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It generally involves framing rules for appropriate using of the property and also charges for violating the rules. As the opinion of all condo owners should be considered it becomes a very tedious and challenging task demanding a great deal of patience to convince all the homeowners. Here are few tips to ease the task of condo management. Understand the responsibilities: Before taking up the job, the condo manager should clearly understand his responsibilities such as the maintenance of the common areas such as gym, pool, auditorium and security of the complex. He should be well versed with using the software such as word processor so as to maintain a record of condominium activities and meetings. Develop good relationships with the local dealers: To ease the process of condo management it is essential to develop good relationships with local entrepreneurs dealing with maintenance tasks such as the gym and spa maintenance, local plumbing services, electricians, janitor services etc. If you have good relationships with these people, you can very easily get the required work done with a single phone call. Estimate the financial needs and plan a budget accordingly: Before preparing the annual budget, it is recommended to survey the entire condominium and make a list of the required maintenance work. Prioritize the list and accordingly allocate the funds. Make sure to have reserves to cope up with natural disasters. For accounting purposes it is recommended to make note of all the expenses and the budget allocations in an Excel sheet. These records also help in making necessary changes in future budgets as well as to address legal issues and insurance claims. Encourage participation of condo owners in management tasks: Never frame rules without the concern of all the condo owners. Encourage the condo owners to come up with the rules that are to be followed by them. Make a list of the rules and makes sure to convince all the owners to follow those rules. If everyone abides the rules then the maintenance task becomes simple. Attend to emergencies immediately: To prevent heavy damage it is highly essential to attend the emergencies such as a fire accident or a security breach immediately. This would also help to elevate your value in the hearts of the condo owners and makes them to follow the proposed rules sincerely.Lastly, the condo management should stay committed towards its job and put all effort to maintain the standards and elevate the value of the property with perfect maintenance.Hire the best Condos for rent in bangkok and enjoy in the lap of luxury. Article Tags: Condo Owners, Condo Management, Good Relationships
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