The Differences Between HOA Management and Property Management

While homeowner’s associations (HOAs) generally have boards made up of people from the community, wmdouglas.com click here you can also opt to hire a professional third-party management company to handle the association’s affairs. While the board has the final say, the management company handles the day-to-day tasks, such as responding to emergencies and maintenance requests. The managers also ensure that each property receives proper care. Here are some important differences between HOA management and property management.

A good management company should be able to answer homeowner questions, act as a voice for homeowners and work to establish transparency within the community. For example, a management company should be able to provide transparent financial reports to the HOA board, which helps make decisions regarding the association’s finances. In addition to this, a good management company will also have legal staff and can guide HOAs through legal issues.

Another difference between HOA management and managing a homeowner’s association is that a HOA management company will ensure that the community is maintained and rules are adhered to. In addition to managing the rules of the association, a management company will collect and maintain dues from homeowners and manage finances and budgets. Additionally, they will be able to hire staff to look after the community’s common areas.

Whether you live in a single family home or a multi-unit building, HOA management will help keep the community up and running. This includes collecting dues, maintaining amenities, and answering maintenance requests. A good HOA management board will also collect dues, deal with maintenance requests and address issues in a timely manner.