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’s the Deal With Ice Dams

If you’ve never seen an ice dam, it actually looks a lot like you would expect. It is an accumulation

Communication in Your Homeowner Association

Communication is essential for the harmony of your homeowner association. Do you have a regular newsletter that is informative and

Can’t We All Just Get Along?

There are certain situations in life that tend to bring out the worst in people, and one of those is