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Condo Association Shifts from Self-management to Professional Outside Help

December 8, 2021 by Becker Public Relations

In a thought leadership article for the Miami Herald which published on November 8, 2021, Vice President Regan Marock with AKAM property management, discusses the trend where condominium communities are transitioning from self-management to third-party professional management. Contributing to this trend is the increasing amount of time required by volunteer Boards, changing resident demographics skewing younger and still working full-time, and the level of education and experience needed to effectively operate the property. After the recent building tragedy in Surfside, more Boards of self-managed communities are making the change, handing over Association responsibilities to a professional management company. https://www.miamiherald.com/news/business/article255568911.html

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