Selecting the Proper Condominium Manager
Question: I have owned a condominium for a long time and have served on the Board of Directors for several years. One big problem involves our condominium management firm. What criteria should be used for selecting a management firm? What services should the management company perform? Once a contract has been signed, how often should the management be evaluated? What is the appropriate interaction between the board and the management company and its employees? There is a lot of dissatisfaction with management among the co-owners, but I also suspect our Board of Directors may be partially at fault by trying to handle management on a daily basis, rather than concerning itself primarily with policy. Your advice would be appreciated. Read the Q&A……………..
Remember the old jingle, ‘it takes a licking and keeps on ticking’? It was the famous tagline from the Timex
There is no shortage of stories from managers or board members outlining issues with difficult residents. In fact, many times,
If a condo meets Federal Housing Administration approval, purchasers of units in the condo are eligible for FHA financing. This