Finance, The property
Direct management of an apartment building: merits and demerits
Management of an apartment building
In accordance with the housing code, you can choose one of three possible options for running a "farm": direct management of an apartment building, delegation of authority to a management company or board of HOAs or HBCs. We are interested in the first version, so we will dwell on it in more detail.
The immediate way to manage an apartment building is the simplest. With this form, all utility payments are collected from each resident separately, and the interests of the house are upheld by the chairman (through the court or through an appeal to the municipal organization of the HOA). The direct management of an apartment building assumes individual responsibility in relation to non-fulfillment of obligations for payment for utilities. All decisions regarding the maintenance and repair of the house are taken collectively at the general meeting.
Direct management of an apartment building: minuses and pluses
Features of direct home management
The considered form of management is preferable when tenants of the house are practically unfamiliar with each other, they are not solvent enough and do not trust outside organizations. That is, they choose direct management of the apartment building in order to reduce the cost of housing. But this form still requires the registration of a legal entity and the opening of an appropriate account, which will accumulate funds for large-scale single-house expenses, overhaul and so on.
In the event that tenants do not solve the issues of servicing their house on their own, the city administration decides to appoint one or another organization for management. That is, direct management of the apartment building is purely nominal. Basically, the lack of competition in the choice of a company for the management of the economy leads to the fact that she, taking the payment for the maintenance of housing, ignores her duties. And as a result, such houses require repair both inside and out.
Direct management is the option that is best used during the transition and creation of HOAs. Preferably, choosing this form, not only limited to privatization of apartments, but to privatize the house as a whole. Also, one should grow their own cadres to manage the house and look for qualified suppliers to repair and maintain the building.
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