Common HOA Community Management Strategies
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Common HOA Community Management Strategies

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Strong neighborhoods need expert HOA community management. Because this management is vital to the integrity of the HOA, the community’s many activities must be expertly managed so the association ...

Strong neighborhoods need expert HOA community management. Because this management is vital to the integrity of the HOA, the community’s many activities must be expertly managed so the association runs smoothly, meets its obligations and stays within its budget parameters. Learn more about HOA Community Management by visiting http://www.AssociatedAsset.com/.

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Common HOA Community Management Strategies Common HOA Community Management Strategies Presentation Transcript

  • Common HOA CommunityManagement Strategies
  • HOA Community Management• Strong neighborhoods need expert HOA community management.• Because this management is vital to the integrity of the HOA, thecommunity’s many activities must be expertly managed so theassociation runs smoothly, meets its obligations and stays within itsbudget parameters.• Some common strategies exist for HOAs to get the most from theirmanagement efforts.• However, a look at the typical association structure will help provide ahelpful foundation.
  • HOA Community ManagementThe Players in HOA Community Management •A common organizational structure starts with the HOA’s board of directors.•Elected or assigned from among the homeowners, this group’s responsibilitiescommonly involve maintaining the community facilities, ensuring rules arebeing followed, encouraging member participation, communicating importantHOA information to members, and, most importantly, making sure thecommunity is on track to accomplish its goals.•The ultimate responsibility of any board of directors is to make theneighborhood a desirable place to live for everyone who chooses to live there.•Homeowners within a HOA are referred to as the “members” of theassociation.
  • HOA Community ManagementThe Players in HOA Community Management •They fall under the leadership of the board of directors.•Obviously, this group makes up the largest constituency within theneighborhood and has the biggest voice in HOA community management.•HOA property management companies are outside firms that the associationhires to assist with HOA community management activities.•The scope of work the HOA management company does depends on anumber of factors.•Examples of projects assigned to a management company might include duescollections, vendor management, HOA community management projects, plusa variety of homeowner communications and interactions.
  • HOA Community ManagementSuccessful Strategies for HOA Community Management •The best strategy most HOAs can deploy is to bring professional skills onboard.•Although board members may consist of professionals, few will have the timenecessary to devote to properly managing every aspect of the community.•Remember, every homeowner working on behalf of the HOA is a volunteer.Many will have jobs outside their work with the HOA.•In addition, board members are elected or assigned every year. Although theHOA can be assured the board will have a vested interest in the community’ssuccess, it may not always have the skills needed for proficient HOAcommunity management.•A HOA property management company also brings special expertise to thetable.
  • HOA Community ManagementSuccessful Strategies for HOA Community Management •With specialists on staff, these companies can help with a wide variety ofprojects in finance, accounting, marketing, human resources, legal matters andmore.•Many companies are well qualified to share a host of skills ranging fromproblem-solving, goal-setting, communication, negotiating, organization andmore.•In addition, independent HOA community management companies areroutinely paid based on parameters established in their contract.•The board of directors and members of the HOA establish the specificperformance guidelines for the management company.•Another proven strategy is to have a HOA property management companyparticipate in the budgeting process with the board of directors.•This participation helps ensure any amounts listed within the budget aren’tinflated or undercut.
  • HOA Community ManagementSuccessful Strategies for HOA Community Management •By avoiding miscalculations from the beginning, the HOA can avoid seriousfunding issues that can adversely affect operations.•These types of problems will often lead to major breakdowns between membersand the board of directors.
  • HOA Community Management• Whether the HOA community management company supervises theboard or assists with HOA management, it can play a valuable role inbuilding a strong neighborhood that meets every member’s expectations.• AAM works with many of the largest homebuilding and communitydevelopment companies in the United States such as Del Webb/Pulte,Shea Homes and Meritage Homes.• Founded in 1990, the company employs 370 people and manages nearly400 homeowners associations in the United States.• AAM is dedicated to delivering total peace of mind to the Boards ofDirectors and homeowners in the communities it manages.
  • About the AuthorSusan Williams is Vice President, BusinessDevelopment and Marketing for AssociatedAsset Management, a communitymanagement firm that does business inArizona, New Mexico and Florida.Learn more aboutHOA Community Management by visitinghttp://www.AssociatedAsset.com.
  • About the AuthorSusan Williams is Vice President, BusinessDevelopment and Marketing for AssociatedAsset Management, a communitymanagement firm that does business inArizona, New Mexico and Florida.Learn more aboutHOA Community Management by visitinghttp://www.AssociatedAsset.com.