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The operating platform

LRI Property Connect

For a self-managed board running four systems by hand that would rather run one that agrees with itself.

Accounting, governance, compliance, records and resident service on one association record, so the ledger, the minute book and the filing cabinet stop disagreeing.

What it costs

The figure, and the condition attached to it

Launch, from

$7,500

Then, monthly

  • $49550–75 units ($4,950 a year)
  • $69576–100 units ($6,950 a year)
  • $895101–150 units ($8,950 a year)

One launch fee, then a flat monthly by building size. The monthly does not move because a unit sold.

Under 50 units and above 150 units are quoted rather than banded, and so is a portfolio of several associations. The shape of the work changes at both ends.

What the launch fee buys

01

Your books, carried across

Data migration from whatever you are on now — another platform, a bookkeeper’s file, or the spreadsheet. Chart of accounts built from your governing documents rather than a template, opening balances, and historical general ledger.

02

Banking connected

Operating and reserve accounts linked, fund segmentation set, and the first reconciliation run with you rather than handed to you.

03

The roster and the library

Owners and residents onboarded. Declaration or proprietary lease, bylaws, house rules, and policies loaded, each with its audience and its approval state set so the concierge can answer from them.

04

A compliance calendar with your dates in it

Milestone inspection, structural integrity reserve study, annual meeting notice, insurance renewal, and annual filings — dated to your building and your fiscal year, with an owner on each one.

05

The people trained

Two sessions for the board and one for whoever keeps the books. Recorded, so next year’s treasurer does not start from nothing.

What you get

Every line here is a thing that exists, not an adjective

01

A general ledger you can follow backward from a balance sheet line to the bank transaction that made it

Open the balance sheet, take the receivable, and you arrive at the invoice, the payment that cleared it, and the bank line it matched. Control accounts are protected: nobody adjusts accounts receivable by typing into the general ledger.

02

Meetings that leave their own record: agenda, packet, motion, vote, minutes and the assignment that came out of it, attached to one another

A year later you can reconstruct why the roof contract went to the contractor that got it, including what the board had in front of it when it voted and who abstained.

03

A compliance calendar with an owner and evidence on every obligation

Milestone inspection, structural integrity reserve study, annual meeting notice, insurance renewal. Each one dated, assigned to a person, and closed only when the document proving it exists.

04

Bank feeds, reconciliation, receivables and payables, with control accounts that cannot be typed into directly

Operating and reserve accounts linked with fund segmentation set, so a reserve dollar and an operating dollar do not quietly become the same dollar.

05

One login for residents, and Property Concierge Essentials included

Requests, notices, forms, documents and amenities behind one login, and an assistant that answers from documents the association has approved and names them.

What happens next

Three steps, and the first one is yours

  1. You send your chart of accounts and your last three sets of minutes.
  2. We show you what they look like connected, using your own numbers rather than a demonstration account.
  3. If you go ahead, the launch project runs against the itemized list above and ends with your board trained on it.

You bring your unit count, your operating budget, and what you pay for management and bookkeeping today. We tell you on the call whether this is worth your while.

Before you ask for a call

When this is the wrong answer

You are professionally managed and happy. The platform assumes the board is the operator; if a management company runs your building, most of this is duplicated.

Where our responsibility ends

LRI Connect provides software. The board and its officers remain responsible for what is filed, posted, adopted, and decided; the system tracks the obligation, produces the record, and holds the evidence.

Also worth reading
  • Included with the platform

    Property Concierge Essentials

    For a board tired of answering the same six questions, and for the resident asking one of them at eleven at night.

    See it in full →
  • LRI Connect Services

    Property Concierge Managed

    For a board that wants the concierge answering well rather than merely answering, and does not want that to be a director volunteer job.

    See it in full →
  • The platform

    LRI Compliance

    For a board that wants one place saying what the association owes, when it is due, who has it, and whether it is finished.

    See it in full →

Read the longer argument for this, which explains why it is shaped the way it is rather than what it costs.

Send us two facts and we will send you a figure

You bring your unit count, your operating budget, and what you pay for management and bookkeeping today. We tell you on the call whether this is worth your while.

LRI Connect provides software. The board and its officers remain responsible for what is filed, posted, adopted, and decided; the system tracks the obligation, produces the record, and holds the evidence.