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Top 9 Property Manager Responsibilites to Condo Associations

Posted on Mon, Jun 01, 2009 @ 04:29 PM
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What does a property manager do? Property management for condo associations and HOAs typically involves at least nine areas of responsibility.  Here are the areas property managers should be helping your association with: 

  1. Environmental standards
  2. The maintenance of common properties
  3. The provision of common services
  4. Internal communications
  5. Financial management
  6. General administration
  7. The procurement of condo association insurance and HOA loans
  8. The preparation of tax returns and other reports
  9. Assistance to the Board of Directors on policy matters.

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Comments

What are the pros and cons of having a separate condo management company (that collects condo fees) and an onsite manager (that does not work for that company? 
 
Is the relationship between them of peers or is it hierarchical typically (ie the company oversees the onsite manager)
Posted @ Sunday, September 06, 2009 2:55 PM by gina
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