The Road to Self-Management: Independence Has Its Pros and Cons

Management by definition is a process; a series of ongoing systems and controls put in place with a specific outcome in mind. The management needs and requirements of HOAs, co-ops and condominiums have helped define the overall property management industry.  Most condominium, co-op, and HOA properties have a management company handling their day-to-day operations; regardless of size, most buildings have many similar overall management needs and requirements. Systems like operations, maintenance, finance, accounting, billing, collections, insurance, landscaping, contract negotiations, vendor selection and compliance with federal, state, and local laws, remains consistent regardless of a property’s size. With all the moving parts requiring 24/7 awareness, knowledge and experience why would any HOA, condo, or co-op even consider self-management?    Read the article………….


Related Articles

What Everyone Should Know About Their HOA

“You won’t believe what my HOA did.” That’s a line probably uttered by countless residents of communities governed by a

The Manager Licensure Bill and How it Affects You (CT)

HOA laws are generated at the state level. Some states require licensing and others do not. Connecticut is one state

HOA Management: Creating a Strategic Plan for Your Community

A strategic plan is a valuable resource, especially for large or aging communities. In this article, we will outline exactly