Condominium board members usually discover that balancing their neighbours’ wants and needs with fiscal responsibility can be overwhelming. Few condo board members draw a stipend, and those who do get some payment find it’s simply not worth the time or stress.
If you are a volunteer or underpaid board member, it may be in your best interest to hire a professional property management company. An experienced team in condominium management works closely with the leadership of the condo association to ensure communication and get everyone on the same page. Fostering harmony among community members is just a pleasant result of rigorous attention to detail and proactive planning. These are things a top-flight condo management company can do to make life easier and residents happier.
Strategic Planning: A Key Role of a Property Management Company
Condo association board members have every reason to be frustrated about the seemingly endless amount of planning, and due diligence asked of them. What initially seemed like a terrific way to give back often turns into a full-time headache. That’s why a property management company can be invaluable, taking on tasks such as:
- Provide executive-level planning and consultation for board members.
- Execute a management plan and policies after board approval.
- Maintain detailed records of board meetings, activities, and transactions.
While all of these labour-intensive items are typically a time management relief, the value of strategic planning from experts in the field can prove invaluable.
How Condominium Management Enhances Administrative Efficiency
Condo board members often rank administrative services among their top challenges. That’s largely because communicating directly with condo association neighbours tends to be intrusive. Once even the kindest residents know how to text or email board members, you are on task 24-7. Solutions such as hiring a 9-to-5 person to take a lead role usually result in added personnel supervision.
A property management company can take on these responsibilities, offering services such as:
- Scheduling and coordinating board meetings.
- Preparing and distributing detailed monthly reports.
- Enforcing community regulations consistently and fairly.
- Providing critical support, such as developing an annual budget.
These administrative services reduce interruptions and give board members peace of mind, allowing them to focus on their roles as leaders of the condo association.
Site Management Services Prove Invaluable
Fiscal responsibility may rank among your top-tier reasons to delegate the workload to a professional property management company. But nothing upsets residents more than poorly maintained common areas. Common issues that may not get adequate attention include:
- Lawns & Gardens
- Swimming Pools
- Community Gathering Areas
- Recreation Centers
- Streets & Parking Lots
- Outdoor Lighting
The list can go on and on, and that’s why a condo management organization usually advocates having at least one of its staff onsite to coordinate upkeep and maintenance daily.
Partner with Larlyn Property Management
Larlyn Property Management provides property management services for Condominium, Strata and Homeowner Associations across Canada. Learn more about working with Larlyn or request a proposal.
