You own the condo. The building runs the rest.
Passive Ownership

You own the condo. The building runs the rest.

Central Park's association operates the community day to day — utilities, security and amenities — and a property manager handles the lease. Ownership is a line of income, not a second job.

Two layers, zero owner hours
"You get a statement, not a to-do list — the building already runs itself."
The Operating Model

Two layers, zero owner hours

Most rental ownership is a calendar of small obligations — a repair here, a renewal there, a vacancy to fill. Here, two layers absorb all of it. The association runs the building on a fixed monthly due; a property manager runs the lease for a standard percentage.

What reaches you is the net result: a monthly distribution and a clear statement. No tenant calls, no contractor scheduling, no leasing season.

What's Handled

The full service stack

Every operating responsibility — split between the building's association and your property manager.

Association Dues Cover

  • Water, gas & electric
  • High-speed internet
  • 24/7 gated security
  • Covered parking
  • Pool, fitness & courts

On-Site Community Team

  • Building maintenance & repairs
  • Landscaping & grounds
  • Common-area upkeep
  • Groundskeeping & housekeeping
  • Loading dock & deliveries

Your Property Manager

  • Leasing & tenant screening
  • Rent collection & deposits
  • Renewals & retention
  • Move-in / move-out
  • Tenant support

You Receive

  • Monthly owner statement
  • Rent & expense summary
  • Net distribution
  • Occupancy updates
  • Annual tax package
Who Runs It

The on-site team that runs the building

Central Park's association staffs the campus on-site — and a property manager runs your lease.

Owner Reporting

All you receive is the statement

Each month, one clear document shows what came in, what was absorbed by the fee, and what was distributed to you. Nothing to reconcile, nothing to chase.

HOA dues & management fee already netted out
Distribution deposited the same day the statement issues
Year-end package formatted for your accountant
Owner Statement — The Cedar
Period: May 2026 · Acct ••• 4471
Paid
Gross rent collected $2,200.00
HOA dues (utilities, security, amenities) – $410.00
Property management (leasing & admin) – $176.00
Tax & insurance reserve – $214.00
Net distribution $1,400.00

Illustrative single-condo statement. Actual figures vary by unit and period; verified leases, HOA dues and statements are shared with qualified buyers.

Fee Transparency

Two predictable costs, nothing ad hoc

The association due and a standard management fee replace the dozen costs — and the labor — a traditional landlord carries.

TRADITIONAL OWNERSHIP

What you'd normally manage

Separate property-management contract & fee
Utilities, repairs & maintenance, billed ad hoc
Leasing commissions on every turn
Vacancy gaps between tenants
Your own bookkeeping & tax prep
After-hours tenant calls
CENTRAL PARK CONDO

What's already handled

One HOA due covers utilities, security & amenities
Building maintenance & grounds included
Leasing & renewals via one property manager
Transfers leased — no vacancy gap
Monthly statement & year-end summary
24/7 security handled on-site
Ownership, Simplified

See the full ownership terms

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