Maybe you’re self-managing your community. And maybe things are going just fine. But maybe they could be better...and just maybe, that could happen through full-service property management. Yes, there may be a small investment, but many boards find that what they spend comes back tenfold in greater value to their community. Here are a few surprising ways the cost of hiring the best property management company transforms into a money-saving benefit.
A good property management company should have the experience and expertise to benchmark costs against other, similar properties. They can identify if the rates you are paying for vital services are competitive and can renegotiate the contracts at your community. This could result in across-the-board savings on everything from cable to waste management to utility costs and beyond, as well as ensure your association is receiving the value and service it deserves.