This is the fifth in a series of posts that will share the experiences of three previously self-managed condominiums that transitioned to professional management with Campbell Property Management.
In this week’s video, the discussion is focused on: Project management improvements with the help of Campbell.
Recent project failures are one of the primary motivators for self-managed condos to consider professional management. Self-managed boards regularly realize they may have avoided major time and cost over-runs, scope errors, poor contractor selection or other issues if they had better guidance and over-sight.
The three Presidents found that Campbell was able to bring the right experts on-board to ensure the proper scope is defined and that the best contractors were available to bid on their Association projects. Now that Campbell was associated with their buildings, the contractors knew they had to do excellent work, or all the other Campbell properties would be advised against using their services. Preventative maintenance and litigation are other important factors that were discussed.
To lean more, please click the play button below to watch: “Project Management Improvements - Self-Management to Professional Management.”
To read the sixth post in this series, titled "Enhanced Financial Management - Self-Management to Professional Management Transformation Series", click here.
About this Series:
We recently had the pleasure of hosting a round table discussion with three Presidents of Condominium Associations in South Florida who moved from self-management to professional management with Campbell Property Management.
The three hi-rises we hosted were:
- Seagate Towers in Delray Beach
- Sky Harbour East in Fort Lauderdale
- The Carlton in Boca Raton
All three started with Campbell in 2019, so we thought it would be great to check in two years later and discuss the transformation they each experienced over the first two years of professional management with Campbell Property Management.
The round table discussion covered various topics including:
- The reason for considering the change from self-management to professional management
- The selection process
- Overcoming objections from owners
- Changes in management and services
- How their role as a Board Member has changed
A video of the full panel discussion (approximately 45 minutes) can be watched here.
