Learn More About Professional HOA Management

1. Learn More About Professional HOA Management And How Communities Are Benefiting From Having A Professional HOA Community Manager On Board Every Homeowners Association eventually faces the choice of continuing with self-management or hiring a professional HOA management company. Making such a choice is also not easy, especially if you do not understand the differences between professional HOA management and self- management. First and foremost, an HOA must usually also decide what services it will offer to residents who make up its membership, among the list of administrative and financial services. High security (gated communities), high-speed internet or Wi-Fi, water, sewer, garbage and snow removal, landscaping, and general maintenance are among the services that most HOAs provide, but the bigger the community – the more complex these services can become. Communities will always have some type of challenge within their borders, and disagreements or disputes between homeowners and the HOA board, as well as some pressing legal issues, will always be present. These matters can sometimes not be resolved by the HOA board members, and many HOAs require the assistance of a professional HOA community manager to resolve them on behalf of the board. In this article, we will look at the responsibility of an HOA, but we will also touch down on some of the advantages of hiring a professional HOA management company, and how a qualified HOA community manager can help communities thrive and prosper. What exactly is a Homeowners Association? A homeowner’s association's primary responsibility is to safeguard its members' interests and the value of their properties. According to research, around 50 million American homeowners are HOA members. If you belong to a Homeowners Association, you will be fully aware of the fact that one of its primary responsibilities is to create a set of guidelines or rules that will regulate the HOA. Although there is a basic framework for these regulations, the HOA's members decide on the specifics. If you intend to purchase a house with a Homeowner’s Association any time soon, you should familiarize yourself with its rules and regulations, before signing any documents. Typically, an HOA is governed by a volunteer board of directors chosen by the association's members. The board has a duty to uphold the norms outlined in the Code of Conduct (COC), and the rulebook places restrictions on their authority. Some of their fundamental responsibilities include enforcing COC compliance and making decisions regarding amendments to the COC, and gathering HOA dues. Some boards even have broad authority, starting with the ability to prevent them from going unpaid. What are some of the rules that can be enforced on residents by an HOA? Every HOA has a code of conduct, which is essentially a rulebook outlining what residents are permitted and prohibited to do. The HOA's members must eventually agree on these guidelines, but the rulebook can be as specific as they like. Home upgrades, pet ownership, the types of flags owners may fly outside their homes, the length of their grass, and sometimes even the number of guests who are permitted on the property are all subject to HOA regulations. Research indicates that

2. some HOA members in disagreement, have sued their HOAs for what they view as overriding regulations. What is professional HOA management? One of the most important decisions a board of directors can make for their association is engaging with a professional HOA property management company, to take over some of their responsibilities. In some jurisdictions, it is required that a Homeowner’s Association appoint an HOA community manager, and some even go so far as to stipulate that the HOA community manager appointed, must hold a specific qualification. Although the specific tasks involved in managing a community can vary depending on the situation, an HOA community manager always serves to support the board of directors by advising and informing them. The HOA board then typically transfers most of its HOA responsibilities and duties to a third-party company with professional homeowners association management expertise, which company subsequently assigns a professional HOA community manager for that community. Given the skill, knowledge and experience that HOA management companies bring to the table, hiring them is without a doubt a great investment that will certainly pay off, and benefit your community. About us: Walters Management is a triple-accredited community association management company that assists property partners in meeting the highest administrative, financial, and maintenance standards. If your Homeowners Association (HOA) management is currently underperforming, we can assist you in raising the bar and earning the trust and cooperation of your homeowners and members. We offer a personalized approach to community management which reflects the fact that no two communities, nor the difficulties they confront, are exactly the same, and as professionals who understand the industry, we provide exactly the type of 'management' action one would expect from a superior property management business. We provide a broad range of management services to fit the individual needs of association board members and homeowners, and we invite you to find out more by visiting our website at https://www.waltersmanagement.com/.