Hiring an asset management company to manage a master community has several advantages. Asset management firms play a key role in better management of the master community, ensuring residents are satisfied and the community is well managed at minimal operational cost. However, in this journey, the decision-makers always have a doubt whether they should hire a single asset management company to manage the master community or multiple asset management firms.
This case study sheds light on the problems that arise when multiple asset management firms manage a master community and how hiring a single asset management firm is in the best interest of both residents and the developers.