EXPERT FINANCIAL SERVICES TAILORED TO YOUR COMMUNITY

At Andrews Organization, we understand that effective financial management is the backbone of successful property operation. Our financial services are specifically designed to meet the unique needs of residential properties throughout the New York metropolitan area. We provide thorough, tailored financial planning and reporting that allows board members and property managers to focus on what they do best: creating a comfortable community for residents.

Comprehensive Financial Planning for Seamless Operations

Effective financial oversight is essential for maintaining a successful property. Our experienced team collaborates closely with board members to craft annual budgets that are not only realistic but also aligned with your building’s long-term objectives. We don’t just create budgets; we engage in proactive financial analysis and forecasting that positions your property for continued growth. Our commitment to understanding your community’s specific financial landscape allows us to offer insights that turn financial planning into a strategic asset.

When board members have confidence in their financial plan, they can make informed decisions that resonate with residents’ needs and expectations. Furthermore, our ongoing consultation ensures adjustments can be made swiftly in response to market changes or emerging opportunities.

E-Billing, Statements, & ACH Payments

Embracing technology for efficiency is essential in today’s fast-paced environment. Our e-billing services streamline the payment process for both residents and property managers. We provide clear statements and facilitate ACH payments, making it easier than ever for residents to fulfill their obligations while ensuring your accounts are updated without delay.

Streamline Payments: Simplified payment processes for all users

Clear Invoicing: Transparent statements for easy understanding

Fast Transactions: Ensure timely updates on financials

Touchless Billing: Reducing face-to-face interactions for convenience

Enhanced Efficiency: Operational workflows that work seamlessly

Monthly Bank Reconciliation & Financial Reporting

Staying on top of financial matters is critical for any property. Our dedicated team conducts monthly bank reconciliations to ensure all account activity is accurately accounted for, leaving no margin for error. Additionally, our detailed financial reporting provides board members with a clear and comprehensive view of the property’s financial health.

With our support, boards can enjoy easy tracking of property performance through insightful reporting, thereby empowering informed decision-making. This transparency not only helps in managing current operations but also protects the long-term interests of homeowners and stakeholders.

Accurate monthly bank reconciliations to maintain financial integrity

In-depth financial reporting for easy tracking of property performance

Support for strategic decisions through data-driven insights

Conceptualization of Project Scope and Budget

Establishing project scope and budget is a critical first step of capital project planning that outlines the project’s needs, deliverables, tasks, deadlines, and costs. Project failures are often caused by cost and schedule overruns which stem from poor or delayed scope definitions. Having a well-defined and realistic scope prior to the start of a project dramatically increases its success.

Façade Restoration

Façade restoration is essential to building maintenance and upkeep. Not only does it ensure that safety codes are being met, but it raises the aesthetic value of your property. Façade damage is cumulative and often builds up slowly over time. Though required for many buildings, it is not mandatory for all (depending on height and number of floors,) so unless regular inspections are performed, it is easy to miss critical issues that could become hazardous if left unaddressed.

Elevator Modernization

Elevator modernization improves safety standards and performance that inevitably deteriorates over time. An elevator’s service life is approximately 20 years, at which point performance capabilities start to decrease. This can result in breakdowns, a need for frequent maintenance, slow mobility, etc. New codes also factor into the need for significant overhaul or replacement. Modernizing elevators increases their efficiency, saves on energy costs, and ensures resident safety.

Boiler & Fuel Replacement

Heating and hot water systems also have a design life. This goes for fuel systems supplying this equipment as well as domestic gas to individual units. Even with proper maintenance, boilers and plumbing corrode to the point that replacement allows for more efficient equipment as well as lower maintenance and operational costs. Developing a schedule (as replacement involves decommissioning of equipment and thereby the usual supply of heat and/or hot water) is as important as the scope, options, and implementation of the overall installation plan.

Building Reconstruction

Many buildings in NYC are landmarks or historical sites. Reconstruction is essential to keeping the structures up to safety code while preserving their historic design and significance. Reconstruction requires an individualized approach to each project and a high level of precision and nuance.

Roof Installation

A roof is an integral part of any building’s envelope, as it is tasked with protecting the entire structure. Eventually, roof replacement is necessary for all buildings as roofing materials inevitably deteriorate. When repairs are no longer sufficient for roof effectiveness, a complete new roof installation will need to be considered.

Amenity & Infrastructure Upgrade

Though not necessarily critical to the same extent as structural and systems upgrades, enhancement of amenity spaces such as gyms, pools, laundry-rooms, and roof decks, as well as building aesthetics such as entry lobbies and hallway alterations, are critical in a building’s ability to stay current and appealing. Due to such upgrades typically being non-emergent, identifying a scope and cost allows for proper scheduling into the overall capital improvement plan of a building.

EXPERT FINANCIAL SERVICES TAILORED TO YOUR COMMUNITY

Comprehensive Financial Planning for Seamless Operations

E-Billing, Statements, & ACH Payments

SEGREGATED BANKING & POSITIVE PAY SERVICES

Monthly Bank Reconciliation & Financial Reporting