Seeking new management company

Started by TerryV • 8 replies • 1794 views

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TerryV
Posts: 12

Posted:

Our current management company has dumped us. Given us till 1/31/07 to find a new co. Looking for some recomendations.

We are a community of 60 homes, in Peoria, AZ

Thanks, Terry

RonR
Posts: 4

Posted:

I am in Sun City, Az (just down the street) and we use Colby Management (623-977-3860) - They serve most of the Sun City Condo's. They have a number of offerings from basic bookeeping to full management.

If it is not personal (why would your Mgmt company dump your organization?)

Ron R

RogerB
Posts: 4,986

Posted:

Posted By RonR on 12/28/2006 7:10 AM
If it is not personal (why would your Mgmt company dump your organization?)
Ron R

dump?

A management company could terminate an Agreement for several reasons. Often it may be due to a poorly functioning Board which could place the MC in jeopardy or insufficient profit margin.

TerryV
Posts: 12

Posted:

Posted By RogerB on 12/28/2006 7:19 AM

Posted By RonR on 12/28/2006 7:10 AM
If it is not personal (why would your Mgmt company dump your organization?)
Ron R

dump?

A management company could terminate an Agreement for several reasons. Often it may be due to a poorly functioning Board which could place the MC in jeopardy or insufficient profit margin.

Our current status has never been better. As I understand, the Mgmt co is down sizing and we were on the chop block.

AngieK
Posts: 1

Posted:

Posted By RogerB on 12/28/2006 7:19 AM

Posted By RonR on 12/28/2006 7:10 AM
If it is not personal (why would your Mgmt company dump your organization?)
Ron R

dump?

A management company could terminate an Agreement for several reasons. Often it may be due to a poorly functioning Board which could place the MC in jeopardy or insufficient profit margin.

would you by chance know if we can dump our current management company and get a new one?

RogerB
Posts: 4,986

Posted:

Angie,
Yes, your contract can be terminated. Your Management Agreement will determine when and under what conditions it can be terminated. Yes, you can hire another management company if an agreement which is satisfactory to both parties can be established.

TerryV
Posts: 12

Posted:

Posted By TerryV on 12/28/2006 7:30 AM

Posted By RogerB on 12/28/2006 7:19 AM

Posted By RonR on 12/28/2006 7:10 AM
If it is not personal (why would your Mgmt company dump your organization?)
Ron R

dump?

A management company could terminate an Agreement for several reasons. Often it may be due to a poorly functioning Board which could place the MC in jeopardy or insufficient profit margin.

Our current status has never been better. As I understand, the Mgmt co is down sizing and we were on the chop block.

Edit: The explaination we got without any references. We were told we are too small for them. They have a policy that the gross revenue needs to be 5% of their total or they drop the client. They gave us 30 days to find a new mgmt co.

KennyD1
Posts: 49

Posted:

You might find help here at this web address http://www.caionline.org

KennyD1
Posts: 49

Posted:

Here another link: http://www.associaonline.com/Corp/Who/CommunityAssociations/index.htm

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