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Updated almost 12 years ago,
is it good idea to hire the residential condo's PM to manage my retail condo units?
Hi,
I own retail condo units which I rent out to various national tenants.
I am in the process of hiring a new property manager and was wondering whether it is generally a good idea to hire the same condo's management company (who manages the residential side of the condo). In the past, relationship between residential and commercial has been ok but sometimes contentious. What would be cons and pros of hiring the Condo's management team to also manage my retail units? Currently the residential condoes are about half sold and the other half are owned by a developer.
Thanks for your advice!