Cohousing-L Mailing List: Re: cost for management companies?

[Sharon Villines (sharon]

> On Dec 7, 2015, at 9:15 AM, Sue STIGLEMAN <sstigleman [at] bellsouth.net> 
> wrote:
> 
> 
> Can any of you who hire a management company tell me about how much you pay? 

We pay ~$17,000 a year for financial, facilities, and printing and copying. We 
also do an audit for $2,500. 

That’s in an urban area to a company that specializes in small condos. In the 
condo world, 400 or lower is small.

In my personal opinion it is not worth it. We spend altogether a few hours a 
month coordinating with them answering questions and making corrections. We 
still end up paying fines and interest for bills that slip through the cracks 
and permits not renewed on time. And supervising workers onsite. 

If you have people in your community with the right mindset (not mañana) there 
are many services that are almost free to support doing this in house. 
Specialists in real estate maintenance are available for consultation fees. 

Sharon
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Sharon Villines
Takoma Village Cohousing, Washington DC
http://www.takomavillage.org