Self-Managed Condominiums

While the vast majority of condominiums have professional condominium managers, there are some condominiums without any managers. These “self-managed condominiums” are managed completely by the board of directors. The board completes many of the tasks normally delegated to the manager, like sending notices to owners, collecting monthly fees, and paying contractors. Sometimes the directors are compensated for their services, but not always. [Note: you might want to get legal advice about receiving compensation as a director].  Continue reading