With a great HOA management company, your homeowners association will
flourish. With a weak one, your association will struggle. Without one,
you need to be a jack of all trades—and an informed one at that.
It's not easy finding the best HOA management company you can
afford. You need one that fits your association's lifestyle and members'
needs. You also need to be sure you're paying "the going rate" or
better, instead of being nickel-and-dimed to death. Once you've nailed
down those two tasks, you need to be sure your contract with your HOA
management contract memorializes the promises the management company
made to you during the bidding process and protects your association
from surprises. Finally, you need to know how to handle an HOA
management company that's not meeting its responsibilities.
And if you're a member of an HOA board of directors that's
decided to manage your association without the aid of a management
company, you need to know the rules you should live by to reduce your
association's legal exposure—and your personal legal risks as a
director.
In this exclusive HOA management special report, we offer insight
and guidance on every one of these issues—and many more. We provide
tips on finding a good property manager and determining whether you need
an onsite manager, must-have and must-not-have contract language, and
tips for responding when your management company isn't doing its job,
including guidance on when to cut ties or work toward a better
relationship. We also educate going-it-alone boards on best practices
for self-managed homeowners associations. All of this comes from
HOAleader.com's expert contributors who've devoted their careers to
serving and advising associations. Governing documents and state laws
vary, but this information will serve as a foundation for your HOA board
to work through your relationship with your management company or work
without one safely and smartly.
Download now » |
 Download now » |
| Table of Contents | ||
| HOA Governance: Making the Outside-Managed vs. Self-Managed Decision | 2 | |
| 5 Rules to Live By for Self-Managed Homeowners Associations | 4 | |
| Do You Need to Hire an On-site Manager for Your Homeowners Association? | 7 | |
| 7 Tips for Choosing the Right HOA Management Company | 10 | |
| 5 Questions to Ask Your Manager about Your Homeowner Association's Finances | 13 | |
| 5 Must-Have Clauses in Your HOA Management Contract | 15 | |
| HOA Management Contracts: 5 Cause-for-Pause Clauses | 19 | |
| Best Practices for Working with Your HOA Management Company | 23 | |
| 4 Tips to Get Top Service from Your HOA Management Company | 25 | |
| 9 Responsibilities HOA Boards Shouldn't Delegate to a Manager | 27 | |
| Why Your HOA Board—Not Your Manager—Must Authorize Liens | 30 | |
| Does Your Management Company Have Conflicts of Interest? | 32 | |
| HOA Management Fees: Beware These Questionable Fees; How Your Association Can Address Them | 35 | |
| Should You Fire Your HOA Manager? 5 Tips on How to Decide If It?s Time | 38 |
Courtesy: HOALeader.com
http://www.hoaleader.com/public/568.cfm
http://www.hoaleader.com/public/568.cfm
This article is not intended to be specific legal advice. It only provides general legal information. You should consult a licensed attorney if you have a legal issue.
