HOA Management FAQs
Managing your community wmdouglas.com HOA company can be daunting, but it’s essential to learn how to do it well. These FAQs will help you understand how to manage your community. Ultimately, it’s up to the board to make decisions. HOA management companies assist the board by executing board decisions and keeping the association’s records. However, the role of an HOA manager should not be confused with that of a board member. These duties are a blend of board member and management responsibility.
The right HOA management company will provide clear communication and transparency. They should provide a clear source of rules and regulations, and they should embrace the role of a community builder. If the community doesn’t have a social life, it will suffer, causing less curb appeal, property values to drop, and a greater likelihood of fraud. By hiring a management company, you’ll also free up valuable board members’ time for other duties.
Aside from advising and supervising the activities of board members, a management company can also oversee the community’s finances. HOA management services may involve budgeting, selecting a management company, resident relations, emergency services, common property maintenance, and seasonal pesticide treatment. HOA management companies are highly skilled at managing these services, which means they can provide a wide range of services. However, if you’re unsure about which company to choose, don’t worry. We have compiled a guide for HOA managers to help you make the right choice.