There are three basic management alternatives for the Board to consider:

  • Self-management by the Board of Directors
  • Self-management utilizing a community manager plus staff employed by the Board of Directors
  • Professional management utilizing a community manager employed by the management company

In order for any community to pick the correct type of management several factors need to be considered including:

1. Community Size and Complexity
2. Financial Resources Available
3. Complexity of Community
4. Availability of Appropriate Volunteer Resources
5. Extent of Services and Amenities

Professional management companies provide an association with many advantages:

  • Reduction of costs
  • More qualified and impartial team
  • Experience to implement the most effective policies

Every Association is different, therefore choosing the right management company is vital to ensure success. Identifying requirements and research helps the Board find the correct fit for the Association.

For more information on transitioning your community from self-management to professional management please click this link.

by Dan Tiernan, COO, Campbell Property Management