ASSOCIATION SERVICES
PROPERTY MANAGEMENT IN CONDOMINIUM AND HOMEOWNER ASSOCIATIONS
Associations should consider their budget, specific needs, and long-term goals when making a decision. Ultimately, the goal is to find a property management company that offers a fair price for the services required to effectively manage the association. For a comprehensive proposal for your homeowner or condominium association, schedule a free consultation by contacting us here.
Click the arrows below to read more on the following factors LM Property Management takes into consideration when assessing pricing for a condominium or homeowner association:
The number of units or homes in the association and the complexity of the community.
LM Property Management offers a range of services, and associations can choose which services they need.
The current condition of the property(s) can affect pricing. Associations with properties in good condition may require fewer maintenance and repair services, potentially reducing costs.
The location of the association can also influence pricing. Property management costs may be higher in areas with a higher cost of living or where specific regulations or requirements are in place.
Associations with amenities like pools, gyms, tennis courts, or clubhouse facilities may have higher management costs due to the additional maintenance and oversight needed for these amenities.
LM Property Management takes into account local market rates and competition assuring our client’s are receiving a competitive rate without the sacrifice of the service they deserve.
Some associations may have unique requirements or demands that require additional services or expertise, such as historic preservation, environmental considerations, or special events coordination. These factors can impact pricing.
We may take into account the association’s reserve funds and financial health when determining pricing.
Associations can choose how frequently they want certain services, such as property inspections, financial reporting, and meetings. More frequent services may result in higher fees.
LM Property Management also offers customized pricing packages based on an association’s specific needs. Associations can work with us to tailor services to fit their budget.
The length of the management contract can also affect pricing. Longer-term contracts may come with discounts or incentives, while shorter contracts may have higher rates.