Learn About Lundgren Management

HISTORY
The Lundgren Management Group, Inc. is a diversified property management company created in 1985. Kevin Kelliher, CEO, sought to combine his expertise in real estate sales and development with proven management techniques by forming a new company dedicated to the management of residential and commercial real estate. In 1997 The Lundgren Management Group, Inc. procured Advantage Management, a small condominium management firm. The merger of these two companies added additional portfolio properties and property management staff with a wealth of experience.


PROPERTY MANAGEMENT SERVICES

We offer the following property management services:
  • Arrange and oversee all of the day-to-day operations of the property.
  • Provide a 24-hour emergency service.
  • Provide a 24-hour emergency maintenance staff.
  • Create a continuing building and grounds maintenance program.
  • Create and update a Management Plan.
  • Obtain and create contracts for all necessary goods and services, create specifications and obtain bids for necessary contractual services.
  • Inspect the property on a predetermined schedule for defects, improvements and overall operations; notify the Association of recommended improvements or changes.
  • Maintain up-to-date association records to include all condominium documents, correspondence, contracts, insurance, financial records and maintenance records.
  • Provide an annual review of insurance coverages and cost.
  • Provide an annual review of current and future concerns for budgetary purposes.
  • Supervise and coordinate major repairs and improvements.
  • Train and supervise on-site staff.

CONDOMINIUM TRUST MANAGEMENT SERVICES
We offer the following trust management services:
  • Attend association meetings; prepare and distribute minutes to all meetings.
  • Attend annual association meeting.
  • Obtain and register all necessary association documentation.
  • Advise ad-hoc committees.
  • Educate trustees on condominium management techniques and ongoing changes in the field of
    real estate.

FINANCIAL MANAGEMENT SERVICES
We offer the following financial management services:
  • Provide a business address for all bills and receipts.
  • Prepare an annual financial statement for tax purposes.
  • Prepare an annual budget and reserve schedule for association approval.
  • Provide monthly statements of financial position including accounts receivable, accounts payable, disbursements, budget versus actual figures for current period as well as year-to-date and variances on the same.
  • Arrange for all association checking and reserve accounts.
  • Oversee the collection of condominium fees.
  • Provide lockbox service for condominium fee remittance.
  • Review all delinquent condominium fees according to association policy for possible attorney collection procedures or implementation of various new collection laws.
  • Pay all bills.
  • Provide financial resale documentation including 6(d) and insurance certificates.
  • Perform a monthly reconciliation of associationís bank-statements.

CONSTRUCTION MANAGEMENT SERVICES

We offer the following construction management services:
  • Orchestrate building renovations and major improvements.
  • Supervise and oversee projects from start to finish including permitting, zoning, etc.

The Lundgren Management Group Incorporated • 121 Captain's Row • Chelsea, MA 02150 • (617) 887-3333