Management Companies
License to Manage
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The rapid growth in community associations in the past decade has prompted equally dramatic increases in the number of people entering the management field. Some are more qualified than others.
Some take classes and pass certification exams to help them guide the communities they manage. But not every person applying for a manager’s position does that.
In fact, most states have no basic requirement for individuals who decide to become community managers. A recent spate of high-profile embezzlement cases has attracted the attention of state legislators, who are struggling to ensure that community managers have at least a basic knowledge of their responsibilities.
5 Rules for Self Managed Associations
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Not all HOAs can afford to hire association managers. “These are the vast majority of associations today—those that are self-managed,” says Bill Worrall, vice president of The Continental Group, which is based in Hollywood, Fla., and manages 1,300 condominium and homeowner associations totaling 310,000 residential units.
There‟s nothing wrong with being self-managed if you know what you‟re doing. “I think if a community can‟t afford management, self-management is relevant,” says James Donnelly, president and CEO of Castle Group, a property management company in Plantation, Fla., that manages 60,000 association units. “Some have a strong, long-term board that wants to do the management itself. I‟m not offended by that.”
If you‟re among the group of self-managed associations, here we offer rules to live by so you can be as well managed as those run by career professionals.
A Question of Balance
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The Evolving Partnership Between Community Association Boards and the Professional Manager
Recently there has been much discussion about what the role of the professional community association manager should be. For many years the manager has often been expected (by the client and Man-agement Company) to be an expert in all areas of physical property maintenance and management as well as all administrative areas including accounting, law, corporate administration, personnel and soci-ology. Many would say this is simply too big a slice of the pie for most people to handle.
Questions to ask your next community association management firm
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You’ve had the debates and the discussions, examining your management requirements from every angle, and all it comes down to the fact that you need professional help. Instead of going it alone, you know that bringing in a reputable community association management firm is important. Bringing in committed professionals to run day-to-day operations while adhering to your board’s bigger vision can be a terrific move, and bringing in the right HOA or condo association management firm is critical.
Common HOA Property Management Strategies
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Homeowner's association property management personnel are responsible for overseeing the activities of the HOA and the properties under its control. HOA property management can be vital to maintaining the integrity of a homeowner's association so that its operations all run smoothly and within expected budget guidelines. The most common hierarchy of a HOA property management structure will include a Board of Directors responsible for keeping their community a pleasant and aesthetically desirable place to live. Owners within the community are generally considered "members" of the associations, under the leadership of the board. The board will usually be made up of less than 10 individuals who are either elected or assigned by the members of the community. HOA property management strategies are executed in similar fashion across a vast majority of homeowner's associations. The Board of Directors philosophy can be helpful in integrating strategies for property management from individuals who are actually residing among the other members of the association.
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