Dealing with a Bad Condo Management Company?
If your condo management company has been consistently disappointing you, or you have received more frequent complaints from tenants over time, it may be time to consider whether or not you are dealing with a bad condo management company. In this article, we’ll discuss the red flags for bad St. Petersburg condo management companies and what to consider when hiring a new condo management company.
Signs You’re Working with a Bad Condo Management Company
Before you undergo the process of deciding to switch condo management companies, it’s important to recognize the red flags associated with poor management. St. Petersburg condo management companies should be devoted to keeping the property in good condition, handling tenant complaints, maintaining records, and providing prompt communication. Lack of communication from your condo management company should be the first red flag that they may not be working in your best interest.
This lack of communication also extends to tenants. If they are unresponsive to tenant complaints, it can lead to a number of issues, including maintenance issues, property damage, or poor tenant behavior. Additionally, the condo management company should provide you with accurate monthly reports on a timely basis. If these reports are inconsistent or inaccurate, it’s time to look into new St. Petersburg condo management.
Firing Your Condo Management Company
If you’ve reached the conclusion that your current condo management company is not acting in your best interest or has consistently let your residents down, there’s a few things to consider before switching condo management companies. The first step, above anything else, is to check the contract or condo management agreement.
If there’s specific language included in the contract that verifies why the condo management company is out of compliance with the management agreement, cite this language. Although most condo management contracts contain no-cause termination clauses allowing either party to remove themselves from the agreement, it’s wise to document the cause behind the termination and/or consult with a real estate attorney.
Hiring a New Condo Management Company
For the best results, you should carefully examine the needs of your condo association before deciding to select one of the St. Petersburg condo management companies available. Interview as many property management companies as necessary in order to decide which company is the best fit for your association. Consider not only their credentials and certifications but whether or not they belong to any professional property management or trade associations. Then, review their condo management agreement to ensure that their responsibilities are clearly defined and best match your needs.
Wise Property Management has successfully managed associations in the Greater Tampa Bay Area for over 35 years. We know the level of versatility and expertise required to provide the boards and communities we serve with first-class service. If you’re interested in working with the best company for St. Petersburg condo management, contact us today.
Are you ready to work with one of the top St. Petersburg condo management companies that makes life easier for you and your board members and improves the value of your property? If so, submit our proposal request form today!
Our founder, William C. Spivey, is a man who believes in the power of people...LEARN MORE
We are a family-owned and operated company built in the Tampa Bay Area by a working-class Tampa family.LEARN MORE
In today’s day and age, technological advancements are occurring at a rapid rate. These developments...LEARN MORE
At WPM, we understand the sensitivity and importance of a management transition. We will proactively work in...LEARN MORE
SEE WHAT OUR CLIENTS ARE SAYING
Couldn’t have asked for better service. It’s NEVER this easy dealing with property management companies. Great Job! Thanks so much!
Cody Glass from the accounting department was very helpful and professional with a lot of courtesy to help me to understand and set up a new payment process.
I work with Wise on a regular basis, as the nature of our business requires quick turn around times. They are kind and helpful when you need something.
I have always received great service from Wise. Any time I need help someone always answers the phone and directs me to the right department.
My name is George Florence, I am the Board President of Villas of Northdale, and I have been a Board member for 5 years now. We have had perfect help from Wise Property Management.
Wise Property Management is the quintessential image of a professional, organized, comprehensive, deligent and knowledgeable Property Management company.
Kristy D., South Pointe HOA Vice President.
I have been working with Jeanie Hunter of Wise Property for several years now. She has handled all our Tampa Villas South association issues promptly and with great efficiency.
Ken C., Tampa Villas South HOA Vice President.
Very easy to work with and everyone is friendly. We have worked with them for a very long time and love the experience. They take pride in their work and truly enjoy what they do.