ETPM Schedule of Fees

SCHEDULE of

SERVICES &

FEES

CONTRACTOR

ALTERATION

AGREEMENT

We are Proud

to present this

Proposal to you for the

Site Management and Property Maintenance

of your Brooklyn Condominium/Coop Building

THIS IS AN ESTIMATE FOR THE REQUESTED SERVICES AND CONTINGENT UPON

AN OFFICIAL SITE VISIT AND MEETING WITH THE CONDO BOARD PRESIDENT

These services & schedule of fees are subject to change.

BUILDING OPERATIONS
FINANCIAL MANAGEMENT

BUILDING MAINTENANCE
OWNER SERVICES

SCHEDULE OF FEES
REPORTS

Thank you for considering us.

ETPM was founded on the principle of treating our clients' properties as if they were our own. As Owners, we know what it means to need quick responses to problems, to have transparent and accurate accounting, to want our property to be clean and well maintained, and to have to budget for what we want and need.

We get it.

As a company, our clients benefit from our extensive knowledge in property management, but also from our generational experience as a licensed & insured general contracting firm and as licensed real estate professionals.

Among the services provided to efficiently manage your property, our clients receive the following, as an ETPM client:

● 24/7 Emergency Support

● Online owners’ site*

● Online common charge & fee payments*

● Easily accessible and transparent reporting*

● Save money on supplies and contractors

● Expert cleaning & maintenance services

● Backed by a 40+ years Licensed & Insured General Contracting Company

● Incorporated, licensed & insured

● Licensed Real Estate Brokerage Services

* These services are delivered where contracted for full-service management.

If you still have questions about what exactly does Property Management mean, here are some answers to the questions we get asked the most. ETPM FAQs

After reviewing our proposal, should you have any questions, comments, or want to request adjustments, don't hesitate to reach out.

We look forward to servicing your property!

Edward Torres

President/Owner

E.T. Property Management, Inc.

edward.torres@etproperty.management

Specializing in

General Contracting | Property Management | Real Estate

www.teametbk.com | info@teametbk.com

Building Operations

Supplying a peace of mind to our Owners knowing that someone is available at all times to answer their concerns, manage repairs and respond to maintenance emergencies is what our Building Operations Management service provides.

Supervise the maintenance of the general physical upkeep of the building
Respond to resident requests, concerns and complaints
Preventative maintenance inspections
Maintain building supplies
Safety oversight
House rules oversight
Fuel / Energy / Utility / Elevator inspection & management*
Oversee and coordinate the renewal of service contracts
Laundry facility maintenance and coin collection & deposit
Building efficiency consulting
File all necessary building department documents
Project management for capital improvements*
Project management for unit renovations*

Financial Management

Processes are streamlined, requests are easily tracked, and all records are transparent. Implementing these technological tools substantially increases the productivity of all personnel. Our Financial Management handles:

Collection of common charges, rents, fees, assessments, and other charges
Bill & common element payments
Bill & vendor document filing
Delinquent account management
Building income & expense monthly reports
Operating budget preparation
Reserve & operating account management
Coordination with CPA on building audits & tax matters
Insurance procurement & review
Condominium tax abatement applications and renewals*

Notice of Expenses

ETPM Makes every attempt to ensure the safety of the buildings we manage while saving the association time and unnecessary expenses. Any foreseeable expenses exceeding $1,500 will require board review and approval. Expenses that may be billable above $500 without obtaining approval usually include emergency service invoices received by vendors post repair. In those cases, those invoices are usually nonnegotiable and must be paid accordingly.

Building Operatons

Financial Management

Building Maintenance

Ensuring your property’s interior and exterior are in clean and functioning order at all times, and that your building and amenities are a safe and enjoyable place for all residents to live in is at the core of our Building Maintenance Service.

Dedicated building porter
Trash, recycle & compost curbside placement
Exterior steps, entrance, and sidewalk maintenance
Dedicated building cleaner
Interior hallways, steps, and vestibule maintenance
Exterior common space maintenance
Maintain stock of building supplies: trash bags, recycle bags
Monthly inspections to quality check the cleanliness of the property
Additional cleaning due to extreme weather*
Snow removal & salt application*
On call property manager for maintenance emergencies

Building Maintenance

Owner Services

Using the technology of our current times, we leverage the most modern applications available in our industry, that help in creating a relationship between our company and our properties to operate more efficiently and effectively. Our Owner Services include:

Online owner portal for payments, association files, tasks requests
Online board portal for reports, building files, tasks request management
Online tenants portal for rent payments
Community message boards & contacts
Cloud based filing system for building specific documents
ETPM preferred vendor list
Move In/Out Supervision*
Sale Application Preparation*
Refinance Application Management*
Leasing Application Preparation*

Owner Services

Schedule of Fees

Updated March 2023
New clients
Deluxe Payment Exchange
Business Services Manager

Monthly Management Fee
- SEE CONTRACT PAGE
  - Charged to the association
  - Billed on the 25th of the month for the upcoming month
  - Includes all services listed as Building Operations, Financial Management, Owner Services and Building Maintenance unless the contract expressly states that the services are not included

New Account Set-Up - Building
- $250/$500/$20 per unit + $50 for Remote Check Printing Service
  - Charged to the association
  - One time administrative fee
  - Creates the buildings’ owner/tenant accounts, owners' online payment systems, bank reconciliation account, task management system, filing system, reporting systems, financial accounts, and updates all billing details.
  - Initial review of all service contracts to ensure the building is meeting requirements
  - Deluxe Payment Exchange - eCheck system allows us to issue e-payments to non-utility vendor

Supplies Maintenance
- $50-$300
  - Charged to the association/property owner
  - To be determined once we can evaluate your monthly supply usage
  - Charged as needed

Snow Removal [last edited 7-12-2021]
- $100.00+ per visit
  - Snow removal and salt application visits as called for

Emergency or Unscheduled Site Visits
- $150.00 per visit
  - Charged to the association/unit owner
  - Covers a property manager emergency site visit during off hours or weekends
  - Covers a property manager unscheduled site visit that occurs outside the routine & scheduled site inspections

Business Services Manager
- $$ various
  - Tax Filing - $500-$2,000
  - Bookkeeping - additional $1,200
  - CPA Financial Statements - additional $1,300
  - Audited Financial Statements
  - Insurance Writing

Rental/Lease Application
- ONE MONTH’S RENT
  - Charged to the approved tenant where ETBK Real Estate is the listing agency
  - Covers standard brokers’ fees, management application fee, document management, one credit check, new tenant account, move in/move out inspections
Rental Tenant Application
- $175 per tenant on the lease
  - Charged to the approved tenant [s] where ETBK Real Estate is NOT the listing agency
  - To be paid with submission of the rental application
  - Covers document management, one credit check, new tenant account, move in/move out inspections

Refinance & Sales Application
- $250/$500/$750
  - Charged to the owner/buyer
  - To be paid with submission of the buyer application
  - Covers management application fee, document management, query management, one lender application,
    one credit check, new owner account, move in/move out inspections, board notification, board interview coordination where applicable
  - Fee is subject to change based on the complexity of the application

Move-In & Move-Out Deposit - Refundable
- $500
  - Charged to the new unit owner and the outgoing unit owner
  - Paid at closing, payable to the association

Renovation Management - Individual Units
- $150 each site inspection
  - These inspections are to ensure contractors and vendors are meeting NYS building codes, association rules, and general safety practices. ALL owners implementing renovations are required to complete an alteration agreement. Whether or not unit specific renovation inspections will be mandatory will be at a vote of the board. Should the board decide they do not want to implement mandatory renovation inspections, then a waiver will be signed to remove ETPM from all oversight liability.
  - Charged to the unit owner
  - Paid per inspection, once an alteration agreement has been completed and all documentation has been uploaded by the unit owner & contractor per the instructions HERE.

Project Management - Building Capital Improvement
- $Included/$150
  - These inspections are to ensure contractors and vendors are meeting NYS building codes, association rules, and general safety practices. ALL building capital improvements will require the contractor/vendors to complete an alteration agreement per the instructions HERE.
  - First mandatory building inspection will be performed at no cost
  - Charged to the association
  - Paid per inspection