Compass Management (720) 408-1200

Compass Management
Compass Management
Compass Management

Community Association Management

Compass Management holds the Community Association Manager (CAM) license, as required by the State of Colorado, and is qualified to offer services to Commercial Associations. Examples of Commercial Associations include Office Business Parks, Medical Office “Condo” Buildings, Retail Shopping Center Developments, and Industrial Parks. These properties consist of individually owned units/lots, which, in accordance with the Governing Documents for the development, are part of an Association; the Association is responsible for maintaining the common areas of the development including, but not limited to, parking lots, walkways, streets, landscaping, irrigation, snow removal, waste removal and lighting. Each Association’s specific responsibilities will vary by property type and will also be detailed in the Governing Documents. Compass Management considers each property type, the Governing Documents, and the Board’s feedback, and uses that information to customize each contract to best meet each client’s needs. Some of the services offered to our Commercial Association Management Clients include:

Accounting Services

  • Monthly Reporting
  • Annual Budgets
  • Invoicing & Collecting Monthly Dues Payments
  • Accounts Payables
  • Annual Tax Returns (we work with a CPA who prepares the returns)

Facilities Management Services

  • Maintenance Contracts
    • Parking Lot Sweeping
    • Landscaping
    • Water Feature Maintenance
    • Snow Removal
    • Janitorial Services
    • Pest Control
  • Vendor Screening and Recommendations for Owner’s Individual Needs

Cloud Based Access to:

  • Governing Documents
  • Financial Reports
  • Minutes (Annual Meetings & Board Meetings)
  • Tax Returns
  • Approved Vendor Lists
  • Insurance Policies

Assure Compliance with Colorado Laws

  • Registration with Department of Regulatory Agencies, Colorado Real Estate Commission
  • Work with Legal Counsel to Update/Create Policies
    • Required by Colorado
    • Required by the IRS
    • And Other Recommended for Risk Management

Board Meetings and Annual Meetings

  • Scheduling
  • Facilitating the Meeting
  • Preparation and Distribution of Agendas and Supporting Documents
  • Preparation and Distribution of Minutes

Compass Management does not provide services to Home Owners Associations (HOAs).

Note: As you are looking at hiring a manager for your community, be sure to hire only companies who are in compliance with the state regulations, and have their Community Association Manager’s license.