Shanna Hall, I love selling houses!!!St. Louis, MO 314-703-1311 (Real Estate Solutions)

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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     Hi, Shanna.

     In Florida, Condos are a "big deal".  They can be a blessing or a curse.  May I respectfully suggest, read those Condo Docs until you know them thoroughly.  Review all financial statements, etc. 

    You may want to spend an hour or so with a Real Estate Attorney, to review the documents, financial statements, etc.  It will be money well spent.

Jan 09, 2016 01:29 PM
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Shanna, check out some other condo projects that look like they are well managed.  Talk to them - it might be a good place to start.

Jan 09, 2016 04:46 AM
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Shanna. I don't mind managing property, as long as I own it.

Jan 10, 2016 04:55 PM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Shanna Hall - not done, and not much of experience either.

Good luck - you can do it!

Jan 10, 2016 03:26 PM
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Don't do rentals, have a friend that owns a property management company.  Good luck!

Jan 10, 2016 05:20 AM
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Roy Kelley
Retired - Gaithersburg, MD

No. There are a number of major management companies in our market.

Jan 10, 2016 01:51 AM
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Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

No. I stick to residential sales and leave the management of condos to who specialize in managing condo complexes! As an owner it might be wise to have an arms length relationship with a managing company..thinking of liability issues.

Jan 09, 2016 11:28 PM
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good luck. The others have given you good advice.

Jan 09, 2016 10:04 PM
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Norm Padula, JD, GRI
Florida Realty Investments - Sarasota, FL
Presence, Persistence & Perseverance

Never have as that is a completely other 'arm' of real estate and requires specialized liability and E & O insurance and the ROI is not as great as general RE.

Jan 09, 2016 10:04 PM
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FN LN
Toronto, ON

No.

Jan 09, 2016 09:41 PM
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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

No

Jan 09, 2016 09:14 PM
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TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Shattuck, there's bound to be some good models out there. Study them

Jan 09, 2016 06:20 PM
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Shanna -- I would also suggest the approach suggested by Patricia Kennedy --- check other complexes where the association seems well managed.  

Jan 09, 2016 04:59 PM
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I don't manage property. Although the company I work for manages a few apartment complexes and about 80 other rental homes. 

Jan 09, 2016 12:17 PM
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I am on the Board of Directors of one and have been for almost 10 years. I have ownership of a few dozen of the units but do not manage the whole complex but work closely with the management company and make most of the major decisions.

Check you financials and make sure there is not a problem. Why are they resigning? Get quotes for management from some other companies and then select the one that has the best service and reputation.

Jan 09, 2016 12:07 PM
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Nope, we don't have many in my market.

Jan 09, 2016 11:08 AM
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I would check out other complexes and see who they use. Speak with the president of those hoa's and ask if they like or dont like.

Jan 09, 2016 09:30 AM
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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

No

Jan 09, 2016 09:22 AM
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

If you're planning on managing the complex yourself, I would discourage it, unless you have the time and the energy to do it.  To find another management company, I would ask some other condo association who they use and see how satisfied they are.

Jan 09, 2016 04:37 AM
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

I used to manage complexes.  When I retired, I recommended another agency with a good reputation.  Your current management company should be able to guide you to a reputable company.  But, don't stop there.  Inquire with other condo associations also.  They can tell you who they use and if they are happy.  Good luck, Shanna.

Jan 09, 2016 03:49 AM
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Sorry Shanna, no not here

 

Jan 09, 2016 03:47 AM
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Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Sorry I can't help you with that.

Jan 09, 2016 03:39 AM
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David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Shanna,
I don’t. I’ll be curious to see if any of the Q&A regulars do.

Jan 09, 2016 03:37 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

We dont have many of these.

Mar 27, 2019 05:09 PM