Let it never be said that condo management is an easy job. As a condo manager, you’re responsible for a piece of property that’s worth millions of dollars at the very least. In addition, you’re bound to follow a vast and ever-changing collection of regulations, lest the property owners -or you yourself- become liable under the law. Plus, you have a duty to your various tenants, who will have various rights under their lease/purchase agreement and expect you to uphold those rights.
That’s a lot of burden to put on one person’s shoulders!
Broadly speaking, the duties of a condo manager can probably be broken down into five key areas:
- Communication with the owners, tenants, and vendors/contractors
- Property maintenance and day-to-day management
- Fiscal management
- Advice and consultation for involved parties
Anything you can do which streamlines those five key areas will make your life far easier. It can also be a significant defense against legal action, if you have factual evidence of all your management activities. That’s why a piece of solid condo management software could be your best possible investment as a condo manager.
Condo Management Software Simplifies Every Aspect of Condo Management
Modern condo management technology is not simply a glorified spreadsheet. It’s an all-in-one package of software intended to collect all your most important job functions and make them easier to deal with. A single easy-to-use GUI makes it a breeze to handle even complicated condo management tasks at any time – even while on the road!
With good condo management software, you can:
Posted by Angie Jimenez Posted on 21 Jun
- Have immediate access to all the financial data for your property, including robust graphing/reporting capabilities.
- Research the history of any unit from sales prices to maintenance.
- Easily log, track, and verify work orders.
- Implement a robust e-payment system, complete with automated messages and warnings for delinquent accounts.
- Create resident portals which simplify their own interactions, including making payments and creating work orders.
- Set up community chat/messaging areas, or even handle more complicated functions like community elections.
- Keep the owners/investors in the loop regarding the state of their investment.
- Centralize all record-keeping so you can instantly produce needed documentation on demand, in any scenario.