Thanks Jimmy! We are always happy to help.
At the end of the day, you need to look at the value you get from your manager. For lots of schemes on the smaller side, the costs per lot can be higher yet not as profitable as a large scheme for the manager. As mentioned above, there are many aspects to consider before deciding to self manage, I would add a few to the list:
– A few organised, competent and motivated owners with a little time on their hands
– A building that is not too complex
– A good proportion of owner occupiers
– Levies paid on time
– A general consensus around the objectives for the scheme
– Good vibes, as “personalities” are a huge factor
From what we have observed, the schemes that work well all have a very active and engaged committee which already scrutinise most of the work anyway. From there it is just more admin. You can always get ad-hoc advice if you need it, and return to a professional if things don’t go to plan.