Red flag! In our 2019 HOA Health Assessment Survey Report, more than 25% of board members said that they either didn’t have a PM plan, or relied on vendors to take care of it.
A 228-unit high-rise was experiencing water drainage problems coming from a swimming pool, causing leaks in the parking lot below. Prior to FirstService Residential, the association received a $400,000 estimate to fix the problem and had limited funds to use. FirstService Residential brought in an engineering specialist, who not only discovered the cause of the problem, but provided a more efficient and cost-effective resolution that was $280,000 less than the original estimate.
“Enlisting the help of a project administrator or manager is critical when you need to handle important or complex projects in your HOA. It not only helps make your project more effective, but it relieves the burden on your manager to conceive, plan and execute on a project.”
—Anthony Martin, Project Manager, FirstService Residential