How to Select an Association or Condo Management Company
Verfasser: pr-gateway on Wednesday, 22 August 2018It is important to find the best fit for your community association in order to prosper
Community Associations select management companies for a number of reasons.
Boards should understand the important distinction between property management and community association management. Property management is an essential component of community association management, but professional association management is designed to support the board with the added governance component that is an integral part of community associations. Choosing a professional association management company will greatly aid the board, and in fact assume many responsibilities that will help the board to govern instead of administrate.
Rinaldo Acri explains, "When a community association contracts with a professional management company, in addition to receiving the services of an assigned manager, it is also availing itself of the collective knowledge and experience of the CEO and other managers in the firm; and it is receiving the services of support personnel like bookkeepers and administrative assistants."