I was curious about the level of service a condo association should come to expect from a property management company. In out current set-up we are paying over $800 per unit (over 200 units) for strictly property management services. That does not include their office supplies, office equipment (ie. copier, shredder), any of our staff, our superintendent, payroll expenses, legal fees, or real estate duties/closings. All of the above mentioned are farmed out separately, and amount to separate line items. Is this reasonable? What should I expect our PM to do for us and how much should I be expecting to pay? Thank you in advance.
