I live in a 250-unit condominium and we’ve been self-managed for three years now. We had a management company before that (I won’t name names) and it was utterly horrible. They mismanaged funds and overcharged us. They also didn’t really do much – just a lot of paperwork but the board ultimately did everything else. For us, it just wasn’t worth it. I’d recommend skipping it and going self-managed instead. If you have the right board members, it should be easy.
Pretty isolate case for cascascassie. Most of the HOAs I know (I live in a city with LOTS of them) hire management companies or HOA managers and they’re all doing great. Work is streamlined and efficient. Boards have a lot more time on their hands. Plus, the experience and expertise are unmatched. Best decision our HOA ever made tbh.