Community Management Service: An Indispensable Tool for Associations

Community Management Service: An Indispensable Tool for Associations

A homeowner association is a nonprofit group who markets and manages community properties. They are typically involved in the sale of these properties as well. Developers have voting rights but no legal or financial responsibility. Their ownership or rights are transferred when the property is sold to a new owner. Owners become members as soon as they purchase property.

Management services may be provided to the association. A board of directors sets all conditions of these services as well as determines the need for them. Associations must abide by both state and local laws pertaining to non-profit businesses or groups. A community management service can assist in staying within these regulations. Property care, upkeep, and financial tasks are other responsibilities they may perform. Providers are included in board meetings as well as communicate daily with residents in the community. Extensive property requirements make these services indispensable to a HOA.

HOA Management Companies: Where Do They Fit Into the Property Puzzle?

An HOA provides shared values throughout the neighborhood, enforces regulations, and achieves decided goals. Meetings may be held monthly or every three months to make important decisions. Hired HOA management companies have the onsite manager attend these events so they are aware of any changes which affect their processes, or affect the residents. This helps them effectively communicate decisions to each community resident. The association manages the neighborhood’s recreational items, only allowing them to be used by residents and their guests. A manager may be in charge of the physical upkeep and care of these items. Examples of recreational amenities include a pool, gym, or basketball court. Assessments are paid by each resident to cover needed services as well as maintenance. Fees can be applied to general services, such as trash pickup, or be used to maintain certain community structures.

HOA management companies operate separately from the association. The board hires these professionals to provide assistance with association duties. They supply guidance with legal matters, in addition to important decisions regarding the community. Collection of monthly dues, contractor supervision, accounting processes, and homeowner issue resolution are all common services provided by these companies. Management service providers work based on the contractual agreement. Assessments are a monthly maintenance fee collected for the board. A manager will collect them to use for upkeep of shared neighborhood areas such as the pool or utilities. If a homeowner does not pay their monthly assessment, the manager must attempt to collect from them.

Governing documents supplied by the board lay out the rules of the community, as well as how the association should operate. Associations are considered to be a non-profit corporation and must file specific paperwork with the state. Management services become familiar with all governing documents so they can be enforced within the community and at meetings. The community management service discusses all issues with tenants directly. Some circumstances call for the manager to bring the issue to the attention of the board. They supervise actions required to carry out neighborhood operations. Their assistance often provides more benefits to the community as a whole.