The first question you need to ask does your Homeowner Association Board have extensive and practical experience in financial budgets, governance, community operations, and training for new board members. If you didn't immediately answer yes to each of those questions than a professional community association Management Company could be of service to your board. One more thing to consider is with your homeowner association board is not just do you have the experience, though do you have the time.
Unless your homeowner association board is made of fulltime board members which it probably is not, you have other responsibilities to your own business or employment that take priority for your time. This is why hiring a community management company is so important. That way you have a fulltime staff working to run your community.
One of the most beneficial items from using a professional community management team is operational budgets. The process of having a detailed and accurate budget for board members to make decisions from is crucial to community success. Since management companies with extensive experience have created many successful budgets the difference in accuracy is immense. With realistic budgets and planning your board members can feel confident that they are making the right decisions for their residents. Management services can guide board members through operational challenges that will arise no matter how detailed planning is. The biggest mistake most homeowner association boards make is a lack of a consistent communication process to updates and how the challenge will be solved.
When all community processes are handled by trained fulltime staff your community can run smoothly and it makes you look good for your residents. The reality is that most home owners only notice their association board when there are issues. The best boards are the ones that the residents don't even think about.
Have you ever been frustrated with new board members? Not that they are not bright and highly accomplished people, though they lack the experience of how your board and community works. Professional community management companies should have experience in how to train new board members into effective decision members that can contribute faster to their respected development.
The part that most residents notice the most is the up keep around the properties. Making sure that every person or business responsible is delivering can be overwhelming. The most effective community management companies have systems in place to organic and manage each community to keep property values and impressions up.
Just think if your homeowner association board is having any issues that professional community management could take care of. Less head aches and smoother management makes being on a association board more enjoyable and effective.
Monday, January 18, 2010
Should I hire a community association management company to help organize my community?
Parker Finch specializes in professional community management with online resident services for home owners.
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