Understanding The Role Of HOA Property Managers

A homeowners association’s board of directors is responsible for the operations of the association. The members of the association, who are the owners of the properties that make up the association, elect the directors in accordance with procedures and rules that are set forth in state statutes and the governing documents for the association that are created when the association is formed. Typically, the directors are elected at annual meetings of the association members, and they serve for terms that are specified in the governing documents.

Because the directors are volunteers with limited time and expertise that is needed to properly run a homeowners association’s business, associations often utilize the services of property managers. An association property manager is a person or entity who, for compensation or in expectation of compensation, provides management services that typically include such things as:

• Administering or supervising the common areas of the association.
• Administering the financial assets of the association.
• Implementing resolutions and directives of the association’s board of directors.
• Implementing the association’s governing documents, which govern the operations of the association.
• Administering contracts with: