Premier Plan Consulting in New Dorp

Name: Property Management Company
Brand: MD Squared Property Group
Rating: 5 (4 reviews)

Your Leading Choice for Reliable Plan Consulting

At MD Squared, we provide professional plan consulting for personalized approaches toward property management, financial performance, and compliance. Harness the power of our industry experience and hands-on expertise to develop imaginative and steadfast solutions. Let’s get to work together and deliver your desired results.

Key Partnerships Driving Our Strategic Growth

Precision-Crafted Plan Consulting Solutions

MD Squared Property Group provides various services to address our clients’ unique consulting needs. We craft each service with precision to deliver the best results for your projects.

Pre-Development Consulting

Working in collaboration with the development and architectural teams, we offer direction and “lessons learned” experience from previous developments on:
▪ Efficient apartment layout and design
▪ Operational back-of-house design for 24/7 operations
▪ Amenity design and programming
▪ Operating expense projections
▪ Review and provide Front of House and Back of House requirements, including dimensions, use, etc., for RM office, trash removal, workshop, supply room, lobby desk, package room, and equipment.

Preparation of Schedule A

This section covers the assessments and documentation needed for Schedule A, focusing on the property’s physical characteristics, unit specifications, and common areas.

▪Review the architect’s Description of the Property.

▪ Review the marketing and sales price schedules.
▪ Review the estimated tax assessment and tax exemption programs.

▪ Review the unit descriptions and develop a floor numbering scheme.
▪ If applicable, review the proposed unit for the resident manager in conjunction with the terms of sale of the unit to the condominium.

▪ Review residential and non-residential units in relation to the offering plan and building structure.

▪ Review potential sale of additional common elements and offerings, such as storage units.

▪ Develop and prepare the percentage of common interest and allocation schedule, subject to sponsor and marketing review.

▪ Prepare drafts and finalize Schedule A for submission to the Attorney General’s office.

Preparation of Schedule B

This section involves the financial, staffing, and operational planning needed for Schedule B, covering budgets, management fees, and cost assessments for the first year of condominium operations.

▪Provide the developer with staffing options for Schedule B.
▪ Provide insurance opinion from Broker for inclusion in the offering plan.
▪ Review projected utility costs from consulting engineers.

▪ Bid out and review service contracts as required.

▪ Provide management fee and agreement.

▪ Provide accountant’s fee opinion for inclusion in the offering plan for the cost of preparing annual financial statements.

▪ Provide estimate for third-party management of amenities if necessary.

▪ Prepare and review allocation for commercial units.

▪ Prepare a draft budget (Schedule B) for preliminary review by the developer.

▪ Prepare the final Schedule B for the First Year of Condominium Operations, with detailed footnotes for the offering plan.

▪ If required, obtain and review a third-party reserve study for reserve fund expense reduction (conducted at sponsor’s expense).

Offering Plan Review

If requested, we will review the draft offering plan with your plan attorney and make recommendations to Part I, Part II, and the By-laws as appropriate from the management perspective.

Certifications Documents

Upon completion of Schedule A and Schedule B, we will provide the 339i certifications and fair allocation of common interest as well as the Budget and Commercial Unit certifications as required.

Why MD Squared is the Top Choice for Plan Consulting

At MD Squared, we take a proactive, energetic, and responsive approach to property management, viewing management as more than merely supervising day-to-day activities. MDSquared creates a comprehensive program that integrates all aspects of building management and develops long-range financial and operational plans. Our goal is to provide quality service and financial stability and exceed the expectations of our clients.

MD Squared is the industry leader in using technology to improve our residents’ experience. We implement in all of our properties, at our expense, Appfolio, a digital resident portal that allows both building staff and residents to monitor repair and maintenance activities, track building maintenance, access all pertinent condominium documents, send out mass communications as necessary to residents and easily pay monthly common charges.

How MD Squared Property Management Group Benefits You

We have put together the best management team in the industry with young energy and true professionals who have experience in all areas of management. Since the success of any project relies on the strength of its people for implementation, we have structured our management department with the best technology available to improve efficiency and communication and we give our managers one of the lowest resident-to-manager ratios in the industry, allowing our managers to take the necessary time to understand their residents’ and buildings’ needs and take the necessary steps to exceed expectations.

We have further refined this approach and applied it to the development and opening of new condominiums. We devote the time to work with each owner in developing a plan for building staff selection and the creation of detailed job descriptions for each employee. Our goal is to develop a cost-effective plan for the management of the building that delivers a high level of service and enhances the quality of life for the residents, which leads to the maximum return on your investment.

frequently asked questions

What is Schedule A and Schedule B, and why are they important for an offering plan?

Schedule A and Schedule B are essential components of an offering plan, detailing the property’s layout, unit information, and financial projections for the first year of condominium operations. Schedule A provides specifics on unit dimensions, building structure, and any shared elements, while Schedule B includes budget estimates for operating costs. These schedules are necessary to ensure transparency with prospective buyers and compliance with regulatory requirements.

How does MD Squared support compliance and risk management for an offering plan?

MD Squared’s team reviews and advises on the draft offering plan in collaboration with your plan attorney. We ensure all sections, including By-laws, are compliant with local and state regulations. Additionally, we provide required certifications, such as 339i and common interest allocations, to meet legal standards and reduce risk for developers and residents.

Can MD Squared assist with staffing and operational management once the property opens?

Absolutely. We work with owners to develop a customized staffing plan, including selecting building staff and creating detailed job descriptions. Our goal is to establish a management team that provides a high level of service while optimizing operating costs. MD Squared’s low resident-to-manager ratio and digital tools like the Appfolio portal ensure seamless daily operations and enhance the resident experience.

How does MD Squared tailor its plan consulting services to each project?

We understand that each project has unique needs. Our consulting services are tailored to align with your specific goals and challenges, from pre-development planning and financial modeling to operational support and compliance. This customized approach ensures that we meet your project’s exact requirements and help maximize your investment.

What certifications and documents does MD Squared provide at the completion of the offering plan?

Upon completing Schedules A and B, we provide all required certifications, including 339i, fair allocation of common interest, and the Budget and Commercial Unit certifications. These documents are essential for regulatory compliance and provide transparency to potential buyers.

Why should I choose MD Squared over other plan consulting firms in New Dorp?

MD Squared stands out for our in-depth knowledge of New Dorp’s complex real estate landscape, combined with a client-first approach. Our proactive management, expert team, and cutting-edge technology ensure that every project we consult on exceeds expectations, delivering lasting value and compliance peace of mind.

Get in touch now

Start your project right with tailored consulting from MD Squared. Contact us to discuss your goals and create a results-driven plan.

Address

MD2 PROPERTY GROUP 7 Penn Plaza, Suite 601 New York, NY 10001