What is the role of an external management company?
An external management company’s role is to replace the existing house committee in a building or to develop, in collaboration with the house committee or representatives on their behalf, procedures and regulations designed to reduce the burden and hassle of managing a shared building. Managing a building involves a lot of work that takes up time from the tenants and also requires efficient professionals with time and knowledge in the subject so that they can manage the building in the best way possible without harming the quality of life in the shared building.
In recent years, with the development and growth of the construction industry, managing house committee taxes in a shared residential building has become a burden and a lot of hassle, including dealing with tenants who refuse to pay or are late in paying, to dealing with municipal systems that require knowledge in the field.

What services do we offer as a management company?

1. Collection and accounting:
   • Collection of house committee taxes from residents of the shared building.
   • A variety of house committee payment options including credit card, bank transfers and depositing checks.
   • Legal handling of house committee refusals to pay – issuing warning letters and legal action against refusals to pay
   • House committee account management – depositing house committee payments and current expenses required for building management. Consolidating payments to suppliers and transferring payments to suppliers.
   • Annual budgeting of building operation and maintenance expenses.
   • Transparency and reliability towards representatives on an ongoing basis – presenting semi-annual and annual financial reports to building residents.
2. Building operation and maintenance:
   • Testing the building systems and their integrity according to the system standard and schedules established in advance with the tenants
   • Building an annual work plan for handling the building systems and presenting it to the building’s tenants with full transparency.
   • Supervision of the professionals and the service they provide to the building’s systems – a detailed list of the best and leading professionals in their field
   • Providing a quick response to building problems such as a burst water pipe – immediate treatment by calling a plumber and closing the water line for treatment, leaks, electrical problems, etc.
   • Providing basic services such as gardening, cleaning and security and complex services such as testing fire detection systems, disinfecting water reservoirs and cleaning the building’s exterior.
   • A building caretaker service, to handle wear and tear and minor problems, for example replacing light bulbs and repairing cylinders on a regular basis.
3. Handling special projects:
   • Accompanying the TAMA 38 project throughout each stage of the project from beginning to end.
   • Supervision of work by the company’s engineer/engineer
   • Performing inspections of construction defects
4. Handling and arranging insurance for the building such as: third party, building and house committee
   Our representatives will be happy to be at your service by answering the phone 24/7. We are committed to responding to every inquiry and arranging the fault. Electrical and plumbing problems will be handled within four hours of receiving the report, faults in other matters will be handled 24 hours from receiving the report.

We will also be happy to come to you to perform an initial inspection at no cost and without any obligation.

So how do you start the engagement with us:
Step one –  a non-binding meeting between a representative from the company and the representatives of the tenants.
At the meeting, we will conduct a full review of the condition of the building and its systems, the tenants’ representatives will present the current conduct of the building and present their expectations for future maintenance.
Step two – convening a tenants’ meeting
At this meeting, accompanied by a representative from the company, it will be decided whether the management of the building’s committee will be transferred to our company. According to the Real Estate Law and the existing bylaws for a condominium – the decision must be made by a two-thirds majority of the apartment owners. After the decision to transfer the building to an external management company is made, the company will issue a price quote (which includes the committee fees and management fees) that will be presented to the building’s members. Approval of the price quote will result in a contract with the company for continued management.

Our representatives will be happy to assist you by phone 24/7.
We will also be happy to come to you for an initial inspection at no cost and without any obligation.
Contact us