What is a “management company” and what do they do?
A management company is contracted by the Board of Directors to provide services such as:
- Collection of assessments
- Obtaining bids for contracted services
- Supervision of contractors
- Providing financial statements and collection reports
- Problem solving and communications with homeowners and the Board of Directors
The management company reports directly to the Board and all decisions are made by a majority vote of the Board of Directors.
Sorry, the comment form is closed at this time.