8 Steps 2.18.2021 Jeremy spread
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Following the discovery meeting,<br />
if the board feels the management<br />
company is a contender, the board<br />
should consider sending the<br />
company the most recent<br />
audited financial statement.<br />
It’s part of the due<br />
diligence process and<br />
will give the company<br />
an opportunity to<br />
understand your<br />
property’s finances<br />
which is an important<br />
supplement to the physical<br />
review conducted during the<br />
property walk-through.<br />
Your building is unique and there<br />
is no such thing as a one size fits<br />
all approach.<br />
Getting Organized Before Your Meeting:<br />
f<br />
f<br />
Get aligned with your board on<br />
what you really need from your<br />
management company.<br />
Take time during a board meeting<br />
to discuss what questions you<br />
need to ask and narrow down these<br />
questions to your top must-haves.<br />
The questions should be tied back<br />
to the problems with your current<br />
management company that you’ve<br />
identified.<br />
Use our Property Management Checklist to<br />
help you evaluate the resources, expertise<br />
and services offered by each management<br />
company under consideration.<br />
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