Many real estate developers have a perception that they will be able to minimize operational costs and expenses significantly if they manage the community on their own. However, that’s not true. Managing a community requires years of experience and expertise in managing vendor relationships, finances, technology, and budgeting to ensure smooth operations of the community while maintaining residents’ delight.
This whitepaper sheds light on the distinctive activities performed by the Owners’ Association Management firms which profoundly impact the reputation and revenues of the real estate developers.