A condo management company handles the day to day needs of the condominiums they are managing. This entails tasks, such as ensuring that the landscaping is done regularly, taking care of the building’s security needs, collecting rent from the tenants, and handling tenant issues.
To perform all these, the company must have extensive knowledge and experience managing a condo. They should also be up-to-date with condo regulations. So if you are looking to hire a condominium management company, how will you know that it is the appropriate one? Well, in this article, we discuss some of the tips to help you choose the right condominium management company. Let’s explore them.
How long has the company been in business?
This is a very important question that you should ask the company. It can help you determine the experience level of the company. Experience plays a significant role when it comes to condo management. An experienced company is up-to-date with the ever-changing regulations in the sector. They have also garnered a wider network of specialists from the many years they have been in business.
It is good to hire a condo management company that is in compliance with the relevant regulatory bodies in your area. A company that is accredited by the appropriate bodies shows that they are professionals who are dedicated to offering quality services.
The company’s staff, especially the managers, should also be qualified. Of course, this will make you feel at peace, knowing that your property will be in the hands of qualified and knowledgeable people.
You should inquire about the business structure of the particular condo management you are considering hiring. Is the company a one-man shop that outsources most of its services? Or does the company have a team with trained professionals? It is good to work with a condo management company that has a team of professionals as it will serve as the main point of contact for your tenants
Does the company have a maintenance plan?
One of the best ways to ensure that the value of the property is preserved is to have an effective maintenance plan. Of course, you would want to work with a condo management company that prioritizes the maintenance of the condo. It’s better to update an HVAC system or any other plumbing issue according to the maintenance routine before it becomes an issue.
Check if the condo management company has a well-written maintenance plan; whether it’s for weekly, monthly, or bi-annually, depending on the area and the condition of the condo unit.
This is very important when hiring a condo management company. You will be able to notice the company’s level of customer service when you first interact with them. Pay attention to how they interact with you and how they handle your request. If they take ages to respond to your request, then there is a possibility that they are not good at keeping time.