New Bedford utilizes Basecamp as an online task management tool.
Whether it is day-to-day operations, review of the current month’s financials, or a capital project – tasks and collaboration takes place on Basecamp.
All New Bedford’s departments are on your basecamp – Managers, Financial Team, Compliance, and the Closing Department. Information is at your fingertips.
The property manager will attend monthly Board meetings. They will present the current financial status, operational updates, and capital improvement updates
New Bedford uses SiteCompli to monitor the buildings for violations and compliance. SiteCompli is a great tool linked directly to several city agencies.
Our property managers are trained to work with building staff. Whether unionized or market, our managers hire, train, and coach to improve efficiency to ensure you building is operating at its best performance.
NBMC offers PROJECT MANAGEMENT solutions for some of the largest restoration projects in New York City; our Architectural/Engineering division has a unique knowledge in construction coordination and code compliancy. We have successfully completed facade restorations, roof replacements, waterproofing, elevator modernizations, boiler replacements, interior renovations and all types of building upgrades. Our expert team of project managers is able to provide detailed scope of work, bid processing, and project management for all types.
- NBMGMT Portal, BuildingLink, Concierge Plus – we link to all portals
- Service Requests
- Document Storage
- Paperless Billing
Dedicated Financial Analyst
Each building is assigned a Financial Analyst.
Financial Analysts will:
- Review cash flow and current financial activities
- Comment on budget variances
- Reconcile bank accounts & general ledger
- Create an annual budget
- Create a capital project funding forecast
Online Banking – Sterling National Bank
- Bank Statements
For more than a century, Sterling has been a trusted financial ally for businesses and communities in the New York metropolitan area and beyond.
The Board Treasurer has the ability to access online banking information, transactions, and bank statements using Sterling National Bank’s secure browser. If you building prefers an alternate bank, New Bedford works with several local and national banks to suit the building’s needs.
Monthly Management Reports
- Accounts Receivable
- Accounts Payable
- Cash Flow
- Bank Reconciliation
- See Financial Reporting for more information
Need an analysis on cash flow? Are you a new Treasurer?
Your dedicated Financial Analyst will assist every step of the way.
Each year your Financial Analyst will work with several departments at New Bedford to provide a detailed annual operating budget.
- Annual Budget
- Weighted Monthly Annual Budget
- Schedule B, if applicable
- Summary and Detailed Proposed Monthly Income
- Detailed Expense Report, by vendor, by service
- Utility Consumption Analysis
- Payroll Expense Report, if applicable
- Real Estate Tax Analysis, if applicable
- Financial History Reports
- Multi Year History
- 12 Month Summary
- Multi Year Budget History
New Bedford has over 30yrs of commercial financing knowledge. Whether you need to refinance your underlying mortgage, increase your Line of Credit or obtain a Capital Improvement Loan on your building’s condominium, New Bedford Professionals are here to serve you. Commercial Financing is much more in-depth than getting the lowest interest rate. We will make sure you secure the best financing with the best terms for your particular lending needs.
Co-op & Condo Management
Representing Cooperatives and Condominiums for over 25 years, New Bedford recognizes the unique concerns of the homeowner community and its elected representatives, the Board of directors.Learn More
New Bedford recognizes the unique concerns of the Owner/ Investor and the need to balance rapid response with cost concerns. New Bedford is able to provide you with a custom service, repair and financial plan.Learn More