Posted by IKO Community Management on January 19, 2017 at 9:00 AM
Residential home builders and real estate developers understand that “each project’s ultimate viability and marketability depend on how well every phase of development is planned and executed,” according to First Service Residential, a nationwide property management company.
“To secure their interests and add expert knowledge, guidance, and value at every stage of development,” many developers partner with local property management companies, like IKO Community Management, for expert insights, best practices, and innovative plans and solutions for potential roadblocks and other challenges.
So, what makes our partnership different?
We have extensive resources.
IKO Community Management’s team consists of educated and certified individuals who are experienced in various fields of property management, including HOA management, real estate, accounting, construction, administration, property inspection, and more. Because of these backgrounds, we have access to extensive resources and educational opportunities to better our developer services for your planned community’s needs.
Our team has local market knowledge.
When you choose to partner with a local company, you get the intimate local market knowledge that is necessary for filling rental vacancies, hiring the right contractors for maintenance, and more. A local company allows developers to establish and/or expand personal connections to residents in neighborhoods, high-rise communities, and other properties.
We've partnered with developers in Maryland, including Montgomery, Frederick, Prince George’s, and Carroll counties as well as Washington, D.C. and Northern Virginia. Our market knowledge in these areas is unparalleled.
We differentiate each community.
Great property management companies know how to create a balance between executing a developer’s vision and serving future residents. We expertly consult on upcoming trends to help create each planned community’s distinctive identity.
Our team differentiates the scope, size, complexity, unique needs, and requirements. There are a handful of details and factors necessary to skillfully strategize and implement a customized plan for a homeowners association and its governance structure, amenities, lifestyle and social programs, pre-management, property readiness, transition, new construction planning, and more.
Our team is full of effective communicators.
When discussing plans during the construction process, it is vital that property managers speak with more than the developer. Our team effectively communicates with landscape architects, land planners, attorneys, civil engineers, and other professional partners to discuss costs, action items for streamline operations, and other items of importance.
We offer a complete brochure of developer services.
For developers, IKO offers budget and capital planning, vendor management and selection, HOA board orientation and training, full-service accounting, insurance analysis, move-in procedures, rules and regulations enforcement, reserve forecasting, welcome packages, turnover and transition meetings, and project-specific programs.
We understand the needs of today’s buyer and renter.
IKO’s partnership with developers is different because we understand the needs and wants of today’s homebuyer and renter. Secondly, we do not solely rely on the developer’s industry knowledge.
For example, did you know that the average American will move about 11 times in their lifetime, according to Urbaneer? For this, we would suggest developing single-family homes, condominiums, and high-rises for growth and quality. Smaller, turnkey design in centrally located areas is the new trend, and IKO knows how to compromise with both the developer and today’s buyers and renters for any scenario.
From budget conceptualization to build-out and turnover, our goal is to build sustainable relationships between developers and potential homeowners and renters. We believe that each planned development is unique, and no solution is the same as another. We will continuously work and communicate with you throughout the entire process to ensure nothing but success.
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