1

Conduct a complete physical analysis of the building, including but not limited to the exterior of the building, mechanical systems, public areas, individual units, commercial space.

2

Analyze the property in relation to comparable properties in order to determine where to create additional value

3

Create a plan of what needs to be done, including estimated costs and funding options.

4

Analyze the building’s financial conditions. This includes exploring areas where revenue can be increased and expenses lowered. Review of the current mortgage, as well as looking at the ability of shareholders or unit holders to bear additional costs to help fund capital improvement projects.

5

Meet with the board and shareholders or unit-holders to explain the plan and solicit their input and approval.

6

Acting in a flexible manner by reviewing the plan frequently and anticipating any possible changes that need to be implemented. It is the role of the managing agent to be certain that capital projects are on schedule as well as in accordance with the budget.