Equity Real Estate Services
Community Associations
We make your job easier.
At Equity Real Estate Services, we know that a lot
of work goes
into managing successful community associations. That's why we put our
expertise, knowledge and resources to work for you everyday.
To
begin, we introduce your association to innovative programs that can
save time and money. Then, we help you to find the right vendors to
partner with to meet your association’s special
needs. From there, our team of experts will assist in
overseeing operations and financial matters, managing staff and
maintenance needs, creating community newsletters and websites, and so
much more.
There's no question we
can't answer or problem that we can't help to solve. Equity
serves many communities throughout the Bryan/College Station area and
provides
unparalleled local advantages for your association and its members.
The right partner makes all of the difference.
As
with everything in life, having the right people on your side can make
a world of difference. At Equity, we
understand that much hard work goes into assuring that your association
runs smoothly while assuring that residents are pleased. It's a
balancing act unlike any other and one that we've perfected.
When you choose Equity as your management
partner, you get a carefully selected community management team that
will help maintain the balance. From full community
management to
project consulting, your Equity manager and
administrative team can handle the full range of duties with confidence
- from managing meetings, to handling correspondence, from preparing
financial statements to coordinating maintenance needs and answering
questions from the board of directors or association members at large.
As an industry pioneer and innovator, we at Equity Real Estate Services
take pride in managing successful associations in the Bryan/College
Station and the greater surrounding areas. We have a proven
track
record of helping associations just like yours run smoothly and in
accordance with their governing documents and statutory requirements.
Blending
local, personal service with industry expertise.
At Equity, we have a deep respect and
appreciation for each of our communities, no matter the size. We never
forget that each community is special and has unique needs. In fact,
it's our depth of hands-on experience that helps us provide personal
attention with industry expertise.
We have the personal
touch. With Equity, you never lose that individual
attention. But you can also benefit by tapping into the
collective
experience of our management experts. When we talk about
industry "best practices," we can
deliver.
We are local. Our offices are managed locally, showing our devotion to your neighborhood, the communities we serve,
and to our well-trained staff which is committed to increasing the
value of your investment.
We are a team. It takes more than
one person to manage a community association. Equity's team of proven
professionals works together to help increase
the value of your community, provide complete management and financial
services, and focus on your issues as needed. Community
association
management requires expertise in a broad range of diverse disciplines
and Equity Real Estate Services excels in them all, including
accounting and collection services, building maintenance, architectural
compliance, statutory review, and governing document implementation and
interpretation.
The
quality of management can dramatically impact operational costs, the
quality of life for the residents and the appreciation of their
property values.
The
purchase of a home represents the largest investment most people will
ever make during their lives. Protecting and enhancing the property
values of these homes is one of the primary purposes of a community
association and a key driver of Equity's service menu and
programs.
The
determination of property values, however, is not an exact science. Property values are often determined by the marketability of the home
and its surrounding community.
Communities develop
reputations. Some are well maintained and look great. They are valued
by their residents for providing vital and efficient services. Their
residents are happy, and enjoy where they live. As a result, these
communities often achieve greater appreciation in property values than
others. And the reason can usually be attributed to good management.
So
what is the value of good management... and likewise the cost of poor
management? Let's create an example: If a community has 100 homes, and
each home has an average market value of $350,000 then the total
collective property value of the community would be $35 million (100
homes x $350,000). If, as a result of being well managed and
maintained, the property values within that community rose 5% instead
of 4% per year, then the collective incremental increase in property
values achieved through good management would equate to an astounding
$350,000 ($35 million x 1%)!
The value of good management in this example would result in an additional
$350,000 for the community or $3,500 per home per year.
Conversely,
if the community was not maintained or managed as well, the collective
cost of poor management would equate to the same $350,000. Ironically,
some communities consciously choose to reduce the quality of their
services, diminish the appearance of their buildings or grounds, or
select a cheaper management company in the belief that they will save a
few dollars.
Unfortunately, a savings of five or even ten
thousand dollars in management fees or services, in this example, would
have instead resulted in the loss of $350,000.
Take a
look at your own community and perform the same calculations to roughly
determine your association value. Is your community making the same
mistake?
In addition to the
day-to-day care that Equity provides to each of the communities we
manage, we also look at the big picture. We create our services and
educate our professionals not only to serve our residences with
individual attention and integrity, but also to protect the value of
the homes we oversee.