WELCOME PROCOM ON-BOARD - JULY 1, 2022

 
From: "SV Residents" <no-reply@PROTECTED>
Date: June 6th 2022

WELCOME PROCOM ON-BOARD - JULY 1, 2022

The Symphony Village Board just approved a 6-month contract with ProCom Inc. to provide property management services for our community. This can be approved on a 12 month basis annually thereafter. They will start on July 1, 2022 and hire our current staff who will remain on-site and continue their management and maintenance responsibilities for us.

Why hire ProCom?

  • A 32-year-old company providing senior professional property managers
  • Manages over 50 HOA’s
  • Has managed SV finances for 6 years 2017-2022
  • Will oversee and advise SV staff
  • Provides regular staff training
  • Responsiveness to their client – the SV HOA
  • Ensure maintenance of SV HOA services
  • In event of extended staff absence will provide temporary staffing
  • In event of staff departure will recruit experienced replacement

Our SV Process Remains the Same:

  • Our Staff remains full time working on site
  • Our SV Committees continue efforts to recommend policies and projects
  • The HOA Board continues to work with management and committees
  • The HOA Board decision-making process for the community remains the same

What We Gain Financially:

  • The Financial Management contract is no longer necessary as service comes with new contract
  • The Payroll and Benefit contract with Human Resources Inc is no longer necessary
  • ProCom has reasonable company fees, over management expenses, of $1500 per month

What Will ProCom do Initially?

  • Learn the full parameters of the services that Symphony Village HOA provides to our residents
  • Coordinate with the HOA Board on community plans and expectations
  • Evaluate our current operation and production level
  • Evaluate the need for a fourth person
  • Develop a management plan for more efficient operation and staff deployment

Staff Benefits:

  • Retain SV salaries
  • Similar ProCom Medical plans
  • Capability of establishing Health Savings plan with SV start-up bonus contributed
  • 401k matching plan from ProCom
  • Training, skilled senior manager oversight and access

Symphony Village Board of Directors

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