Conducting annual reviews with your community's vendors is always a good idea and
may eliminate unnecessary costs.
Vendor Contracts
• Check to see if your vendors are running promotions or referral specials.
• Review all contracts.
• Confirm your association is getting the services it needs and paying
the correct price.
• Consider bids and see what other vendors have to offer if services aren't up-to-par.
• For new vendors, take into account work history, customer service, and references.
Evaluate your management company and confirm it meets your expectations. Work to
clearly outline tasks, clarify roles, and set new goals. A typical management
plan includes:
Management Plan
• Rules enforcement
• Property maintenance
• Association services
• Communications
• Finances
• Administration
• Asset protection
• Policy development
