5 Signs You Need to Fire Your Association Manager
Terminating your contract with your association manager is not a decision that should be taken lightly, but sometimes, doing so is necessary. When possible, it is always best to resolve differences and maintain a positive relationship, but sometimes that does not work. Here are five signs that you may be justified in firing your association manager.
Your Association Manager Has Forgotten Who Is in Charge
A good association manager brings a lot of knowledge and experience to the table. At the end of the day, though, it’s the homeowners and the board of directors who are in charge. If your management company is acting like they have complete control over the association, it may be time to look for someone new.
There Is an Expertise Mismatch
Sometimes, property management companies take on contracts that they are not equipped to handle. For example, a small company that specializes in day-to-day management may find themselves in over their heads if they agree to manage major tasks like renovations. If your association manager doesn’t have expertise that manages your needs, it is perfectly acceptable to look for someone else.
You Can’t Trust Your Manager with Finances
One of the core functions of a property management firm is managing funds. If you cannot depend on your association manager to manage funds properly and provide you with detailed and accurate statements, you could be losing a lot of money. Embezzlement is a major issue in associations, and you owe it to homeowners to make sure their funds are being managed appropriately.
They Accept Kickbacks from Contractors
Some association management companies accept financial kickbacks from contractors in exchange for work. This is an obvious conflict of interest. Your association should adopt a zero tolerance policy for this behavior, and if you find out that kickbacks are being accepted, let go of the manager immediately.
The Manager is Lazy or Nonresponsive
If your association manager is taking their contract for granted, it may be time to look for someone else. Laziness and nonresponsiveness should not be tolerated.
If you are in the market for a new association manager, contact AMI today. We offer professional services throughout the Bradenton area, and you can depend on us to give managing your association the attention it deserves.Tweet