With the wave of foreclosures, business closings and record high unemployment, there is increasing pressure on homeowners and condominium associations to lower dues. If your Board is considering whether to hire an North Carolina property management company (also known as a community management association), a South Carolina Property Management Company or whether to opt for lower cost...
Category Archives: Financial Controls
Do you want to stop asking owners who pay on time to subsidize those who don’t? Do you want to strengthen or maintain the financial health of your association? Now board members can access a proactive service that helps build reserves, improve access...Read more
As the name implies, a self-managed condo is a condominium association that chooses to manage itself without the cost or use of an outside property management firm. Self managed condos face unique challenges by not having a third party property manager involved in the day to day business...Read more
Serving on the Board of any condominium association can be challenging. Serving on the Board of a self managed condo can be even more so. This is due to the fact that there is no intermediary between the volunteer unit owners that serve on the Board and the residents...Read more