4 Keys to Working with Insurance Adjusters
September 20, 2017
Avoiding Conflict with the Neighbors in your HOA
October 4, 2017
As a recognized homeowners association, communities often have an association management company to help their HOA run smoothly. The management company works closely with a board made up of volunteers to execute a wide variety of tasks you may not be aware of; however, their work affects every single resident.
One of the most important things the association management company does is create and enforce the association rules. Ultimately, they are looking out for the greater good. By enforcing the rules, they are doing their best to keep property value up and conflicts down. Of course, it is important to make sure the rules are beneficial for the majority—and hopefully all—residents. You are welcome to raise concerns about the rules at open board meetings.
Another major responsibility of the association management company is to collect assessments from homeowners. Collecting this money is important for the stability of the association, because the assessments pay for the common elements enjoyed by all residents. Assessments also help to replenish the reserve funds, which pay for any major repairs the association may need. The management company is responsible for the association’s finances, and collecting assessments is how it ensures that the association remains solvent.
In addition, the association management company works to create a strong community feel among residents by planning lifestyle events and other gatherings that neighbors can enjoy together. Providing opportunities for residents to spend time with one another creates a stronger sense of community within the association.
Finally, the company acts on behalf of the association by supplying a manager and working with attorneys, contractors, and other professionals who help enhance the lifestyle within the community. They also help conceive and lead many of the projects that will improve the HOA.
At NMI, we are passionate about the residents and making the community a great place to call home. Why not learn more about what we do for your community by attending an open board meeting or running for a seat on the board during the next election? We’d love to see you there!
