Making the switch from Apartment to Condo management

So I did it, after over a decade in apartment management I've made the change to association management. Anyone have experience in this? If so what do you think are the pros and cons?

Congratulations on the new job. Best wishes as always. So are these condos "owned, leased, or rented"?

Curious on that as I am 68 and may wish to sell my house and farm and move to one if I could find an upscale one without any tension or problems connected to it. Also, I would want to buy it, not lease it and I would not want to pay any unreasonable POA or HOA fees. It would also have to have a small upscale patio with built in grill, and at least a one car garage that is heated, and I would be moving some of my downsized woodworking shop into it, which I can already imagine would be an "automatic no no" which would be a deal breaker for me so I would probably just need to stay here and hire me a live in good looking nurse to take care of me. Anyway all that is immaterial.
And pricey? Oh you betcha, but I am a "sticker shock" person, so that will probably be a deal breaker as well. Also, I would want absolute privacy and NO noise of any kind between walls, and

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(thinking--) oh well ---never mind! Congrats on the new job!



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Hey Herb,

The property I now manage is about 400 owned condo's. It a pretty exclusive community, meaning the condo's start anywhere from $250k and go well over the million mark. Being as we are relatively new the HOA fees are pretty high. As more units are purchased the costs go down for each owner. Some units are leased but thankfully we don't get involved in that aspect.
The thing I like best about this job is the lack of constant pressure to make more money. We manage the condos but have no part in the sales end, so all I can do is make sure the boards are happy with our management and re-sign out contract every year. It makes for a better environment for me personally because I can concentrate on what I love best; customer service. I can be pro-active in bringing ideas to the boards, but if they don't chose to follow through I'm not to blame. Furthermore it's a multi-phase project so there will be continued growth and development (which I love) slated go on over the next 15-20 years. I took a pretty large pay cut (like $10K) but I really think I've found the perfect fit. On a side note I took the pay cut but my paycheck is almost exactly the same...riddle me that