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

Marolt: My annotated history as HOA president

Two neighbors in one week brought it up. That’s a sign that it is something that needs to be talked

Committees: Delegating Board Authority to Achieve Efficiency

The 2012 amendments to the “Common Interest Development Open Meeting Act” have made it significantly more difficult for Boards to

Three Condo Association Board Bad Habits to Break Right Now

Sometimes you pick up bad habits. Maybe it’s because you have a bad influence, maybe a bad upbringing. It could