T
I see your point, but then again, that €100 - €150 could still be charged (or a lesser amount) & could be put into the sinking fund, which would mean there was more money in the kitty to eventually cover painting, landscaping, replacement windows etc.
The downside is that those that put the time in may eventually feel that their efforts are not appreciated.
I don't think this is feasible unless you have a very small development (sub 20 apartments). There is an enormous amount of work to be done in every development from paying bills on time, to chasing debtors, to hiring contractors and dealing with complaints. As happy as I am to be a director, if I was taking over managing the whole development (100 units), I'd expect to be paid for it, and I wouldn't do it for less than we pay our agent.
Better off with Management co.
i could mention one in Dun Laoghaire i'd run a mile from. I've heard AJPM and Strathmore are ok to deal with from a number of different sources also heard good and bad about Fisher Property Management
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