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’s 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.
