By Dan Tiernan / Published September 2019
No two communities are identical; each community has various factors, which influence what type of management will most effectively help them accomplish their goals. Some of these factors include the availability of resources and the complexity of the community itself.
Factors which influence the type of management your community needs:
When the board understands what factors influence their community’s needs the most and have established a fee for which the association is willing to pay for services rendered, the process of finding the right management company begins. Define your requirements and identify qualified management companies to ask for a bid.
Make sure to define the criteria most important to you in the selection process. Selection criteria examples to consider include these items:
If you allow the community manager to manage, the time involvement from your board and/or their appointed committees is significantly reduced. Remember, as the board of directors, one of your main functions is to direct and advise your management company. The many hours per week involved in accomplishing property tasks will be the responsibility of your new management company and its staff.
Chief Operating Officer, Campbell Property Management Services
Dan helps develop and deploy the best practices and tools, which are used by our managers to continuously improve Campbell’s services. Dan started his career with Accenture and later ran consulting and software businesses in the purchasing, human resources, and financial services industries. Dan and his wife, Amy, have four children who are active in school and sports. He and his family relocated from the Philadelphia, PA, area when he joined Campbell in 2011. Dan graduated as an industrial engineer and is proud to be a Ramblin’ Wreck from Georgia Tech. For more information on Campbell Property Management Services, call (954) 427-8770 or visit www.CampbellMGT.com.