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News & Updates

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November 11, 2014
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Why HOAs Need Professional Property Management

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There’s a lot more to managing a community association 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—possibly your largest asset. Doesn’t it make sense to have a knowledgeable, trained, professional community asager watching out for your interests? Consider all they have to offer.

 

  • Ÿ Professional managers must be aware of many laws and regulations—real estate, corporate and labor laws; federal laws and state statutes and government regulations.
  •  Professional managers must have a working knowledge of finances, accounting, budget preparation, taxes and insurance.
  •  Professional managers must have strong personnel management skills—hiring and supervising contractors and staff.
  •  Professional managers must work and communicate effectively with residents, resolve disputes and facilitate communications.
  •  Professional managers must have a keen understanding of property maintenance—landscaping, repairs and replacements, facilities upkeep and mechanical maintenance.
  •  Professional 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 one key area where property management and community management differ.
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