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What HOA board members need to understand before selecting a residential or commercial property management company. If you reside in a planned interest development (PID) or common interest development (CID), your community is most likely run by a property owners' association (HOA). In most developments, the HOA has many responsibilities, consisting of the obligation to set a budget and examine HOA fees, and to keep, repair, and change the advancement's typical locations (such as typical landscaping, or amenities such as swimming pools and tennis courts).

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This article evaluates the significant considerations an HOA must look at when working with a residential or commercial property management business.  community association management  Governing Files to See Whether Hiring a Residential Or Commercial Property Manager Is Allowed Prior to employing a home manager, the board needs to review the HOA's governing documents to determine the level of the its responsibilities and whether there are any constraints on employing a supervisor to bring out HOA commitments.

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If you have concerns connecting to your board's authority to employ a supervisor, consult your HOA's lawyer (or another skilled lawyer in your area). Determine the Scope of Work to Assign the Supervisor After reviewing the HOA governing documents (and provided there are no limitations on hiring a manager), the board is in a position to assess, and develop a list of the tasks it requires a manager to carry out.

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Property management business frequently use a menu of available management services, including typical area maintenance, security monitoring, enforcing rule infractions, billing, or collecting dues and assessments. Depending on the amount and type of work required, the HOA might require an on-site supervisor with consistent hours, or an off-site company to perform specific, minimal jobs.

Look At Prospective Residential Or Commercial Property Supervisors' Licensing and Qualifications Some state laws require residential or commercial property managers to have a license, certification, registration or other credentials. Your HOA's attorney, or another skilled regional attorney can help you determine what's required in your state. Consider only property supervisors with the correct licensing or qualifications.