itseisännöinti

Itseisännöinti, meaning self-management, is a concept related to housing cooperatives and apartment buildings, particularly in Finland. It refers to the situation where the housing company manages its own affairs directly, without employing an external professional property management company. This means the responsibilities typically handled by a management company, such as collecting fees, organizing maintenance, and handling tenant relations, are undertaken by the residents themselves, often through an elected board.

The decision to opt for itseisännöinti is usually made by the residents' association. It can be a cost-saving measure as it eliminates the fees paid to external managers. Furthermore, it can foster a stronger sense of community and direct involvement in the upkeep and decision-making processes of the building. Residents who choose this path often have a vested interest in the long-term value and well-being of their property.

However, itseisännöinti requires active participation and a willingness to dedicate time and effort from the residents. It demands knowledge of building maintenance, financial management, and relevant legislation. The board members or designated individuals must be organized and diligent in fulfilling their duties. In cases where residents lack the necessary expertise or time, or if the complexity of the building's management becomes too great, it might be more practical to engage a professional property management service.