Why Your Homeowners Association Needs Professional Management

Feb 23, 2018 9:00:00 AM / by HOA Manager

3 people talking at a deskThere’s a lot more to managing a community association effectively than you may realize. It’s much more than property management; it’s also about governance—enforcing rules, conducting elections and more. Your home and your ownership interest in the common elements represent a huge asset—possibly your largest asset. Doesn’t it make sense to have a knowledgeable, trained, professional community association manager watching out for your interests? 

What an HOA Manager Has to Offer

  • Professional managers must be aware of many laws and regulations—real estate, corporate and labor laws; federal laws and state statutes (like Davis-Stirling in California) and government regulations.

  • Professional managers must have a working knowledge of finances, accounting, budget preparation, taxes and insurance.

  • Professional managers must have strong personnel management skills—hiring and supervising contractors and staff.

  • Professional managers must work and communicate effectively with residents, resolve disputes and facilitate communications.

  • Professional managers must have a keen understanding of property maintenance—landscaping, repairs and replacements, facilities upkeep and mechanical maintenance.

  • Professional managers coach and mentor the board members who govern the association. They help conduct meetings, supervise elections and ensure compliance with governing documents.

  • Professional managers can help encourage the board of directors to create an environment that promotes community confidence.  Homeowners  are more likely to have confidence in their board of directors if decisions are made in a transparent and accountable way.  This helps people feel that the board will act in the community's overall interest, regardless of differing opinions.

At The Hignell  Companies  we have been helping HOA and Condominium boards to manage their properties effectively for over 30 years. We provide full Board Advisory and Accounting services to nearly 40 associations, ranging in size from 25 units to 2300 units. If you’re interested in professional HOA management please contact us for a free consultation.

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Topics: HOA Management, HOA Board, Member of HOA