Property Management

Hiring a condominium property management company is one of the most consequential decisions a condo board makes. The property manager and their company are responsible for day-to-day operations of the corporation — enforcing the declaration and rules, managing the budget,…

The property management company you hire provides the infrastructure — the systems, the back office, the brand. But the experience your board and your owners actually have is determined almost entirely by the individual manager assigned to your property. Who…

The management agreement is the legal contract between your condominium corporation and the property management company. It defines what you’re getting, what you’re paying, and what happens if things go wrong. Most boards spend more time evaluating the company’s presentation…

Financial management is one of the most consequential responsibilities a property management company carries — and one of the areas most prone to problems when oversight is inadequate. The condominium corporation’s operating funds and reserve fund represent the financial foundation…

Communication failures are the most common source of dissatisfaction with property management companies — and the most predictable. A management company’s communication approach should be described clearly before any agreement is signed: how the board receives information, how owners access…

Condominium property management fees in many regions are typically structured as a per-unit monthly fee, and the range is significant — from under $30 per unit per month for large, simple corporations to $80 or more for smaller or more…

Property management company selection errors are expensive and slow to correct — management agreements with long notice periods and termination penalties can trap a corporation in a poor relationship for months or years. The warning signs that predict underperformance and…

A property management relationship that isn’t working is a governance problem — the corporation’s operations, finances, and owner relations are all affected. The response depends on whether the problem is correctable within the current relationship or whether the relationship needs…

Switching property management companies is a significant operational undertaking — but a manageable one when done with adequate preparation and a realistic timeline. The most common mistakes boards make are not allowing enough lead time, not securing all corporation records…

A home inspection is one of the most important steps in buying a home — and one of the most frequently misunderstood. Many buyers treat it as a checkbox: hire someone, get a report, proceed to closing. The inspection is…