1. Self-Managed Blocks
In a self-managed block, the property owners or residents manage the building themselves. They take responsibility for tasks such as maintenance, repairs, finances, and communication among residents.
Key features:
Managed by residents, owners, or a residents’ association
Lower management costs since no external company is hired
Residents make decisions directly
Requires time, effort, and coordination among owners
Owners handle tasks like maintenance, service payments, and record keeping
Self-management works well in small buildings or apartment blocks where residents are willing to take responsibility.
2. Professionally Managed Blocks
In a professionally managed block, a property management company is hired to manage the building and handle day-to-day operations.
Key features:
Managed by a professional property management company
Handles maintenance, repairs, accounts, and legal matters
Regular inspections and organized management
Higher management fees
Less responsibility for residents
Professional management is common in large apartment complexes, residential communities, or commercial buildings where management tasks are more complex.
