Community Association Management

Biz BUYology, LLC 

WHAT IS A COMMUNITY ASSOCIATION?
WHAT IS A COMMUNITY ASSOCIATION MANAGER (CAM)?

Community association” means a commercial or residential property association in which membership is a condition of ownership of a commercial or residential unit which is part of a planned unit development or development scheme and which is authorized to impose a fee which may become a lien
on the parcel.

CAM
 - A “Community Association Manager” means a person who is licensed to perform community association management services including the following:

  • Practices requiring substantial specialized knowledge, judgment, and managerial skill when done for remuneration and when the association or associations served contain more than 10 units or have an annual budget or budgets in excess of $100,000;
  • Controlling or disbursing funds of a community association;
  • Preparing budgets or other financial documents for a community association;
  • Assisting in the noticing or conduct of community association meetings;
  • Coordinating maintenance for the residential development and other day-to-day services involved with the operation of a community association.

Our Team’s Community Association Management (CAM) Services 

  • Operate and manage the Association as contemplated in the Association’s governing documents.
  • Perform site inspections on a regular basis; report findings to President of Board or designee
  • Provide assistance to and act at the direction of Board of Directors
  • Maintain Association records and oversee payment for Association services
  • Attend Annual Association meeting and one Board meeting per month
  • Prepare proposed operating and annual budget for approval and
    adoption by the Board
  • Prepare regularly scheduled financial statements and reports, providing complete and accurate accounting of all funds
  • Develop effective assessments collection and accounts payable procedures.
  • Delinquencies will be tracked and reports will be provided to the Association as to delinquencies collection action plans
  • Maintain Association’s fiscal records in accordance with recognized and acceptable procedures
  • Manage assets of the Association; maintain office records and accounts, as well as bank account(s)
  • Obtain competitive bids and assist Board in selection of insurance companies, contractors and auditors
  • Promptly investigate accidents or claims for damage; make and file timely report(s) to insurance company
  • Receive service requests and complaints from Board and take appropriate action

Why Retain Property Management Resources CAM Services?

We are a unique association management company in many ways. First, we have expanded management services to both single-family residential and commercial property community associations. We specialize in the transition of community association.

We have found that it is imperative that clear, concise communication be maintained with the board of directors as well as all homeowners within the community association. Our Property Management Resources team is confident that our approach to managing your association, together with our highly skilled and well-trained management team will promote a cohesive partnership with the board of directors and the association, resulting in a successfully managed community.
“Life’s most persistent and urgent question is:  What are you doing for others?”

Dr. Martin Luther King, Jr.

WHY HIRE MANAGEMENT RESOURCES?


Biz BUYology, LLC

We are a local company, staffed with professionals who are prepared to make your life easier through prompt, courteous and effective management of your realty investments. There is a lot more to it than collecting rents, handling maintenance issues and filling vacancies, as listed above, and we are prepared to do it all for you. We understand your pride of ownership and the problems that can come with tenant occupied properties, whether commercial or residential. The frustration of dealing with showings on weekends and holidays. The inevitable plumbing and/or electrical problems at 3:00 in the morning, and, worst of all, the collection, notice, and potential eviction of a tenant you have “gone easy” on for months. These and all the other nuances of tenant occupancies are robbing you of the enjoyment that should come with your investment.

Property Management Services

  • ESTABLISH MARKET RENTS
  • ADVERTISING
  • APPLICATIONS
  • BACKGROUND SCREENING
  • INCOME VERIFICATION
  • SHOWINGS AS REQUIRED
  • EXECUTION OF LEASE
  • ESCROW ACCOUNTS
  • MAINTENANCE / REPAIRS
  • CONTRACTS WITH VENDORS
  • EMERGENCY NUMBER—24/7
  • COLLECTIONS
  • NOTICES
  • EVICTIONS

 

The Leaders in Equipment Appraisal for North Florida

You shouldn’t trust just anyone with determining a value for your machinery and equipment. Why? That’s a great question and we’re glad that you asked. Determining a value for machinery and equipment should be done by a “qualified” and “Certified” professional. An Appraiser that has proven experience, professionalism, and most importantly, is a Certified Machinery & Equipment Appraiser (CMEA).

You also should make sure that the appraisal company that you work with is USPAP compliant and prepares a Certified Machinery & Equipment Appraisal mandated by the IRS, CPAs, lenders, and the U.S. Small Business Administration. That way, you are assured that you are working with an industry leader who is a respected provider widely accepted and sought after by other professionals.

The Certified Machinery & Equipment Appraisers (CMEA) at Biz BUYology, LLC are widely known as a respected industry leader. Backed by experience and certification, our certified appraisals are prepared according to the ethics and reporting requirement mandated by the Uniform Standards of Professional Appraisal Practice (USPAP), promulgated by Congress and the Appraisal Foundation. It is the leading authoritative source for appraisals.

Who NEEDS An Appraisal?

Lenders need a Certified Machinery & Equipment Appraisal in support of loan decisions. In fact, SBA’s SOPs require a “qualified” appraisal. CPAs need a Certified Machinery & Equipment Appraisal pursuant to AICPA’s Standards of
Valuation #1 in addition to the Pension Protection Act of 2006 and the Council of Foundations. Attorneys need a Certified Machinery & Equipment Appraisal for divorce dissolution and litigation to substantiate accurate and realistic values that will withstand IRS and Court scrutiny. Business Owners need a Certified Machinery & Equipment Appraisal for insurable value, selling, financing, buying, expansion, partnership dissolution, property taxes, Pension Protection Act of 2006, and Converting from a C Corp to S Corp.

Capital Services

How Many Ways Can You Change A Dollar Bill?

Need to Finance a Business? What Does a Business Financing Intermediary Do?   What are Debt & Equity Capital Alternatives? Creative Financing Solutions in Buying or Growing a Business?

In financing a business acquisition or re-capitalization of a business, all sources of available capital should be considered:

Senior Debt Capital Sources

  • Commercial Banks
  • Non-Traditional Asset Lenders: Accounts Receivable, Inventory, Machinery, Patents, Letters of Credit, Securities
  • SBA Government Guaranteed
  • Assumption of Debt: Bank or other Lender,  Discounted, Debtor in Possession (DIP)

Subordinated (Junior) Debt Capital Sources

  • Seller Financing
  • Mezzanine Lending
  • Small Business Investment Company (SBIC) Program
  • Employee Stock Option Plans  (ESOPs)
  • Second Lien Loans
  • Supplier Financing
  • Bridge Loans

Equity Capital Sources

  • Cash Reserves & Borrowed Funds:  Personal Savings,  Home Equity,  Marketable Securities Retirement Accounts (401K, IRA), Life Insurance Cash Values,  Personal Credit Cards, Family & Friends
  • Private Equity Groups  (PEGs)
  • Venture Capital  (VC)
  • Angel Investors
  • Initial Public Offerings (IPO)
  • Private Placements

A Business Financing Intermediary is a professional, who by education, training and experience, is qualified to provides specialized financial skills in assisting clients seeking additional capital. As “bridge building” financial intermediary professionals, we align entrepreneurs and capital sources, but are not a bank
or a lending organization. 

Reasons for retaining a Business Financing Intermediary professional are numerous and included but not limited to:

  • Pre-qualifying client to reduce time and cost of financing transaction
  • Assisting client in the development of a “winning” business plan
  • Helping client create  the pro forma income statement , cash flow and
    balance sheet projections
  • Simplify the client’s administrative burden of completing all loan
    related paperwork
  • Leveraging already strong & well established local and national
    lender relationships
  • Guide the client “cradle to grave” all the way through closing the financing solution

Why Retain Biz BUYology, L.L.C.?
At Biz BUYology, LLC, our highly competent business financing Intermediaries utilize a comprehensive approach to sourcing all debt and equity capital resources for our clients.

Our business financing intermediary experts commences the capital procurement journey by performing a pre-qualification and capital source matching assessment using the client’s relevant financial and credit data.

The client is always educated on the various financing alternatives given their business and personal circumstances.

Business plans are carefully reviewed and edited, if necessary, to insure a lender or investor friendly business plan is timely submitted to our target audience.

The complex, confusing and costly administrative “paper pushing” burden of financial package preparation is simplified and streamlined for ease of client processing.

Existing local and national lenders are selected to aggressively work the proposed capital deal to ultimately achieve the desired outcome as timely and cost effectively as possible without compromising the quality of the terms of the deal for the client.

Our financing support services group provides the level of customized service you desire, that range from just informal financing solution guidance to the development of a comprehensive financing road-map for the capital needs of your business this year, next year or for many years to come.

 

Business Consulting Services

How can you improve individual & organization performance

through accountability?

At Biz BUYology, LLC., our Business Consultants will leverage a customized consultative needs assessment approach in helping your team thoroughly evaluate your organizational strengths and improvement opportunities in all areas of your business. Performance gaps targeted throughout our formal needs assessment process will be addressed with detailed corrective action plans established with target completion dates for assigned  “process owners” within your management group that will be held directly accountable  for flawless execution and follow-up to senior leadership.

Whether our clients require a comprehensive needs assessment of their business; additional staff training and development; or merely seek guidance within any managerial disciplines such as: Operations, Finance & Administration, Sales & Marketing, Customer Retention, Human Resources & Employee Engagement, Talent Management – Recruiting/Interviewing/Selection, Real Estate & Facilities, Transportation & Logistics, Strategic Planning, Safety & Environmental Compliance, and Risk Management, your business partners at Biz BUYology, LLC., will be with you at every turn. While many businesses develop a Business Plan, it is “Business Planning” that will determine their success.

As active and credentialed members of the most prestigious worldwide business associations (IBBA, IBA, BBF, NEBB, SBA, IFA, Minority-Fran, Vet-Fran, ) our in-house experts and our co-sourcing partners stand ready to assist our clients in exceeding all their customer, employee and shareholder satisfaction performance expectations. Remember, only when you assume full accountability for your thoughts, feelings, actions and results can you direct your own destiny; otherwise someone or something else will.

“Don’t be buffaloed by experts and elite’s.  Experts often possess more data than judgment. Elite’s can become so inbred that they produce hemophiliacs who bleed to death as soon as they are nicked by the real world.”                   

                                                                                   General Colon Powell

 

Business Valuation Services

What is Price? What is Value? What is this business worth?

What is the value of my business to prospective buyers?

Price is the amount the seller would like to get for a business. Value represents the benefits that both seller and buyer hope to receive from selling or buying a business. Determining the value of someone’s interest in a business entity is invariably easier said than done.

A Business Valuation Consultant or Appraiser is a professional, who by education, training and experience, is qualified to develop a business valuation of a business ownership interest, security or intangible asset and is a “key advisor” to the courts, government agencies, business owners and their support casts.

Reasons for retaining a business valuation professional are numerous and included but are not limited to:

  • Helping sellers determine the value of a business enterpriseAssisting a buyer to confirm value for a business acquisition

    Estimating value in all business tangible & intangible assets such as: physical assets, patents, covenants not to compete, customer list, franchise agreement, goodwill

    Litigation: probate, divorce, partner or shareholder disputes, expert testimony, economic damages

    Taxation: estate planning, gifts/inheritance interests, IRS inquiries, changing corporate status (C Corp to an S Corp)

    Strategic Planning

    Financial Planning

    Succession Planning

    ESOP Valuations

How Can We Help?
At Biz BUYology, LLC, our highly competent business valuation professionals utilize a comprehensive approach to valuing business interests. Our business valuation experts perform an in-depth analysis using relevant market data and apply state-of-the-art business valuation techniques to prepare an accurate and defensible business valuation report. We continuously monitor statutory authority, administrative rulings and judicial precedent. This insures a disciplined business valuation that is in strict compliance with all state and federal law and is performed in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP) standards and guidelines.

Our valuation staff provide the level of customized service you desire, that range from just informal calculations to a comprehensive appraisal report. They help you determine which of the following valuation services you need:

  1. Appraisal Report - A comprehensive, narrative report provides an independent opinion on the value of a business interest. This report provides a logical progression that clearly communicates pertinent information, valuation methods and conclusions. The result is a report that is easy to understand, with information that can be defended, if necessary.Summary Letter Report: If the report is for client use only, our valuation team will issue a Summary Letter Report that states material factors leading to the report’s conclusions. If any individual challenges the value conclusion, our staff will afford our client additional work file information to produce an appraisal report.

    Restricted Appraisal Report: In a Restricted Appraisal Report, our staff will provide an approximate indication of value and will perform limited procedures agreed to in advance with our client. This type of report is appropriate when a client wants an estimate of business value, but does not require a formal opinion.

    Expert testimony: Our team offers the experience and credentials to provide your legal and tax advisors for trial preparation assistance and expert testimony.

Why Biz BUYology, L.L.C.?
Our team strongly believes that not all business valuation services companies are created equal, especially in the rapidly changing and sophisticated arena of business valuation. It’s a specialized field where ultimately the appraiser’s dedication, professional certifications, trade associations, resources and passion for the profession makes a big difference in the overall quality and accuracy of the completed valuation report and post-appraisal process support services. Our prospects and clients can take comfort in our organizational commitment that our business valuation professionals will be well respected leaders within the business valuation community and be highly motivated to continuously “sharpen their professional swords” to insure that they maintain a “best in class” industry wide service provider reputation. Our team is a proud and highly engaged participating member of the Institute of Business Appraisers (IBA) and will continue to leverage the oldest and most respected professional appraisal society in the world to help us to continue to exceed all our client’s performance expectations.

Why a Franchise?

Franchise systems continue to provide the widest possible entrepreneurial opportunities for everyone. They also provide expanding opportunities and strong growth possibilities for minorities, women, veterans, and the handicapped.

The mutually beneficial relationship that exists between franchisors and franchisees makes franchising unique in the world of business. It provides entrepreneurs with an affordable means of accelerating expansion and achieving development goals more quickly than might otherwise be the case, and with far less risk.

Franchising means being in business for yourself, not by yourself. Franchising is a field of expanding economic opportunity in which each and every person can play a part based on talent, initiative, and dedication. Contact us

 

Why Use A Broker?

  1. CONFIDENTIALITY: If Sellers try to represent themselves there is no way to remain anonymous and protect themselves and their business from nervous employees, predatory competitors, vendors, creditors and others that they have to deal with on a regular basis.
  • NO WAY TO CONTACT BUYERS: Sellers who need to remain anonymous can not advertise to find Buyers and more importantly, it is unlikely that they would have a database of potential Buyers available to them.
  • SCREENING POTENTIAL BUYERS: Trying to separate interested parties from real potential Buyers is very difficult and time consuming. Sellers often label potential Buyers incorrectly as not being capable of replacing them due to a difference in personalities.

  • FINANCIAL QUALIFICATION:
     Sellers are at a distinct disadvantage in obtaining financial data on potential Buyers, prior to an offer being made. Buyers will not disclose their financial capability, as it would make negotiations difficult.

  • NEGOTIATIONS:
     Sellers are at a major disadvantage when trying to resolve differences of opinion with a potential Buyer and often lose a potential contract because they can’t compromise with someone they don’t believe understands their business.

  • VALUE versus PRICE: 
    Very often the Sellers perception of value and the market reality of price are two different things. Each has merit, however, the Sellers typically base their opinion on what they think will happen in the future, with someone like themselves running the company. Whereas the Buyers base their opinion on historical data, current economic conditions, debt service and a need to generate income from a “new” business.

  • TIME REQUIREMENTS: 
    Sellers must consider the amount of time involved to conduct all of the above necessary functions, in addition to the necessary documentation when a legitimate Buyer wants to enter into a contract. Now the hard part starts with documentation, attorneys, accountants, insurance, landlords, contingencies, financing, escrows, closings and smooth transfers between the parties.

  • WHO RUNS THE COMPANY:
     While all of the marketing, presentations, qualifications, negotiations, documentation and closing stress is taking place, who has been running the Sellers company; and did the company maintain a level of profitability during all of this time that would impress a potential Buyer?

…WORKING WITH YOUR ADVISORS

There are many aspects to Selling, or Buying, a business, that are too often overlooked by those unaccustomed to handling such transactions. Allocation of asset values, as an example can cost the Seller thousands of dollars, if an improper allocation is selected. We are not accountants or practicing lawyers and we therefore urge our clients to involve their advisors, as we do not give tax or legal advice to any of the parties.

We also work with your advisors to review insurance, leases, assignments, tax matters, contingencies and other documentation required to make full disclosure and informed choices for all parties.

…HOW MUCH DOES IT COST?

Our management is experienced in handling mainstreet transactions under $2 million and Merger & Acquisitions that extend well beyond $100 million. Our fees, like many professional business intermediaries will fluctuate with the complexity, value, appraisals, marketing requirements and anticipated costs.

Our mainstreet transactions under $1 million, will normally incur a twelve percent (12%), exclusive of real estate, success fee paid at the closing . Proper analysis, structure, pricing and “packaging” should result in substantially improving the final value and pricing, thereby frequently mitigating the fees charged.

Larger transactions and Merger & Acquisitions often require qualified appraisals to support the value, price and financing, among other costs incurred and charged on an agreed basis, to be credited at the closing.

…NEGOTIATIONS, OFFERS AND CONTINGENCIES

Your Broker has years of experience in dealing with Sellers and Buyers and it is to your advantage to allow him to represent you in arriving at a fair and acceptable offer. Too many times negotiations are strained between the Seller and Buyer and it requires a third party to step in and prevent the parties from losing the transaction, in which they both stand to achieve their respective goals.  Your Broker can raise questions, or approach difficult or embarrassing issues that might otherwise be a point of contention, if addressed directly by the Seller or Buyer. Remember, both parties must get along after the closing, to permit training and a smooth transition.

There will, more likely than not, be contingencies to overcome before the closing(s) can take place. Whether it is the bank closing or the business transfer closing, there will be issues. Issues are just that, not disasters, just issues to be resolved. Your Broker is experienced in handling these types of problems and considers it a part of his professional duty to you to assist in resolving whatever is needed to remove any contingency.

What is Your Dream Business?

 

What is Your Dream Business?

Professional business intermediaries & brokers listen to potential buyers in order to better understand their wants and desires, as they consider making what is typically one of the largest investments and toughest decisions they will ever make. In addition, we appreciate the lifestyle you are seeking after making your investment.

Many buyers are first time investors in operating businesses and we are obliged to help guide them towards businesses suited to their interests, financial capabilities, family situation as to time required, and projected cash flows after debt service. Working together and being sensitive to the Buyers needs will allow us to find the “right” business and the “right” terms to make your dream a reality.

With decades of experience In both mainstreet and Mid-market acquisitions, divestitures and mergers, we are prepared to assist and advise both sellers and buyers. We are “transactional” brokers under Florida law and, as such, treat each party with fairness & honesty, limited confidentiality, and proper accounting of funds, among other obligations.

…HOW DO WE FIND YOUR DREAM BUSINESS?

Your broker after learning about you, your family, your experience, your financial capabilities and your interests will be in a position to assist you in finding the right opportunity to match your goals. Then, and only then, your business broker will call upon the contacts and inquiries in his local files, professional affiliation files and seek out additional potential opportunities  through selected websites and professional acquaintances. Many times businesses that are available are not listed for sale out of an abundance of caution for confidentiality, or for other personal reasons of the business owner. We seek these opportunities out for certain qualified Buyers through our professional contacts within the banking community, accountants, attorneys and many other professionals in our “networking” communities.

…NEGOTIATIONS, OFFERS AND CONTINGENCIES

Your Broker has years of experience in dealing with Sellers and Buyers and it is to your advantage to allow him to represent you in arriving at a fair and acceptable offer. Too many times negotiations are strained between the Seller and Buyer and it requires a third party to step in and prevent the parties from losing the transaction, in which they both stand to achieve their respective goals.  Your Broker can raise questions, or approach difficult or embarrassing issues that might otherwise be a point of contention, if addressed directly by the Seller or Buyer. Remember, both parties must get along after the closing, to permit training and a smooth transition.

There will, more likely than not, be contingencies to overcome before the closing(s) can take place. Whether it is the bank closing or the business transfer closing, there will be issues. Issues are just that, not disasters, just issues to be resolved. Your Broker is experienced in handling these types of problems and considers it a part of his professional duty to you to assist in resolving whatever is needed to remove any contingency.