating the resolution of conflicts within the community.
  • The exact scope of work may vary based on the size and complexity of the community, and the specific needs of the association.
  1. What is Owners Association Management (OAM)?

      An Owners Association Management refers to the administration and management of a Jointly Owned Property ensuring better living for the residents and hassle-free management of the property for the property owners/owners association in terms of building services such as maintenance, enforcement of rules and regulations, collection of service charges, budgeting and financial management, and overall representation of the community under the mandate of Real Estate Regulatory Agency.

  1. How to choose the right OAM?
  • Identify your needs and requirements in an OAM.
  • Research and evaluate OAMs based on experience and reviews and communicate with the OAM to meet your requirements and budget. It is also imperative that you find out the responsiveness in problem solving and issue handling skills of an OAM.
  1. Responsibilities of an OAM company
  • Administering and enforcing the community’s governing documents (e.g., by-laws, rules and regulations).
  • Maintaining common areas and facilities.
  • Handling financial management and budgeting for the community.
  • Providing regular communication to homeowners, committee members, and other stakeholders.
  • Assisting in organizing and conducting committee and member meetings.
  • Responding to homeowner inquiries and concerns.
  • Overseeing vendor contracts and relationships.
  • Facilitating the resolution of conflicts within the community.
  • The exact scope of work may vary based on the size and complexity of the community, and the specific needs of the association.
  1. 5 things you must consider before hiring an OAM
  • Experience and qualifications of the OAM Company and its staff.
  • Reputation and references from previous clients and authorities.
  • Compatibility with your community’s specific needs and culture.
  • The scope and cost of services offered.
  • Availability and responsiveness to handle emergencies and unexpected situations
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