HOA Management Blog
You’re the President of the HOA board in your community and you’re wise enough to know that you’re in way over your head - but you like a challenge and you’re ready to meet it head on. You’ve read your governing documents and know how to keep a basic balance sheet, but that doesn’t mean you understand the CC&Rs or know the difference between the operating and reserve budgets.
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.
