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Questions You Should Ask Before Making a Decision
- How many employees do you have?
Approximately 39 in the Camarillo office and 9 employees at various sites.
- Will CPM provide on-site personnel if requested?
Yes
- How many clients does CPM represent and what types of properties?
Approximately 109 common interest developments, ranging from 8 units to over 1,200 units.
- What is the total number of units CPM manages?
Approximately 12,500, of which approximately 50% are condominiums/townhomes and 50% single family detached homes.
- Does your firm carry a fidelity bond?
Yes, in the amount of $1,000,000.
- What other insurance does CPM carry?
Liability and workers compensation insurance
- Does CPM have systems in place for the handling of violations and owner-requested repairs to common areas?
Yes, both operations have been computerized and can provide the Board with monthly logs of the activity
- Will we be able to meet the Manager that CPM intends to assign to our Association prior to finalizing the agreement?
Yes
- Does CPM coordinate Transfer of Ownership?
Yes, CPM handles all of the coordination of documents for escrows for sale/purchase along with refinancing by the current owner.
- Does CPM use outside services?
No, CPM provides all of the association-required administrative and financial services with in-house trained staff.
- Does CPM assist with delinquency collections?
Yes, CPM has personnel that track and follow-up on the payment of assessments and special assessments.
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