When compared to the olden days when people had no choice but to live in groups and tribes, today, the kind of living and surroundings has multiple options to choose from. You can either choose to live in a simple house, or a condo, or surround yourself with a community, etc. Each one has its unique way of being managed, and this article will focus on community association management.
What is it?
Just like there exists a homeowners association and condo association, similarly, a community will have its own management. This association is a third party that will handle finance management, project management, accounting, and customer service of the community. The person managing this is called a Community Association Manager.
What is their role?
The role and responsibilities of a Community Association Manager are all-around in the community. They handle all kinds of situations, from minor disagreements between neighbours to major pest outbreaks. However, their responsibilities will vary depending on the custom preferences and needs of the respective communities.
Tasks performed under this management
- General Administration and Management- attending calls and emails of board members, vendors, homeowners, etc, handling and maintaining documents and records, reviewing proposals, etc
- Management- Enforcing rules and regulations, follow-up on complaints, conflict resolutions, regular inspections, dealing with community violations, etc
- Maintenance of Amenities and Shared Spaces- Ensuring the working of amenities, schedule of repairs, handling vendors, providing keys or access to shared spaces, etc
- Accounting, Finance, and Legal- Collect and process rents and payments, handle community funds, prepare monthly financial reports, file tax returns, keep track of government regulations, etc
- Insurance and Loans- Track insurance coverage, document asset values, prepare for loan applications, etc
To conclude
Providing your community with a community association management deems beneficial to the residents because of the implementation of a Culture of Accountability. The community manager and respective staff will manage the daily operations of the community, ensuring residents live a comfortable life, by performing the above-mentioned activities. This will help in the smooth running and up-keep of the community, relieving residents of the burden of maintaining it themselves.
