HOA management firms like The Hignell Companies can assist a board of directors in preparing for those challenges and responsibilities. These firms provide professional knowledge and expertise in a wide variety of areas, such as:
Perhaps, today, your HOA directors are an especially qualified group of volunteers with significant professional experience. Has it always been that way? Are you certain it will be tomorrow? Perhaps not; and that is when problems arise.
If your HOA is small or has low annual fees, it won’t have funds for even a part-time HOA manager let alone to contract with a company for management services. An alternative solution is to contract with an HOA management company as a consultant to advise your board of directors on an as needed basis. Having such consulting services available empowers the board to conduct business with confidence that its decisions are based on solid legal, financial and business advice.
Here are some examples of how a consulting HOA management company can help your board:
Your HOA’s financials are critical. Owners want to know their fees are well managed, the HOA’s financial stability is at stake and opportunities for mistakes and/or malfeasance abound. This is an area where your board has to do things right and where things can go terribly wrong.
An HOA management company, under a consulting contract, will conduct an audit of your HOA’s financial condition and operations, investigating and documenting:
Click here to get help with your financial audit.
HOA legal affairs include compliance with state legislation and regulations and civil matters such as collections, rules enforcement and contract matters. An HOA management company can consult with your board to insure the HOA is in compliance with laws and regulations, especially as they change over time. The board occasionally will need the services of an attorney. The HOA management firm will help your board manage your HOA’s affairs in ways that keep those occasions to a minimum.
Well-intended people volunteer as HOA directors. Sometimes they make decisions or take actions that exceed their authority or have unintended negative consequences. See the following website articles for examples of things going wrong:
An HOA management company can train and advise board members in their duties and responsibilities, and on the limits of their authority. Such training will help the HOA board in making decisions and in relations with the owners.
Every HOA relies on volunteers to get things done. However, an HOA management company can help your board create policies and procedures to guide your volunteers in the performance of their assigned tasks, insuring folks don’t confuse their own agendas with the interests of your HOA. To tell us about your biggest challenge with your HOA click here.
Whether you're looking for a full-time HOA Manager or just occasional consulting services, The Hignell Companies is here to help. We have been serving HOA boards for over 30 years, helping directors navigate the challenges and responsibilities of managing their associations. Our clients range from small (25 units) to very large (2,300 units). We offer a full range of HOA management services, including accounting, board support, legal consultation and consulting and financial audit services.
For more information about the services we provide click here, or call us at 530-894-0404. Let us show you how and how much we can help you and your colleagues manage your HOA in a professional and efficient manner.