The success of your homeowner's association often hinges on the quality of its management. With a strong HOA management company, your community thrives. A weak one can lead to
unnecessary struggles. And if your HOA opts to operate without professional management, your board members must become knowledgeable, multitasking experts.
Finding the right HOA management company is no small feat. It requires identifying one that aligns with your community's needs and budget. You want a partner that understands your
association's unique lifestyle and offers value without hidden costs or excessive fees. Once you've found potential candidates, it's crucial to ensure the management agreement reflects the promises made during negotiations and safeguards your association from unexpected liabilities.
But what happens if your management company falls short of expectations? Knowing how to
address performance issues is just as important as choosing the right partner in the first place. Whether it's renegotiating terms, fostering a better working relationship, or making the tough
decision to seek new management, your HOA board must be prepared to act in the best interests of the community.
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.
Best regards,
Matt Humphrey
President