What Makes PropMan Ideal for Condo Management?

PropMan's condo management software handles the unique needs of condominium associations including common charge billing, service charge reconciliation, unit owner portals, board management, and financial reporting. Designed for NYC-area condos with 20-500 units, PropMan provides enterprise features without enterprise complexity or cost.

Condo-Specific Features

Common Charges & Assessments

  • Automate monthly common charges
  • Special assessments for capital projects
  • Flexible allocation by ownership %
  • Payment plans for large assessments
  • Late fee automation

Service Charge Reconciliation

  • Track common area expenses
  • Allocate by square footage or custom
  • Year-end reconciliation reports
  • Surplus/deficit calculations
  • Transparent expense breakdowns

Unit Owner Portal

  • View account balances & history
  • Make online payments
  • Access building documents
  • Submit maintenance requests
  • Receive board announcements

Board Management

  • Secure board member access
  • Financial dashboards
  • Budget management
  • Approval workflows
  • Document library

Financial Reporting

  • Income & expense statements
  • Balance sheets
  • Budget vs actual reports
  • Reserve fund tracking
  • Audit-ready financials

Compliance & Regulations

  • NYC condo law compliance
  • Offering plan tracking
  • Insurance certificates
  • Annual meeting documentation
  • Amendment tracking

Built for NYC Condo Requirements

NYC-Specific Features:

✓ Flip Tax Tracking

Automate flip tax calculations and collection on unit transfers

✓ Sublet Fees

Track and bill sublet fees per building rules

✓ Move-In/Out Deposits

Manage security deposits for renovations and moves

✓ Alteration Agreements

Track renovation approvals and compliance

Common Condo Management Challenges We Solve

Challenge PropMan Solution
Complex service charge allocations Automated allocation by multiple methods with year-end reconciliation
Unit owner payment collection Online portal with multiple payment methods and automatic reminders
Board member access to financials Dedicated board portal with real-time financial dashboards
Special assessment tracking Purpose-built assessment tools with payment plan options
Transparency for unit owners 24/7 portal access to statements, documents, and expense details

Trusted by NYC Condo Managers

"PropMan has everything we need for our 85-unit Manhattan condo - from common charge billing to service charge reconciliation. The unit owner portal has significantly reduced our administrative calls."

— Condo Manager, Upper West Side