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Step 4:<br />

Arrange a Meeting<br />

While your first impulse may be to obtain a price<br />

comparison or initiate a formal RFP process, this<br />

approach will only compare companies on an estimated<br />

base management fee and organizational level that will not<br />

provide any personalized solutions to your property’s specific<br />

challenges.<br />

Once you’ve narrowed down your list of potential management<br />

companies, schedule a virtual discovery session to get an<br />

overview of each company’s experience managing properties<br />

similar in size and scope to yours. An ideal discussion will<br />

illustrate how their team can solve your unique challenges<br />

and meet or exceed your expectations. Be wary if the<br />

managing agent you’re speaking with is only able to<br />

provide an overview of their company. You want a<br />

company that can offer clear and definitive<br />

solutions to your specific issues that will<br />

benefit your board and property.<br />

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