Why HOA Boards Benefit from Working with a HOA Management Company
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Why HOA Boards Benefit from Working with a HOA Management Company

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When a homeowner association (HOA) board hires a HOA management company, it often can mean the difference between success or struggles for a community. A management company can perform a number of ...

When a homeowner association (HOA) board hires a HOA management company, it often can mean the difference between success or struggles for a community. A management company can perform a number of important responsibilities on a daily basis.
Learn more about a HOA Management Company by visiting http://www.AssociatedAsset.com/.

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    Why HOA Boards Benefit from Working with a HOA Management Company Why HOA Boards Benefit from Working with a HOA Management Company Presentation Transcript

    • Why HOA Boards Benefit fromWorking with a HOA ManagementCompany
    • HOA Management Company• When a homeowner association (HOA) board hires a HOAmanagement company, it often can mean the difference betweensuccess or struggles for a community.• A management company can perform a number of importantresponsibilities on a daily basis.• Some of the benefits a HOA management company providesinclude:
    • HOA Management CompanyClarity•Management companies help ensure the HOA’s rules, regulations andpolicies are clearly defined and communicated to members.•They also make sure these rules make sense and are easy to follow. Consistency•A good HOA management company enforces rules and policies withconsistency.•The management company makes sure there’s no perception of unfairtreatment or favoritism among members.•It will also deal with any problems as soon as they surface. 
    • HOA Management CompanyLegal Knowledge•A HOA management company is often very knowledgeable regarding legislationaffecting homeowner associations.•The company will understand how the HOA’s policies, and enforcement of thepolicies, best conform to the law.Varied Expertise•A HOA management company will have diverse professionals on staff, includingexperts trained in property management, finance, accounting, human resources,marketing and more.Vendor Management•Management companies are experienced in building solid vendor relationships.They know how to keep issues from escalating.•Vendors may be more inclined to work with professionally managed HOAs becausethey know the chances are high the community will be well run.
    • HOA Management CompanyNeighborhood Commitment•Homeowners need to feel the management company is maintaining a safe, wellmanaged neighborhood that’s meeting their expectations.•It’s in the HOA management company’s best interest to make all the memberswithin the community satisfied with their services. Open Communication•A HOA management company can open the lines of communication amongmembers.•It’s important everyone within the community feel comfortable voicing theirconcerns and ideas.•A professional management company can bring more to the table than justenforcing HOA rules.
    • HOA Management CompanyWhat Type of Community Should Hire a HOA Management Company? •Often, size dictates whether a HOA hires a management company.•A smaller community may opt to be self-managed, whereas a larger HOA may find itimpossible to conduct business without the help of a trained professional.•Although size is one criterion, it’s not the only deciding factor.•A better way to decide whether to hire a professional HOA management company isto consider the following:Does the HOA manage many buildings, amenities and properties?Does the HOA have a lack of volunteers to manage the association?Do the volunteers lack the skills and expertise to do the necessary HOAmanagement work?
    • HOA Management Company• Some HOAs may find they need to supplement their volunteer workwith an outside professional management company.• For example, maybe the HOA management company will handle someof the accounting functions and board member volunteers managehomeowner communications. • However responsibilities are delegated between the board andmanagement company, the focus should always be on maintainingproperty values and a sense of community.• This is what will attract buyers to the neighborhood – and keepcurrent members happy and involved.
    • HOA Management Company• AAM works with many of the largest homebuilding andcommunity development companies in the United States suchas Del Webb/Pulte, Shea Homes and Meritage Homes.• Founded in 1990, the company employs 370 people andmanages over 400 homeowners associations in the UnitedStates.• AAM is dedicated to delivering total peace of mind to the Boardsof Directors and homeowners in the communities it manages.
    • About the AuthorSusan Williams is Vice President, BusinessDevelopment and Marketing at AAMCommunity Management, one of Americasmost-respected Homeowner Association (HOA)management companies.Learn more about aHOA Management Company by visitinghttp://www.AssociatedAsset.com.
    • About the AuthorSusan Williams is Vice President, BusinessDevelopment and Marketing at AAMCommunity Management, one of Americasmost-respected Homeowner Association (HOA)management companies.Learn more about aHOA Management Company by visitinghttp://www.AssociatedAsset.com.