A Guide to Condominium Management
Well in general, management fees are in the top highest expenses in yearly budget of condominium corporation. Following are the questions need to be settled to ensure that the entire complex has a smooth operation and is going in the right direction.
Number 1. Who is setting the management fees – and just like every other industry today, condominium management is extremely competitive. Management companies are setting fees which is done often on “per door” or “per room” basis. However, it is essential to have thorough understanding of what’s included in price quoted and above everything less, what’s not included. In relation to the fees included, this is basically where the clients ought to be extra vigilant and at the same time, meticulous and handful of these are the company’s experience, low monthly fee upfront but with remarkably high charges once the contract is signed.… Read More