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“If you refuse to see two sides of an issue, you have rendered yourself blind in one eye.”
“Strive not to be a success, but rather to be of value.” – Albert Einstein
“Remember the three R’s...Respect for self; Respect for others; and Responsibility for all your actions.”
Commercial Realtor Fredericksburg

RESIDENTIAL AND COMMERCIAL MANAGEMENT

Blackwood Management is a professional property management company proudly serving the greater Fredericksburg area. We specialize in delivering experienced, responsive, and effective management services for residential and commercial associations. Our current portfolio includes both residential and commercial associations as well as individual commercial properties.

PROFESSIONAL MANAGEMENT SERVICES

At Blackwood Management, Inc., our approach to service can be summed up in three words: execution, execution, execution. We understand that the most common reason management companies fall short is a failure to consistently deliver on the fundamentals. Our commitment is to execute the essential tasks of association management every day. We invite you to explore our services and contact us to discuss how we can help you achieve a better-managed community and property.

Our Association Management Services Include:

• Data Management
• Site Management
• Financial Management
• Contract Services Management
• Enforcement of Governing Documents

DATA MANAGEMENT & TECHNOLOGY

• We utilize a leading industry software designed specifically for association management. This state-of- the-art system provides fully integrated accounting and superior control of all accounts.

• The software maintains accurate records on unit accounts, owner histories, violation tracking, delinquent accounts, property maintenance, payables, receivables, computer check writing, deposit reporting, and bank reconciliations.

• Vendor management is streamlined with comprehensive tracking of all vendor accounts.

FINANCIAL MANAGEMENT

• Each Landlord, Board of Director or individual member has access to their online portal 24/7.

• We professionally manage all aspects of billing, collections, and financial record-keeping using accrual-based accounting practices.

  • Our full-time financial manager is available to assist owners with association or property-related financial inquiries.
  • Online payment options are available for assessments and rent.
  • We assist associations in establishing websites for easy access to community information.
  • Comprehensive financial records are maintained, including balance sheets, income statements, and general ledgers. We also assist CPAs with annual compilations, reviews, audits, and tax return preparation.
  • Assessment statements are provided on a monthly, quarterly, or annual basis, with diligent follow-up on delinquent accounts in accordance with association and landlord policies.
  • Financial reports are prepared for landlords and Boards of Directors, along with supporting materials for annual, regular, and special meetings as needed.

SITE MANAGEMENT

  • We conduct regular site inspections and provide detailed reports to landlords and Board of Directors.
  • Potential insurance claims are promptly addressed, and settlements are handled as required.
  • We ensure that all necessary insurance coverage is in place and compliant with landlord rules and requirements or association governing documents.

CONTRACT MANAGEMENT & TECHNICAL SERVICES

  • Oversight of property renovations includes budget preparation and obtaining competitive pricing.
  • Our team prepares bid specifications, solicits and evaluates competitive bids, and submits contractor proposals to the landlords or board of directors. We also monitor contractors for general maintenance, landscaping, security services, pool management, snow removal, and waste disposal.
  • We assist developers in creating and establishing commercial or residential property associations.
  • We review foundational documentation, organize and oversee initial meetings and elections, and support new boards in their governance roles. Additionally, we help develop and implement community guidelines and rules.
  • For existing associations, we provide expert guidance to establish efficient and effective procedures, processes, and rules. We also review governing documents to identify and address potential issues.

At Blackwood Management, Inc., we are dedicated to providing reliable, results-driven management services. Contact us today to discover how we can support your community’s success.