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11 Red Flags
Author:
Ronald Smith
Publication date:
Article Summary:
The article discusses 11 red flags that property managers should be vigilant about when taking over a condominium property. These red flags can potentially indicate fraud, mismanagement, or improprieties within the condominium corporation. The purpose of identifying these red flags is to equip property managers with tools to detect potential issues and address them appropriately.
These red flags serve as warning signs for property managers to investigate further and take appropriate actions to address any potential issues that could affect the management and integrity of the condominium property.
Keywords:
condominium property management, red flags, fraud detection, property management companies, meeting minutes, financial statements, Reserve Fund Studies, communication to residents, tendering processes, property management responsibilities.
Source Citation:
Ronald Smith
11 Red Flags
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