HOA Management: How to Select the Best Community Association Partner

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• HOA Management
• How to Select the Best Community Association
  Partner

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HOA Management

• The primary qualification is trust
• Running HOA involves managing a lot of projects
  and tasks. Experience and expertise should
  represent initial qualification
• Spend ample time during evaluation process. Make
  sure you cover all your bases takes time,
  discipline and effort

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HOA Management

• Look Within before You Look Outside
• Have a search committee in place before
  evaluation process begins
• Understand what your community association needs
• Make a list of each ones critical requirements,
  then compile a master requirements list of
  everyones input

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HOA Management

• Understand State Guidelines
• Have an idea of what state regulations require
  for HOA Management companies
• Ex Florida community managers required to be
  certified through the state
• Need to know regulatory credentials needed
• Consider management companies certified by
  industry associations

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HOA Management

• Understand State Guidelines
• Consider companys bonding and insurance,
  including liability and workers compensation
• Ask for a copy of all insurance certificates to
  confirm proper coverage's

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HOA Management

• Internal Processes for HOA Management Companies
• Look inside each candidate to determine best
  match. Ex HOA management company must
  demonstrate stringent internal hiring practices
• Evaluation should start with checking references

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HOA Management

• Internal Processes for HOA Management Companies
• Visit the companys offices and facilities they
  manage in person

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HOA Management

• Read the Fine Print
• Dont skip reading all the terms of contract
• Dont rely on standardized contract forms
• Have association attorney review all legal
  documents and make changes accordingly
• Enter into an agreement for shorter period of time

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HOA Management

• Read the Fine Print
• Understand termination clauses
• Know all the costs associated with your HOA
  management companys services

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HOA Management

• About the Author
• Susan Williams is Vice President, Business
  Development and Marketing at AAM Community
  Management, one of America's most-respected
  Homeowner Association (HOA) management companies.
  
• Learn more about HOA Management and other
  services by visiting http//www.AssociatedAsset.co
  m/.