Changing/ Starting Out With Condominuim Property Managers

Once Upon a Time...

"All your condominium documents are in a box -- somewhere. Someone passes the box to another person. The box ends up somewhere else.

"Everything gets taken care of. Everybody lives happily ever after."

The End.

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...Too many condominium owners and board members believe that story of what happens to the business of condominiums; that the property managers fix/ repair/ adjust/ moderate/ mediate/ pay/ collect and so forth, and pay themselves out of your assessments. All based on the contents of a box of documents.

Start With The Board

Finding or changing a condominium property manager takes several steps and the board takes the first step....

The age of the association is also a consideration. A twenty-five year old association where the same six or seven people serve as board members faces a different set of requirements for a property manager from an association still within or fresh out of the declarant control period. Most associations exist with ages in between.

No two condominium associations are exactly the same....

Seek Candidates with Condominium Expertise, Experience and Competency

In Whatcom County, a board can find many property managers with experience managing real estate. This means they know how to order services -- municipal and aesthetic -- and pay bills....

Unless these managers have educated themselves about condominiums and condominium property management, they cannot effectively partner with you as a condominium board....

CAI establishes best practices which effectively set the bar in several function-specific areas. For example, you can find (free) best practice reports on community harmony and spirit, community security, energy efficiency, financial operations, governance, green communities, reserve studies/management, strategic planning and transition on their Web site.

http://www.cairf.org/research/best_practices.aspx...

Check References...

...The above information is courtesy http://wacondominiumreference.blogspot.com.  To read the complete article and download any attachments, please http://wacondominiumreference.blogspot.com/2009/10/changing-starting-out-with-condominuim.html

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Thought this was interesting & want to continue reading? The rest of this article can be found at http://jenhudsonhomes.com/blog/archives/998. If you would like to learn more about real estate in general, visit my website at www.jenhudsonhomes.com.

Jen Hudson, GRI

Office: (360) 652-1200

Cell: (206) 293-1005

jen@jenhudsonhomes.com

Realtor with RE/MAX Signature