If your HOA board has hired a manager for the first time, there are a number of things it can anticipate the management company will ask for. The Board can prepare for the manager in advance by gathering specific documents and records pertaining to your homeowners association. Then, the HOA board itself can be proactive for the Association by communicating with homeowners and starting the relationship with the manager with an open mind.
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.
Since a new year is about to begin, this may be a good time for the HOA board to communicate with the Association members about several ways they can help make the community an even better place to live in the next year and beyond. See the list below for ideas to get you started.
Homeowners associations offer one of the best opportunities for Americans to own their own homes. They are for the 21stcentury what land grants were in the 19thcentury, and what the New Deal and GI Bill were in the 20th. Why?
Your homeowners association has a lot going on, and that includes a range of upcoming social events in some form, as well several important ongoing projects.
Cold and wet conditions not only make an Association miserable, they can also create damage to the homes and buildings within the community. Some winterizing can wait, but some can't! An HOA board can help residents out by making a list of what needs to be done, and tackle the time-sensitive tasks first. Here is a simple checklist for your homeowners association to stay on top of the winter season.
Your HOA is being sued, what do you do? You know that being faced with a lawsuit is a serious matter and absolutely should not be ignored. That being said, there are some important actions you need to take as an HOA board member to avoid setting the homeowners association up for failure and getting yourself in a mess you can’t clean up.
When living in a homeowners association residents are expected to pay assessments that are used to make the community a nice place to live. These fees contribute to utility and vendor bills, maintenance, short term and long term projects, and upkeep of amenities such as the pool.
To enhance something means “to increase or improve in value, quality, desirability, or attractiveness.” In a homeowners association the property can be physically enhanced or maintained, but enhancing can also refer to building community among the HOA board and members of the Association.
When a new HOA board is transitioning into managing the association, having solid foundations for the new members is important to the association’s success. The first step in a successful HOA board’s transition process is to set expectations, particularly if you have many board members (along with their experience) leaving the board. To do so, a comprehensive transition plan document should be in place. If there isn’t one, meet with current and new board members to document a plan. It’s a worthwhile investment, because the document can be used for future HOA board transitions.