Choosing a management company
research by Richard E. Gordon
April 21, 2010
Selecting management company. If your Florida condo association
is thinking of hiring a management company, what are suggestions for choosing
the best company that meets your needs considering your condo building has forty
- Find other condo developments near you. See if you can contact the president
of the Board of Directors. Ask the president to comment on how happy or unhappy
the president is with his or her management company. If the president gives
a good recommendation and there are other condominium associations in the
area using the same management company, contact, too, the presidents of the
these other associations to get their appraisal of the management company.
- Larger management companies may have several managers on their staff. Before
signing up with the management company, ask to meet with the specific manager
that will be taking care of your condominium complex.
- Make a list of what you expect a management company to do such as provide
monthly financial statements, provide and supervise contractors, collect monthly
maintenance payments. Then in interviewing the prospective new management,
how he would meet each of these needs.
- Here are links to good articles on this same subject -- choosing a good