Association Management, Inc. is a subsidiary of FirstService Residential Management (FSR). FSR is the largest manager of residential communities in North America, overseeing more than 5,600 properties and over 1.3 million residential units across 19 U.S. states and three provinces in Canada. Properties managed include low-, mid- and high-rise condominiums and co-operatives as well as large scale master-planned and active adult communities. In addition, it manages residential rental and REO properties for institutional and private equity clients.
FSR is a subsidiary of FirstService Corporation (NASDAQ: FSRV, TSX: FSV), a global leader in the rapidly growing real estate services sector, providing a variety of services in: commercial real estate, residential property management, and property services. As one of the largest property managers in the world, FirstService manages more than 2.3 billion square feet of residential and commercial properties through its three industry-leading service platforms: Colliers International, one of the third largest global players in commercial real estate services; FirstService Residential Management, the largest manager of residential communities in North America; and Property Services, including Field Asset Services, one of America’s largest providers of property preservation and distressed asset management and FS Brands, one of North America’s largest providers of property services through franchise networks.
FirstService generates over US$2.2 billion in annual revenues and has more than 23,000 employees worldwide. Further information may be obtained at www.firstservice.com.
AMI – Your Management Solution
Association Management, Inc. (AMI) offers a full range of professional residential and commercial community association management services to over 250 communities in Houston, Austin, and San Antonio and surrounding areas. AMI was founded in 1979 and utilizes their prestigious reputation, wealth of experience and trusted vendors and contractors to solve many management issues for their clients.
What can AMI manage for you?
Association Management, Inc. (AMI) manages property owners associations. AMI is engaged by each community’s Board of Directors to provide a complete range of services for the community, including:
Administrative Services
These services include:
- Planning, organizing and assisting in the conduct of community association Board meetings, Committee meetings and Owners meetings
- Guiding and assisting the Board in the performance of their duties
- Maintaining the records of the Association
Financial Services
These services include:
- Assisting the Board of Directors in preparing the annual budget
- Handling these financial duties:
- Collection of assessments
- Payment of bills
- Preparation and review of monthly financial statements
- Administration of the payroll
- Assisting the Association’s auditor
Physical Property Services
These services include:
- Regular property inspections to ensure adherence to architectural standards and to verify contractor performance
- Bidding and negotiation of ongoing maintenance contracts as well as contracts for major repair, and replacement or enhancement projects
- Supporting the Board in identifying community challenges and opportunities
- Implementing the Board’s decisions in order to build community and to help maintain and enhance property values.
- Providing consulting services to Boards for special projects
- Developer Services include:
- Reviewing proposed governing documents from an operational perspective
- Creating development guidelines
- Preparing original budgets and cash flow projections, etc.
The AMI Advantage
Experience
AMI utilizes their unparalleled experience to provide value in ways that are often difficult to quantify, such as:
- Guiding Community Boards in anticipating potential issues and planning appropriately
- Auditing past performance and making improvements based on best practices
AMI’s professionals have extensive experience in the industry. Many have earned the prestigious PCAM, AMS, and/or CPM designations from the Community Associations Institute (CAI) and the Institute of Real Estate Management (IREM), respectively. AMI is proud to include on its team:
- 7 Professional Community Association Managers (PCAM)
- 6 Accredited Management Specialists (AMS)
- 3 Certified Property Managers (CPM)
Teams
AMI provides a dedicated, professional team of people to attend to the needs of each community. These teams are focused on providing high-quality, personalized service to individual communities.
Each team includes:
- An Administrator
- A Financial Specialist
- A Service Specialist
Purchasing Power
AMI’s innovative approach to insurance, banking and contract services provides significant benefits to each Association.
- Insurance
- AMI master policies provide broader coverage at significantly lower rates with lower deductibles than the regularly offered policies
- AMI’s group benefits program provides medical and 401(k) benefits for community employees who might otherwise not have access to such benefit which helps retain valued personnel
- Banking
- AMI has established a unique relationship with a regional bank ensuring that each Association’s money is working for it at all times. Banking benefits include that each account:
- Earns significantly higher interest
- Has no restriction on the access to their funds
- Incurs substantially reduced banking charges
- Contract Services
- AMI has built strong relationships with numerous contractors and vendors. Communities benefit from:
- High quality warrantied work
- Savings from Preferred customer rates
- Properly insured vendors and contractors who agree to indemnify the Associations
AMI Emergency On-Call
AMI offers an Emergency On-Call service to assist owners in emergency situations. AMI facilitates the appropriate response to emergency situations. This service includes:
- Two AMI managers are on-call 24 hours per day, 7 days per week – including weekends and holidays
- Access to available contractors and vendors:
- Plumbers
- Electricians
- Restoration specialists
- Other contractors