We requested that CMI submit a list of their
current fee rates, the list was not supplied as promised. We are using
information we were able to gather on our own to complete this comparison.
CMI's 2004 prices will most likely be even higher. |
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SAVINGS TO 2004 PROPOSED BUDGET |
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| Property Management: | $2767 savings |
(difference between total management fees for highest and lowest company amounts) |
| Property Maintenance: | $14439 savings |
($38.50/hour labor charge x 2 hour/week x 52 weeks/year = $4004/year) |
| Janitorial: | $5892 savings |
(needed janitorial duties included in landscaping and maintenance) |
| Landscaping: | $4529 savings |
(contractor to blow walkways and parking lots/dumpster areas at $65/hour for 1 hour/week = $3380/year) |
| Rear Deck Covering: | $23341 savings |
(based on a 12 x 13 square foot deck with materials and labor for 14 decks) |
| Total: | $50968 savings |
for year 2004 |