HOA Management Blog
Are you tired of the lack of customer service from the management company your association has had for a number of years? It's possible that the company was inherited from past HOA board members. Maybe they hired the management company because they liked a specific manager, but that manager no longer works for the company and your HOA is no longer receiving the care and attention it once was. It may be time to hire a new management company to breathe new life into your association community.
The Board of Directors (BOD) for your homeowners association has an immense financial obligation to the community. One of the BOD’s most important jobs is to keep legible and accurate financial reports and records. These reports and records provide an overview of your community’s revenue and expenses against its financial projections or budget.
Finding members in your homeowners association who want to volunteer on the HOA board can be hard – finding a member to step up and become the board president is even harder. So, what do you do when the current president passes away, you don’t have a lot people in your community involved with the board, and your current board members are concerned that hiring an HOA manager will only cause the company to take over the Association?
How is your homeowner's association doing? Is everything running easily and smoothly? Do you have interested members at each HOA board meeting? Is your reserve fund fully funded? What would you do if you were faced with a lawsuit or an unexpected project? If you answered no to any of these questions or don’t know the answer at all, below are 5 reasons you should consider hiring an HOA manager this year.
When an HOA board is hiring or evaluating an HOA management company it’s important to look at the big picture. The skillset that your homeowner’s association is looking for or may need will differ from others, but in general an HOA manager should possess leadership skills, communication skills, and administration skills and also be backed by a company who offers support in these areas.
An HOA management company can help homeowners association boards in many ways and work with nearly every budget. Two of the most obvious are assisting with financials and collecting delinquent HOA fees. There are also some ways your board members may not have thought of.
Many HOA boards don’t realize that their homeowners association can benefit from HOA management services without breaking the bank. You don’t always have to hire a full-service management company to provide every service – many services you can choose a la carte to fit the budget you have to work with.
Two of the most important areas that hiring a management company can help with are assisting with financials and collecting delinquent HOA fees.
Being a volunteer board member is a big responsibility. There are decisions to be made, meetings to attend, budgets to build, and concerns to address. If your HOA board is at a place where members are feeling overwhelmed and overcommitted, then it’s time to bring in some help.
If your HOA board has decided to hire a management company to help with the day-to-day running of the homeowners association, it’s important to review the contract and pay close attention to what the management company is actually contracting to do.
Just like any other business agreement, the Association will be entering into a contract agreement with the management company and there are some important questions the Board should ask before signing on the dotted line.
There is often a member of the HOA board who doesn’t recognize that the Association needs help beyond what the Board can do on its own. Sometimes the hard part is convincing other members of the board to invest the time and resources available to hire a manager and how it will benefit the Association in the long run. So, what will help make your case when making the suggestion to hire a management company? That’s the easy part because we’ve spelled it out for you below.
The HOA board is responsible for protecting, maintaining, and enhancing the Association, but this is difficult to do on its own. Board members willingly volunteer their time and resources to make sure their community is a pleasant place to call home. If it’s not run effectively, then it won’t be a pleasant place at all. Since HOA board members are volunteers, they don’t always have the time or expertise to make sure the Association is being run properly. This is where an HOA management company comes in.
If you’re part of a homeowners association Board of Directors, then you know it can be challenging to keep up with the association duties, laws and conflicts that arise. Even though the Board handles many of the responsibilities in a homeowners association, it will often hire a professional manager or management company to oversee the day-to-day operations of the association. Although these might seem obvious, sometimes it’s good to get back to basics. Below are three simple, yet key questions a homeowners association Board should consider when hiring a manager to oversee the association community.
