Are you condo owner in a self-managed building, or a building owner who has tried self-management? We frequently get questions about what a management company can contribute to the property and if that’s worth the associated management fee.
Here are the top 3 issues a property management company can help solve in your building:
- Staying on top of maintenance. A property management company doesn’t wait until something becomes an issue to fix it. Proactive maintenance allows for fewer emergencies to deal with and also allows you to get the longest possible life out of building systems, which results in long-term savings.
- Getting you better pricing. You may think that shopping around will get you a better quote from a contractor, but even bigger savings come from the long-term contracts property management companies have with trusted contractors. From landscaping, to exterior maintenance, to carpet cleaning in the common areas, your building can benefit from preferred pricing from contractors you can count on.
- Peace of mind. Self-managed buildings may appear to save the owners some management costs, but only until you take into account the time and effort the manager has to put in. In fact, many property management companies have case studies showing that they ultimately saved money for their buildings, even after management fees are taken out.
If you think your building may benefit from a property management company, contact us today to set up a consultation!