IREM Certified Property Manager (CPM) Practice Test

A community that is relatively new may face unique challenges that professional management services are well-equipped to handle. One significant factor is that even though smaller, newer communities might not have extensive wear and tear issues, they are still in the early stages of development and may encounter a range of maintenance challenges that inexperienced owners or boards may not know how to address effectively.

Professional management services bring expertise in dealing with the specific issues that can arise in new communities, including the need for timely inspections, proper maintenance schedules, and ensuring compliance with building codes and regulations. Additionally, new communities might still be under warranty periods from builders, which can introduce complexities in terms of coordination and negotiations related to repairs or upkeep.

This isn't to say that other choices aren't relevant in broader contexts, but they don't specifically tie into the rationale for needing professional management in a new community setting. For instance, while older elevators can incur higher expenses, this primarily applies to older communities, not new ones. Similarly, increased property values and less interest from potential constructors might relate to market dynamics and not directly to the immediate management needs of a new community. Thus, focusing on the potential maintenance challenges faced by a small and relatively new community illustrates why professional management services can offer essential support.