With 28 years of experience managing over 30 Senior Cooperatives across 7 states, Paramark Real Estate Services is a national leader in independent living for individuals 55 and older. Paramark provides a wide range of Senior Cooperative management services, from basic accounting functions to facilitating scheduled committee and board meetings to providing cost-effective maintenance solutions and vendor management.
Paramark provides the following comprehensive list of services in support of our Senior Cooperative portfolios:
1. Dedicated and Experienced Regional Property Manager assigned to your cooperative
- A specialized manager who understands senior cooperative culture and HUD requirements
- Acts as a direct liaison between the board, residents, vendors, and compliance agencies
2. Staffing Support
- Hiring, training, and supervision of all on-site staff
- Payroll, benefits administration, and performance management
3. Board Meeting Preparation & Facilitation
- Agenda setting, meeting packet preparation, and expert guidance during meetings
- Ensures board compliance with cooperative bylaws and decision-making best practices
4. Cooperative Share Sales Administration
- Assist with marketing shares for sale
- Perform share sale closings
5. Resident Relations & Conflict Resolution
- Assistance with move-ins/outs, complaints, and interpersonal issues
- Clear communication protocols to reduce board involvement in day-to-day issues
6. Carrying Charge Collection & Delinquency Management
- Professional billing and collections processes
- Lien administration and legal compliance for past-due accounts
7. Customized Financial Management & Transparent Reporting
- Detailed monthly financials, reserve planning, and budget creation
- Assistance with audits and tax prep (including 1098s)
- Easy-to-read reports tailored for board understanding
- Full access to all accounting records 24/7.
8. Maintenance Oversight & Capital Project Coordination
- Preventative maintenance scheduling and vendor management
- Work order management
- Bidding, contracting, and oversight for capital improvements and repairs
- Emergency response and coordination
9. Vendor and Contractor Management
- Contract negotiation, quality control, and insurance compliance
- Local vendor network with preferred pricing and reliability
10. Strategic Planning & Long-Term Sustainability Support
- Reserve study facilitation, building assessments, and long-term financial planning
- Support for board visioning, membership recruitment, and succession planning
11. HUD & Regulatory Compliance Oversight (if applicable)
- 54+ years of experience managing HUD governed properties
- REAC (NSPIRE) inspection preparation and guidance
- Ongoing monitoring to ensure continued compliance
Contact us to find out why we are one of the fastest growing property management companies in the Senior Cooperative market!
