What are the pros and cons of a condo association hiring a management company?

Answer It is important when an association hires a management company, that the company have earned a proven track record of managing condominiums. Condominium-savvy management companies are usually affil... Read More »

Top Q&A For: What are the pros and cons of a condo associati...

Does a condo association need workers comp insurance if they have no employees and use a property management company for maintenance etc?

Usually, if the maintenance staff works for the property management company, the management company is responsible for bonding, licensing and insurance for the staff, which may include workers comp... Read More »

If a property management company omits an account and fails to collect the fees due should the management company reimburse the homeowners association for the loss?

Answer lien it's not a property management duty to pay HOA fees, it is owners duty,but property management Co may be able to pay due to HOA from the proceeds of the rent collected by them..if owner... Read More »

If the cable tv company causes water damage to a condo unit will the condo association insurance cover it?

As a condominium owner, generally, you are covered by two insurance policies:The master policy, which insures all the assets owned in common, and may include liability insuranceThe HO-6 homeowner's... Read More »

What are the Cons or pros for home owners association?

The pros are many, and include: A standard of neatness around all propertiesAn expectation of timeliness for installing and removing holiday decorations, trash bins, campaign posters, celebratory n... Read More »