Is it okay to fire the property manager and just self-manage?
Q: My Board is currently working on its budget for next year. I am not happy with how much we are paying some of our vendors, including our property manager. In an effort to save money, is it possible to do away with an actual property manager and just self-manager? It would be a huge savings for us.– R.L., Vero Beach A: Associations offer residents great benefits, but with those benefits come added expense to live in a community. One of the biggest expenses, as you point out is that the association needs be managed by someone. The question then...