Whether an Association is looking to change management companies or is self-managed

and are now ready to explore professional property management, both are in fact looking

into process sharing rather than giving up control of management and are generally seeking

to realize certain benefits:

·                     Association maintains control – in process sharing, the Association maintains control

over the community’s management; services are provided based on a legally binding

contract which specifies how services should be rendered, time frames and other

Association requirements; 

·                     Board Of Directors can concentrate on their core competencies – the Board Of

Directors is released from performing non-core or administrative processes and can

invest it’s time and energy in defining and implementing the Association’s higher level

and future oriented goals;

·                     Management is a catalyst for change - an Association can use a management

agreement and its management agent as a catalyst for a major change that can not be

achieved alone;

·                     Cost savings – professional management generally means lowering the overall cost

of services to an Association;

1.         Access to lower cost economics through centralized purchasing

2.         Cost re-structuring;

3.         Defining quality levels and defining the scope of work for Association staff;

4.         Improve quality - new service levels for homeowners;

5.         Knowledge - access to intellectual property, wider experience and knowledge

            of a professional management company, a source for strategic advantages;

6.         Operational expertise - access to operational best practices that would be too

            difficult or time consuming to develop in-house but can be brought in and

            taught to staff;

7.         Re-negotiation of contracts.