Self-Managed Condo Corporations

This article discusses the challenges faced by smaller condominium corporations that cannot afford full-time management services. Some communities choose to self-manage, where daily maintenance, tax filings, meetings, and conflict resolution may be handled by owners. Others may hire part-time staff or boutique property management companies to reduce costs. Lack of professional guidance is cited as one of the greatest challenges for self-managed communities, and it is important to have individuals with the necessary skills and experience to manage a condominium corporation. When these individuals are no longer active or involved, the board may lack the commitment necessary to continue the work.