December 4, 2010

To the Members of the Board of Directors of Lang Managed Communities:

On November 12, 2010, the Sun-Sentinel ran an article titled "Property Managers Make Money off Condos' Insurance".  This article raises the issue of how there could be the appearance, if not actual,   conflict of interest, when a property management company has an insurance subsidiary, or a similar arrangement, that splits insurance commissions with insurance agencies that write the Association's insurance policies. 

Lang Management Company has been in the property management business for 30 years and has built its business on Integrity, Professionalism and Quality Service. For the record, Lang Management Company has no such affiliation with any insurance company or broker and has never entered into any type of commission splitting arrangement resulting from Association insurance policies.

We take our responsibility to inform and fully disclose to the Board all aspects of our management of the Association seriously and believe a fully informed and involved Board is one that best serves its community.

Sincerely,

Kevin M. Carroll, President & CFO