Key Differences Between an HOA Management and a Property Management Company If an HOA hires an HOA management team does it mean they also automatically oversee maintenance of the properties in the community the HOA is responsible for? Not necessarily so. A lot of people think that HOA management and property management are interchangeable terms thus mistaking an HOA manager as a property manager too and vice-versa.
Top 3 Reasons an HOA Should Hire a Property Manager A property manager oversees the care and maintenance of a specific property, including vetting tenants and ensuring renters follow regulations stipulated in the lease contract, if they were hired to oversee rental properties. Other than rental properties, a property manager may also be hired to oversee the general upkeep of a piece of property like a vacation or second home. What then, is the role of a property manager in a homeowners association? Reasons why an HOA should consider hiring a property manager An HOA is responsible for the community... Read more »
First off, covenants, conditions, and restrictions or CC&Rs aren’t the same as bylaws, although a lot of people confuse the two as being one and the same. To clarify, CC&Rs are the rules and regulations that the HOA and homeowners must follow. These documents define the obligations of the homeowners association towards its members, and the members’ rights and responsibilities as part of the HOA. Bylaws, on the other hand, basically cover the community as an entity and under this, you can find regulations concerning the HOA’s Board of Directors from the number of directors that can be on the... Read more »
There are various reasons why a homeowners association may get dissolved, and the process to start its dissolution may be initiated by either the Board itself, one its members, or by a homeowner. In general, a homeowners association or HOA is established to look after the welfare of its homeowners and oversee the upkeep and safety of the community. So why would anyone within that community ever want it dissolved? Here’s what every homeowner should know about HOA dissolution: 1. It’s a process that should abide by federal laws and HOA covenants Understand that dissolving an HOA is a long... Read more »
The success of a homeowners association (HOA) depends on the HOA board’s ability to manage its community. In other words, for a community to thrive, the HOA board members must possess the skills that’ll allow them to improve the quality of life in the community. While there are currently no state laws governing who can or can’t become an HOA board member, many HOAs have bylaws requiring candidates to possess certain skills before they can be eligible for a seat on the board. With that in mind, here are 4 skills you’ll need if you want to become an HOA... Read more »
