Wednesday, 10 December 2014

How to Work with Your HOA Management Company



HOA Board members should always be on the lookout for projects on which they can collaborate, working alongside their management company. After all, your management company is there to help you. Why not enlist their services on a big project that’s been weighing on your mind? More information is available at community association management Wilmington.

Of course, it is sometimes hard to know where the management company’s ability to help truly begins and ends. A few particular projects you might wish to collaborate on include:

-          Changing HOA ruling documents. These documents are supremely important—their authority overshadowed only by state laws—so you don’t want to change them lightly, or attempt to do so improperly.
-          Conducting a reserve study. When it comes to community association management, Wilmington HOAs need to conduct reserve studies annually, to ensure financial health. Doing so is arduous, but the management company can ease the process considerably.
-          When it comes to using community management services, Wilmington HOAs also benefit from legal guidance. Remember that your HOA can help you to better understand HOA laws, and can even represent you in court if need be.
-          Additionally, an association management company can assist your community should it ever need to procure funding for an emergency project or maintenance need.
-          Your management company can help you recruit and educate new Board members.
-          Finally, your management company can make sure you’re running your Board meetings as effectively and as efficiently as possible—and if you’ve ever been to a Board meeting, you know how significant that is!

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