Most people are familiar with HOAs, if for nothing else, as the punchline for jokes about mailbox styles and front door colors. However, there is more to the HOA than making seemingly arbitrary rules about the home you live in. They serve many purposes, but they are not the same thing as an HOA property management company, a common source of confusion for many people. If you live in a detached residential home, townhome, or condo under an HOA, it’s worth your time to discover the difference between these two entities and the roles they play in your community, be it a whole neighborhood or a single mixed-use building.
Archive for the ‘ Association Management ’ Category
In real estate, the terms property manager and community manager are often confused. They perform similar jobs, but the differences are major. Both types of management help with the functionality of building complexes, like apartments, but which kind do you need? Let’s take a look at each.
Proper and efficient association management requires a continuous focus on leadership. You must cultivate leadership and participation by implementing strategies to build a stellar board bench. Keep in mind the principles of the organization and what traits people will need to have to help ensure the ultimate prosperity of the group. (more…)
All organizations, whether non-profit or for-profit struggle to find and set an appropriate budget. No matter the tax status of an association, staying viable is typically essential! A critical part of association management is the annual budget creation process. While the annual budget might seem like an annual headache, it is absolutely essential that you create a budget with transparency, efficiency, and accountability in mind. Here are some of the considerations that you need to make as part of your association’s annual budget creation process. (more…)
Real estate owners of developments or planned communities find it very beneficial to work with an association or community management service. Management services offer a great deal of expertise, but it’s important to fully realize what is expected of association management and what isn’t. When there is a board of directors involved with running an association, what roles are better handled by the board than management? (more…)
Most homeowners associations are run by volunteer homeowners who have the best interest of the community in mind. Unfortunately, most of these people don’t have the necessary skills or time to make sure that things go to plan. Attending meetings and planning events is only a fraction of community management. You must be up to date on news, laws, regulations, and your neighbors. While volunteers provide a perfect base for community management, a community association management professional can take some of the everyday tasks off of your hands, and make sure that your community is managed smoothly. (more…)
The New Year is about new beginnings. Sometimes this is good. Sometimes this is troublesome, especially when you aren’t prepared. As the calendar flips to 2015, homeowners associations are met with new challenges, specifically budgeting for the New Year. What takes priority? Where do you even start?
First and foremost, remember that the budgeting process is a marathon, not a sprint. You don’t gain extra points by rushing to the finish. In fact, it is far better to be meticulous and ensure you have all of your bases covered. This means research, research, and more research. As they say, knowledge is power. And the more digging (research) you do into past finances, the more knowledge you gain, the easier and more accurate the budgeting process will be.
Of course, no one said you had to do it all on your own.
How Association Management Can Help You Budget for 2015
Budgeting for a homeowners association isn’t an easy task, especially when you consider that most of the officers responsible are little more than volunteers. They are homeowners who are volunteering their time to help make their neighborhood the best it can possibly be. Unfortunately, while this is very admirable, it doesn’t always mean these associations are staffed by the most qualified individuals (is there a doctor financial advisor in the house?). This is why many HOAs turn to professional association management firms, like Clagett Management. Our Skyline II property management software includes full general ledger functions, budgeting information, unit owner information, and delinquency reporting sections that allow us to easily budget for the coming year and track expenses throughout 2015, which will make budgeting for 2016 even easier. We are also a member of the Community Association Institute, an organization for management professionals, making us uniquely qualified to serve your homeowners association’s needs.
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Hiring an association management company can mean the difference between the success and failure of your HOA, especially in larger communities.
There are more than 231,000 homeowners associations throughout the country. Each trying to overcome the same struggles as the next: inexperienced leadership and high turnover. These associations are staffed with volunteers – fellow homeowners – who are entrusted with the governance of the entire community. This is a lot of responsibility to put on a homeowner with very little experience. This is why many communities turn to Homeowners Association Management companies, like Clagett Management. We have the knowledge and expertise you need to successfully manage and operate of your association.
Homeowners Association Management Services in Maryland
Headquartered in Frederick, Maryland, Clagett Management is a member of the Community Association Institute, an organization for management professionals. This, along with our experience working with ALL the members of the association, not just the board, makes us uniquely qualified to serve your homeowners association’s needs. We will help coordinate maintenance, landscaping, and repairs and budget for such improvements. Our Skyline II property management software includes full general ledger functions, budgeting information, unit owner information, and delinquency reporting sections. And this is just the tip of the iceberg.
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Not only will a highly qualified staff member be present at all board meetings, but our managers perform regular site inspections and include this information in monthly reports.
Benefits of Homeowners Association Management
As we mentioned, homeowners associations (HOAs) can be extremely beneficial…IF they are run properly. However, many are not. The solution: Homeowners Association Management. Hiring a homeowners association management company can mean the difference between the success and failure of your HOA, especially in larger communities.
At Clagett Management, we will help coordinate maintenance, landscaping, and repairs and budget for such improvements. Additional benefits include:
- Our Skyline II property management software includes full general ledger functions, budgeting information, unit owner information, and delinquency reporting sections.
- Newsletter preparation.
- Small claims court collections.
- Special mailings
- Architectural enforcement.
- Development & enforcement of rules & regulations.
- And More!
Hiring a homeowners association management company to handle the day-to-day responsibilities and reporting does several things for an HOA. For starters, it makes sure that all members are following the rules and paying their dues. Secondly, it helps ensure consistency when enforcing policies. We don’t play favorites. By hiring a third party management company you ensure that emotions are set aside and every decision is made for the betterment of the HOA. Period.
If you have any questions about Homeowners Association Management in Maryland, please contact Clagett Enterprises at (301) 663-6011. You can also connect with Clagett on Facebook, Twitter, Google+, Pinterest, and YouTube.