Advantages of professional management

Advantage of professional management

  • Professional management brings the collective wisdom of an entire firm to the Association.
  • Professional management can usually incorporate their management fee into the existing Association budget so there is no incremental cost.
  • Professional management provides continuity when there are changes in the Board of Directors.
  • Professional management provides supervision.
  • Professional management can provide immediate replacement of personnel, if required.
  • Professional management drastically reduces the workload of the Board of Directors.
  • Professional management eliminates employment liability from the Association.
  • Professional management allows the Association to take advantage of the management company‚Äôs bulk procurement arrangements.
  • Professional management provides internal controls for the accounting function that are not possible with a single bookkeeper.
  • Professional management provides the Association with Disaster Recovery resources not available to self managed communities.
  • Professional management provides 24 hour emergency service.
  • Professional management ensures that the Association operates in compliance with State Statutes.
  • Professional management provides increased accountability.