Community association management

Community association management companies manage the common property and services of condominiums, cooperatives, and planned communities under the direction of the board of director of a homeowner or community association. They manage the community as a whole and do not typically manage individual units within the community. But they do take on the responsibility of enforcing the rules and regulations governing the association on any owner or renter within the community. These planned communities can be small to as large as hundreds to thousands of homes with many amenities.

Some duties of a Community Association Management teamUsually hired by a volunteer board of directors of the association, they administer the daily affairs, and oversee the maintenance of property and facilities that the homeowners own and use jointly through the association. A community association management team will prepare financial statements and budgets for the community as a whole. They interact with homeowners and tenants on a daily basis, and can help resolve complaints amongst resident. Collecting association dues or assessment payment from property owners is a common duty of a community association management company. They will also assist the board of directors in making sure everyone within the community is in compliance with association and government rules and regulations.
In addition to administering the associations’ financial records and budget, community association property management companies may be responsible for hiring and coordination of contractors for any major renovation or repair to exterior buildings and common structures. This could include maintenance of community pools, golf courses, community centers, and for the maintenance of landscaping, street lighting, snow removal and parking areas. Community association property management companies also may meet with the elected boards of directors to discuss and resolve legal issues or disputes that may affect the owners, as well as to review any proposed changes or improvements by homeowners to their properties, making sure that they comply with community guidelines.

Things to look for in a community association management company:

1) Proven track record of managing planned community properties
2) Years in the business could show reliability and a proven track record.
3) This is a very specialize facet of property management and requires specific qualifications and training.
4) Is their current portfolio’s within budget and running smoothly, or are there major issues such as financial problems or rundown communities under their management.
5) Accurate bookkeeping and records.
6) Timely response in dealing with issues that may arise.
7) Enforcement of Covenant, condition and restrictions (CC and R’s) for the community they manage.
8) Enforcement of HOA dues and assessment collections.

These are just a few important criteria’s to gage the success of a community association management company. A thriving planned community will be in harmony, beautifully aesthetic and an asset to all that live there as well as for the surrounding neighborhoods.

Find a community association management company for your community.