Managing condominiums is no easy feat, and it requires exceptional attention to detail. Condo property management companies have to navigate numerous challenges, including employee turnover, maintenance delays, and resident communication issues. But the right tools and strategies make all the difference. Electronic key control can help you tackle the challenges you face by streamlining condo operations. Here’s how:
In a survey about property management challenges, respondents ranked staffing as the top challenge out of 13. With anecdotal accounts of condo managers experiencing workplace disrespect and even harassment, it’s no wonder they don’t want to stick around.
Unfortunately, high turnover can lead to security mistakes, such as failing to control access to master keys. If you’re struggling to retain property managers, follow these steps to improve security:
While there isn’t a concrete solution for employee turnover, key control can help you avoid jeopardizing security at the properties you manage.
It’s important to stay on top of maintenance and repairs to maintain property values and keep homeowners happy. Unfortunately, with staff turnover, vendor response times, and supply shortages, it’s easy for these tasks to fall through the cracks.
Tracking work order statuses electronically helps you ensure projects are progressing. Plus, if a manager leaves, board members and the new manager will have an electronic trail to pick up where the previous manager left off.
There are a couple options for tracking work orders:
No matter which method you use, having a high-level view of work order and key access history can help property managers stay on top of maintenance.
Transparent communication with owners and residents is crucial for a successful property management firm. Just as homeowners have the right to review the condo association’s financials, they should be able to review the key log to see who’s accessed their home. When you have an automatic key log, you can ensure you have a verifiable record of key access. As an added layer of transparency, you can set up the key control system to send residents a notification when the key to their home is checked out.
By prioritizing key security, tracking work orders, and maintaining transparent communication with owners, you can successfully navigate the industry’s unique challenges.