Condo association management is harder than it looks.
Unlike an apartment complex, condo residents typically own their dwellings. But unlike a single-family home, they aren’t 100% responsible for the upkeep and maintenance of their exterior property.
The responsibilities of a condo association are much broader than those of an HOA. While an HOA board needs to enforce rules and properly maintain the playground and community pool areas, the condo board is often responsible for landscaping residents’ yards and repairing roofs.
But a condo association management company can make these tasks (and more) easier on the whole board.
What Does a Condo Association Management Company Do?
You might think your team of volunteer board members will have no problem managing a condominium association on your own, but the day-to-day realities of condominium management go far beyond collecting dues.
Here are just some of the ways a condo association management company can take a huge burden off your shoulders.
1. Managing Finances
Whether your community is made up of five buildings or 15, you need funds to take care of business.
From collecting dues to paying vendors, your condo association needs to keep detailed financial records. But, as any accountant can tell you, it takes more than a calculator and a couple of spreadsheets to do proper bookkeeping.
How do you handle late payments? Accounts receivable? Yearly taxes?
With a condo association management company like American Home Team Realty, it’s all taken care of for you.
2. Repairs and Maintenance
While the residents of your condo association might own their respective units, maintenance of the exterior structure is probably up to you.
Any homeowner will be familiar with the struggles of repairing their home after an emergency or collecting quotes for a new roof. But multiply that by all the buildings in your complex and it’s an entirely new story.
At American Home Team Realty, we can take over that step for you, ensuring that routine maintenance and major repairs are completed in record time and on budget, without you having to lift a finger.
3. Board Meeting Assistance
Most condo board members are volunteers, laypersons who are devoting their spare time to improve their community. As such, they might not be familiar with Robert’s Rules of Order or tips and tricks to keep HOA meetings on schedule.
But American Home Team Realty is different.
We help properties just like yours all across Central Florida keep their board meetings on topic and on time, so you can take care of business and get back to your lives.
4. Legal Help
You don’t like to think of hiring a lawyer, but it can happen to any condo association.
Maybe a resident isn’t paying their dues or the contractor hired to repair the roof hasn’t finished the job. For whatever reason, finding and retaining legal representation is a crucial part of managing a condo association.
At American Home Team Realty, you’ll be on solid ground when it comes to following and enforcing the rules to having the right insurance coverage. We provide the support, guidance, and expertise to make sure your condo association is protected and represented.
Why You Need a Condo Association Management Company
Even if you have all of your residents on the board and on the same page, your community can still benefit from having a condo association management company.
1. They’re experts.
The people who serve on your condominium association come from diverse backgrounds. That’s what makes your board so great. But we doubt there’s a single professional property manager among them.
A condo association management company handles more than just your community, which means they’ve seen (and dealt with) any situation you could imagine.
They can help you meet goals while still keeping up with the day-to-day stuff, and your residents won’t notice a single hiccup.
2. You’ll save time and energy.
Running a condo association can be a full-time job, but your board members aren’t doing it full-time.
When you hire a condo management company, you’ll be able to trust that a team of professionals is handling your community to make sure those moving parts are running like a well-oiled machine.
3. You’ll get legal help.
Community Bylaws, insurance requirements, and lawsuits (yes, they can happen!) can stymie the most savvy of board members. But with a professional management company, you’ll have access to whatever assistance and resources you might need.
Run Your Condo Association More Efficiently
When you work with a professional condo association management company, your board will be freed from the daily grind, but you’ll still be 100% in charge.
The aim of a management company isn’t to take control out of your hands, but to give it back to you. When the drudgery of due collection, maintenance, and insurance is taken out of your hands, you can take over the goals you had it mind when you first started.
At American Home Team Realty, we love helping communities thrive.
Our boutique management services cater to smaller communities that might be overlooked by a larger management agency. In fact, we love getting to know each and every one of our clients so that we can learn how to better serve you!
Contact us today to see how we can help your condo association!