As a board member and homeowner of a condo, townhome, or HOA community, it is critical that you hire a highly skilled and accountable management company. Hiring the WRONG community property management company can adversely impact your association in many ways. Leaks, floods, overspending on projects are just some of the issues that may result in making a BAD choice in hiring a community property management company. Board members should take the time to carefully choose a management company.
There are many steps involved in choosing a management company. In the end, it takes time and effort to make the right choice. In fact, the relationship between a property management company and a community association like a condo or townhome association is like a marriage. It is a relationship that is ideally long term and involves almost daily interaction. Making the RIGHT choice can lead to a HUGE positive impact whereas making the WRONG choice can cause endless headaches and frustrations for the board members and homeowners. And it can end up costing the associations significantly MORE money if the wrong management company is chosen.