Why employ a Management Company?
At this time, the HOA does not employ a management company. The governing board of a HOA, however, often hires a management company to handle maintenance and enforcement issues within the community. The management company assists the Board with administrative duties such as attending meetings, helping with agendas and minute taking, sending out notifications and homeowner letters, drafting rules and regulations, managing a current homeowner roster, collecting dues and reporting delinquencies, helping to maintain records, books and accounts and creating necessary statements for the Board to review. The management company also assists with maintenance, repairs and capital improvements around the property by soliciting bids, hiring, overseeing and discharging independent contractors.
Related Questions
- Section 1.2 Why should we use Bring It Promotions rather than organize our own tour or employ another tour management company?
- Can the homeowners association employ a management company to assist in managing my condo or townhouse complex?
- Can a claims management company employ me as a solicitor to do the initial litigation work in claimants cases?
