There’s a lot more to managing an HOA effectively than you may realize. It’s much more than property management; it’s also about governance—enforcing rules, conducting elections and more. Your home and your ownership interest in the common elements represent a huge asset—and for many people, their largest asset. Doesn’t it make sense to have a knowledgeable, trained, professional community association manager watching out for your interests?
Why Do HOAs Need Property Management Companies?
Property Managers must be aware of many laws and regulations—real estate, corporate and labor laws; federal laws and state statutes and government regulations.
Property Managers must have a working knowledge of finances, accounting, budget preparation, taxes and insurance.
Property Managers must work and communicate effectively with residents, resolve disputes and facilitate communications.
Property Managers must have a keen understanding of property maintenance—landscaping, repairs and replacements, facilities upkeep and mechanical maintenance.
Property Managers coach and mentor the board members who govern the association. They help conduct meetings, supervise elections and ensure compliance with governing documents. Governance is just one key area where property management and community management differ.
Having a professional property management company to oversee and enforce your HOA’s governing documents and day to day community needs is not only a smart move from a liability perspective, but it also shields the often times volunteer board members from misdirected anger or misunderstandings from community members who require reminders of the rules and regulations they may have violated.
Property management companies allow boards to stay focused on their main tasks. Running a community of any size can be an overwhelming task which often times requires the help of professionals. That’s why we exist!
Don’t take our word for it. Hear what some of our clients have to say about working with us!
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