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Showing posts with the label hoa management

Are management companies a good idea for small HOAs?

There are many facets involved with managing a homeowners association - finances, collections, insurance, maintenance, rule enforcement, record keeping, and the list goes on. For larger associations, this usually means enlisting the help of a management firm or a property manager to take care of these tasks. Many associations do not need a full service management company, or perhaps don't have the budget to afford one. These could be smaller condominium developments or single family HOA subdivisions with limited maintenance requirements. There are few options for smaller associations: Remote HOA Management for Small HOAs Numerus provides remote HOA management  remote HOA management that is designed with smaller associations in mind. Numerus provides a majority of the services of a local HOA management company at a fraction of the cost. In summary, Numerus handles all of the "paper work" and administrative duties of the association: Collection of HOA dues with multiple pa...

3 Mistakes Board Members Make When Hiring an HOA Management Company

 When it comes to managing your association, the volunteer board may find that that it's too time consuming or difficult with all of your other responsibilities. After all, many board members have families, careers, and other life issues that will all take precedent over their HOA duties. An HOA management company can help reduce this burden. However, it's important to keep in mind it is not a magic pill that will cure all of the problems. Many board members rush into making a decision and hiring a company because they're burned out, cannot get volunteers, and just don't have enough time to volunteer as much as they would like. Or maybe the board has already hired a management company, and they're tired of the unsatisfactory performance, and so they want to replace them. It is important to understand that hiring the right management company can have major consequences and lasting impacts on your community. It is best to avoid knee jerk reactions and to perform prop...

3 Common Misconceptions about HOA Management Companies

When it comes to managing homeowner associations, you're going to find a wide variety of opinions on the subject, as well as HOAs in general. Some board members refuse to have an outside company and insist on doing everything themselves. Other board members are too busy, too inexperienced, or too burned out and want to have a company. Whatever the reason might be for hiring an hoa management company for your homeowner or condominium association, is to understand WHY you want to hire one, weigh the pros and cons, and then make an informed decision. Unfortunately, we've seen many people have misconceptions about HOA management companies and we hope to clear the air a bit. First, we'll start with intent. Intent Some board members, and even homeowners, view the management company as "the bad guy." Angry homeowners will blame the management company as the overbearing rule enforcer who's making their lives miserable and is just there to take the money from the home...