Lebenn - Rebooting the workforce    
NewIncredible offer for our exclusive subscribers!Read More
October 2, 2023

Why Use Our Homeowner’s Management Company?

  • February 15, 2023
  • 2 min read
Why Use Our Homeowner’s Management Company?

Why use our homeowner’s management company is a third-party property management service hired by homeowners associations to support their operations. We offer an array of services, such as.

Community Building: An exceptional property management company strives to foster relationships within the community by organizing social events like BBQs and movie nights. Furthermore, they ensure the neighborhood looks its best by conducting regular walk-throughs.

Financial Management: An experienced management company should guarantee the reserve fund is fully funded and assessments collected accurately. This can be accomplished by collecting dues, depositing them into the HOA’s account, sending reminders about overdue payments, and producing financial reports for review by the board.

Homeowners: An effective property manager strives to keep homeowners satisfied by responding promptly to any worries. This could include taking care of any compliance issues, noting any safety hazards in common areas, and alerting the board accordingly.

Making the decision to hire a property manager is an important one, but ultimately it is up to you to find someone suitable for your individual requirements.

They can also create documents related to an HOA, such as bylaws, covenants, articles of incorporation, and amendments. These essential documents form part of management processes but may be complex in nature.

Hiring an attorney who is knowledgeable about your state’s housing and community association laws is highly recommended. Not only will they assist your board with complying with the law, but they may also defend you in court if someone sues over issues related to the governing documents of your community or someone living nearby sues.

If your association does not yet have an attorney, it is essential to find one quickly and thoroughly. You can begin searching by checking with local chapters of the Community Associations Institute or asking friends and family if they know of any lawyers who specialize in community association law.