Posts

Showing posts with the label hoa management company

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...

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 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...