Management Contracts
Third-party management companies inflate service costs and build hidden fees into their contracts, maximizing their profits at the expense of your HOA. With decades of insider experience, Boardwise uncovers these tactics, helping your HOA retain more funds in reserves and reduce homeowner assessments. We align our interests with yours through cost-sharing strategies, ensuring that we only succeed when you save
Free Contract Review
- Complimentary analysis of your third-party management contract, including service offerings, pricing, and billing terms
- Discover potential savings when partnering with Boardwise for third-party management contract negotiations
- Understand your HOA’s position and make informed decisions on behalf of the homeowners
Contract Consultation
- Comprehensive contract consultation that compares the costs of your management contract to industry standards and service levels
- In-depth analysis offering insights into management company margins by service offering, along with price targets to support your negotiations
- Boardwise’s customer-first approach ensures we only succeed when your HOA saves money
Negotiation Support
- Concerned about negotiating with your management company? Let Boardwise guide the conversation
- Our experts will join negotiations to help you secure fair and affordable contract terms
- Avoid confusion with complex terms or misrepresented details—we know how to read between the lines
Frequently asked questions
How can management contract services help my HOA?
At Boardwise, we dissect the financial terms of your contract to help the board understand exactly which service deliverables are being marked up, and by how much. The end result is a board that's expertly equipped to negotiate with their management company. We povide the confidence to know when and where to push, and when to walk away.
What hidden fees or inflated costs should HOAs look for in third-party management contracts?
Management companies will add fees to the HOA and to homeowners for virtually anything and everything. Most contracts add flexibility to raise prices at any time. The two questions boards should be asking are:
- What are the true hard costs of the services we're being offered?
- Are these fees for these services increase at a reasonable rate?
These are simple questions with complex answers that require a deep industry expertise to accurately respond. Boardwise provides detailed analysis to pull back the curtain.
What’s included in Boardwise’s complimentary review of management contracts?
Boardwise's complimentary contract review includes a prelimary assessment of the financial terms of your third-party management contract. We help you understand how much opportunity there is to save money, where your pricing & service levels stand relative to comps. The review will highlight the opportunity pursuing a more HOA-friendly agreement.
Why should my HOA partner with Boardwise on contract negotiations?
Let an industry expert negotiate on your behalf to ensure maximum savings is realized. Having participated on the corporate side of negotiations, our experts know how to read between the lines, cut through the noise, and drill down on the matters of core importance.
We are supremely confident in our ability to save your HOA money without settling for reduced service levels.