Many owners decide in favour of special property management in order to be relieved of the burden. What is often overlooked: It is not the decision in favour of an administration that costs money - but false assumptions about what it does.
In practice, the same mistakes can be observed time and again. They seem harmless, but in the long term they lead to financial losses, unnecessary conflicts or legal problems.
Misconception1:
„Special property management takes care of everything“
This is the most common - and most expensive - mistake.
Special property management administers the special property, not the entire building. Everything that concerns common property (roof, façade, pipes, heating system) falls under not automatically fall within their area of responsibility.
Anyone who assumes that „someone will take care of it“ often overlooks this:
Delayed repairs
Unclear responsibilities
missed resolutions of the WEG
Consequence: Damage is repaired later - and more expensive.
Misconception2:
„The condominium management also regulates this“
Pursuing WEG management and condominium management Different interests.
The WEG administration represents the community.
The special property management represents the individual owner.
Conflicts arise precisely where owners believe that the two administrations automatically work in harmony. They don't - and they don't have to.
Consequence: Without clear coordination, responsibility remains unfulfilled.
Misconception 3:
„No feedback means: everything is running“
Many owners do not hear from their management for months - and take this as a positive.
In practice, the opposite is often true:
No feedback can also mean: no active control
No information does not automatically mean order
Problems often only become visible when they have already escalated
A good condominium management company works Quiet, but not invisible.
Are you satisfied with your current SEV?
Many owners ask themselves this question sooner or later. Especially when queries remain unanswered, statements arrive too late or tenants are dissatisfied, it is worth taking a look at possible alternatives. A professional SEV should save you time and nerves - and not have the opposite effect.
Misconception4:
„The administration is liable if something goes wrong“
A dangerous mistake.
The condominium management is liable only within the scope of their mandate.
Decisions that lie with the owner - for example:
Authorisations
Cost releases
Strategic decisions
also remain its responsibility.
Consequence: Anyone who delegates responsibility without knowing the limits risks liability and costs.
Misconception 5:
„Favourable management saves money“
Perhaps in the short term. Often not in the long term.
Very low fees often mean
High number of cases per administrator
Little individual support
Reactive instead of preventive approach
The costs are then not borne by the administration, but by the customer:
due to vacancy
due to poorly coordinated measures
due to conflicts with tenants or the WEG
Are you looking for professional apartment block management?
If you own an entire apartment block and want to place the management in trustworthy hands, you need more than just a traditional SEV. In this case, you need a specialised apartment building management company - with extensive experience, legal expertise and a strong network of service providers.Misconception 6:
„Special property management is always worthwhile“
No.
An SEV is worthwhile not in any case:
for very simple units
with owners with time, experience and proximity to the property
with minimal administrative effort
Serious management also means, not recommended, if the cost and benefit are not in proportion.
Misconception 7:
„Administration replaces control“
Even with special property management, the owner remains in the responsibility.
This does not mean control in the operational sense, but:
Understanding responsibilities
Interest in essential processes
Informed decisions
Administration replaces work - but not responsibility.
Conclusion: Special property management is not a protective shield, but an instrument
Used correctly:
-
relieves the burden on owners
-
Reduces risks
-
creates structure and reliability
Misunderstood:
-
it creates deceptive security
-
postpones problems
-
Causes unnecessary costs
The decisive factor is not, whether a special property management is commissioned, but with what expectations.
