Nexum Condos: Transparency, Efficiency and Value in the Management of your Condominium or Condo-Hotel

Investing in properties within a condominium regime or in a condo-hotel in the Dominican Republic offers attractive opportunities for profitability and enjoyment. However, the complexity of its management can become a real challenge for owners, requiring time, specialized knowledge and constant dedication. This is where Nexum Condosthe specialized division of Nexum Hospitalityis your strategic ally, bringing transparency, efficiency and peace of mind to the management of your investment.

Common Challenges in Condominium and Condo-Hotel Management

Ownership in a condominium implies sharing responsibilities and benefits. Poor management can lead to:

• Lack of Financial Transparency: Difficulty in understanding how maintenance fees and revenues are used (in case of condo-hotels with rental programs).
• Inadequate maintenance: Deterioration of common areas and facilities, affecting the value of the property and the quality of life of residents or guests.
• Poor communication: Poor clarity in communication between management, owners and, where appropriate, rental pool operators.
• Inefficient Conflict Management: Difficulties in mediating and resolving disputes between owners or with service providers.
• Non-compliance with regulations: Ignorance or incorrect application of the Condominium Law of the Dominican Republic and other pertinent regulations.
• Low Profitability (in Condo-Hotels): Ineffective management of the rental program can result in low revenues for participating owners.

Nexum Condos: Integrated Solutions for Flawless Management

At Nexum Hospitality, we understand that successful condo management is based on trust, professionalism and results. Through Nexum Condos, we offer a comprehensive service that addresses every crucial aspect:

1. Transparent and Rigorous Financial Management: We implement clear accounting systems and provide detailed and regular financial reports to all owners. We manage the collection of dues, payment of suppliers and budgeting with the utmost diligence, ensuring that every peso is accounted for.
2. Proactive and Efficient Property Maintenance: We develop and implement preventive and corrective maintenance plans for all common areas, equipment and infrastructure. We work with qualified suppliers and closely supervise the quality of the work to preserve and increase the value of your investment.
3. Clear and Constant Communication: We establish fluid and accessible communication channels for all owners. We keep the community informed about important decisions, project progress and any other matter relevant to the smooth running of the condominium.
4. Rental Program Management (Rental Pool) for Condo-Hotels: For condo-hotels, we offer expert management of rental programs. This includes marketing and merchandising strategies, reservation management, guest service and transparent settlements to owners, always seeking to maximize occupancy and rates.
5. Legal Compliance and Advice: We ensure that the condominium administration complies with all legal provisions in force in the Dominican Republic, including Law 5038 on Condominiums. We offer advice for the correct conformation of the condominium assembly and the board of directors.
6. Personnel and Supplier Management: We select, train and supervise the personnel necessary for the operation of the condominium (concierges, security, cleaning, maintenance). We negotiate and manage contracts with external suppliers, always seeking the best value for money.

Benefits of Choosing Nexum Condos:

• Peace of mind for Owners: Delegate the complexity of administration to expert hands and spend your time on what really matters.
• Value of your investment: A well-managed and maintained condominium tends to increase its value in the market.
• Harmonious Coexistence: Professional management helps to prevent conflicts and foster an atmosphere of respect and collaboration among owners.
• Cost Optimization: Thanks to our experience and network of suppliers, we seek efficiencies that can translate into better use of condominium resources.
• Focus on Profitability (for Condo-Hotels): We maximize the income derived from the rental of units, directly benefiting the owners.

Nexum’s “Connection” Applied to Condominium Management

The philosophy of “connection” that defines Nexum Hospitality, following its evolution from OPHDOM, is fundamental to Nexum Condos. We connect owners with clear information, we connect maintenance needs with efficient solutions, and we connect profitability opportunities with effective strategies.

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Whether you are a condo or condo-hotel owner, or a developer looking for a reliable partner for the future management of your project, Nexum Condos is the smart choice.

Contact Nexum Hospitality today and discover how we can transform your property management, bringing value, transparency and efficiency.