Homeowners associations can be expensive to set up and operate. They become even more expensive when community managers hire property management companies to do the job. So the first thing HOAs can explore to keep costs low is to choose self-management. However, even self-managed HOAs can run into extensive man-hour requirements, budget problems, and high …
When creating a homeowner’s association, there are a lot of operational requirements you need to grapple with. One of the most important is whether you will allow community members to manage the HOA or take bids from HOA management companies. There are pros and cons to self-management for HOAs. However, most of the disadvantages are …
When a community decides to create a homeowner’s association, self-management may seem like the obvious first choice. After all, why would homeowners want strangers to dictate how they run their communities or have to pay hefty fees? While it does make sense at a first glance, many HOAs have decided to hire professionals to manage …
What Are the Pros and Cons of HOA Self-Management? Read More »
Technology has revolutionized the way we work. This is as true for homeowner’s associations as it is for most other organizations. HOAs have ultimate responsibility in the communities they serve. Because of this, a high level of organization is required. Many association managers are utilizing HOA management software to save time, costs, and improve the …