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Hiring a Management Company for a Small HOA - What's best for your community?

When it comes to hiring a management company for your homeowners association, there are many factors the board needs to consider. Is your association currently self managed, or will it be transitioning from a management company? How large is the association? Are there any amenities such as a pool or clubhouse that need to be maintained? How active is your board? And, last but not least important, can the association afford to hire an HOA management company? Self Managed vs. HOA Management Company First, let's look at what it means to be a self managed company and what is involved with hiring a management company. If you're new to the board, or you've never hired a management company before, don't skip over this. Homeowner associations have a board of directors, or sometimes called a board of trustees, that are elected by the members of the association. These volunteer homeowners are the ones that are ultimately responsible for conducting the business affairs of the asso...

An HOA Board Member Guide to Taking Minutes

 Keeping good minutes is a necessity for every board meeting. Good minutes serves multiple purposes including: keeping your board organized, keeping the board on task, and keeping your board transparent for the members. Many states have requirements that HOAs should keep meeting minutes of all board members, whether through HOA specific laws, or through the state's nonprofit corporation laws. And in most cases, the HOA is legally obligated to furnish the meetings to an owner upon receiving a request. If you're not taking minutes now, or maybe you're a new HOA board member and need some help, you've come to the right place! What are HOA board meeting minutes? Homeowner associations are nonprofit corporations or cooperatives ran by a volunteer group of homeowners called the HOA board. Much like any board of directors, whether in a company or a nonprofit organization, regular meetings are held to discuss business and to handle issues in the organization. HOA boards will me...