Per the Foundation for Community Association Research, 22% to 24% of residents in the United States dwell in neighborhoods governed by housing and condominium cooperative associations. Condo residents tend to own their homes. Unlike most housing, they also are not 100% responsible for the maintenance and upkeep of the exterior of their property.
That’s why many condo associations have a volunteer board to oversee many things. However, being on a board is not an easy task. Many things need to be kept up with and up-to-date. It can be very overwhelming. Condo association management companies are eager to help.
What Do Condo Association Management Companies Do?
It takes more than a volunteer board to fully manage and cover problems related to a condo association. The daily management goes beyond just collecting dues. Below are some of the tasks condo association management companies will handle for you.
- Manage Finances
- Legal Assistance
- Board Meeting Assistance
Free Your Board From the Daily Grind
One of the biggest perks of using the services of condo association management companies is how they help run condo associations efficiently. Essentially, your board will be freed from necessary yet menial management tasks while still being 100% in charge. Condo management companies do not take control away from your board, they give it back. They handle the drudgery of insurance, maintenance, and due collection so you can focus on other goals.
Get Access to Legal Help
There may come a time when you are faced with issues concerning insurance requirements, community bylaws, and maybe even lawsuits. Lawsuits do arise. A professional condo association management company is ready to help with access to resources and whatever legal assistance you may need.
Save Energy and Free Up Your Time
Operating a condominium association tends to feel like a never-ending job. It’s likely other board members are not giving their full time and attention like you are. Hire a condo association management company to pick up the slack and handle the management of your community so all of your objectives are met.
No matter the size of your condo community, top condo management agencies can help. They take the time to get to know their clients so they serve them in the best manner possible. Contact them today to learn how they can assist you with your condominium association.