A condo management company will assist a condo or HOA board in handling day-to-day management of multi-family communities. Also known as property management companies, their duties typically include corresponding with homeowners about meetings, CC&Rs, and questions or concerns. They also typically coordinate insurance for the common property and deal with maintenance and repairs.
To assess whether the condo management company you are considering is a ‘good’ one, look them up online! Also consider how long they have been in business and whether they communicate well (if they are not extremely responsive before you hire them, don’t expect them to afterwards!). Asking for references is always a good idea, as nobody knows the manager better than another of their clients.
Fees for property management is competitive, and while cost is a factor you don’t always get what you pay for. At the end of the day it comes down to people: you’re looking for someone who cares about your community. If your condo association is not getting good service, it is possible to make a change. The condo management company is hired by the board, so they can be replaced in accordance with the terms of their contract.
Want to learn more about your HOA? Run a free Eli Report!