When we got our first condo we wanted to be on the condo association to be sure nothing got past us. It ended up being the secretary and it was pretty boring. In a condo meeting, one guy was flexing how cool his condo is when it wasn’t since we basically all have the same thing. Another two of them moved in the wrong garage and tried to make it change. Other was about whom was going to book the guy for the snow or landscape maintenance, security, etc.
I wondered if a kind of service existed where you just pay to be managed. And it exists, for a nominal fee you can get your condo association needs managed by a third party. The one I’ve looked at seem to be branch of a law&accounting firm. Condo duty all boils down to two things, the simple stuff (budget, account, insurance, maintenance) and the annoying stuff (problem with neighbor, legal stuff, problem with construction, etc).
With the rise of virtual assistants, one could probably hack his way to have this done on the cheap by paying a VA to do all the booking, finding a lawyer, and finding an accountant. The main advantage of offering a service like this is the economy of scale, if you’re taking care of multiple units you have a leverage on price when you’re negotiating with your service provider (insurance, maintenance, etc).
This one is not the sexiest one, but sometime the best place to make money is in the non-sexy industry.
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