A property manager does so much for the property, so many building owners would prefer to hire someone to do all that work. However, when the building is a condominium with a variety of units, you may need something a little different. Condo association managers in Chicago IL aren’t a one-size-fits-all feature. You may want the personal attention you’ll get with a full-time, onsite person while others will have a strong network that does a lot of the work and may only need a part-time manager.
Self-Management
In this scenario, you will pay less, but you and the rest of the association will be doing all the managing tasks. You’ll hire service contractors as necessary, and the committee and board will perform administrative duties and some light maintenance. Specialty needs, such as project management or accounting may be outsourced, as well. In most cases, self-management is the best fit for a condo building in Chicago IL. You will also deal with your neighbors, which can be tough as managers of the property.
Self-Management/Paid Staff
With this scenario, the board will hire employees, usually through the associations, and develop close relationships with those employees. They can help you deal with a lot of the management issues, but will also require you to pay them, have employee benefits, and insurance. It could be hard to find and retain employees that have the experience and skills you need, as well.
Full-Time Management
It may be better to find a full-time company to outsource all of your management needs. They employ the best condo association managers in Chicago IL, which means you have the best people working for you. They may cost more, but you may have fewer service disruptions. Plus, they are likely to have highly developed operation procedures and systems that are already proven to work.
