Growing Pains of Switching from Self-Management to Property Management after 40 Years!

This article discusses the transition of a self-managed condominium (HCC #116) to a managed property after more than 40 years of self-management. The decision was made due to concerns about succession, increasing liability for the board, engagement of owners/residents, and the need for new stewardship. The board went through a thorough decision-making process and hired a property manager (PM) to handle day-to-day issues. Both the board and the PM faced challenges and had to adjust to new roles and protocols. The transition involved a learning curve for everyone, but after seven months, the growing pains have reduced, and the transition is progressing smoothly.