This is the sixth in a series of posts that will share the experiences of three previously self-managed condominiums that transitioned to professional management with Campbell Property Management.
In this week’s video, the discussion is focused on: The enhancement of the Association's financial management.
One reason many associations are attracted to professional management is having assistance by the "behind the scenes" management organization that provides consistency and accountability in finances. The professional management company assists by proactively guiding the association with enhanced financial management, including improved auditing and robust reserve study processes.
To lean more, please click the play button below to watch: “Enhanced Financial Management - Self-Management to Professional Management.”
To read the seventh post in this series, titled "The Effect on Board Member Roles - Self-Management to Professional Management Transformation Series", click here.
About this Series:
We recently had the pleasure of hosting a round table discussion with three Presidents of Condominium Associations in South Florida who moved from self-management to professional management with Campbell Property Management.
The three hi-rises we hosted were:
- Seagate Towers in Delray Beach
- Sky Harbour East in Fort Lauderdale
- The Carlton in Boca Raton
All three started with Campbell in 2019, so we thought it would be great to check in two years later and discuss the transformation they each experienced over the first two years of professional management with Campbell Property Management.
The round table discussion covered various topics including:
- The reason for considering the change from self-management to professional management
- The selection process
- Overcoming objections from owners
- Changes in management and services
- How their role as a Board Member has changed
A video of the full panel discussion (approximately 45 minutes) can be watched here.
