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What is HOA Management?

In Rochester, many condominium and townhome communities use outsourced property management companies to help the homeowner’s association fulfill its duties.

Depending on the management company that is chosen and the contract that is negotiated, the property manager could take over almost every duty of the HOA, or have a very minimal role.

In either case, the manager’s power derives from what the HOA itself can do.

How does Kenrick do HOA Property Management?

The HOA’s Role

The role of the homeowner’s association in your particular community depends on the powers that the covenants, codes and restrictions give it.

Generally, the HOA will oversee the maintenance of the common areas of the property and will provide for shared services.

It’s also responsible for collecting dues, using them to pay the bills and administering the reserve fund, which saves money for major expenses.

HOAs also enforce the community’s rules and mediate disputes between community members.

The HOA Problem

Homeowner’s associations are governed by boards made up of members of the community.

If you want to play a role in how your community runs, you can run and be elected to your board.

You’ll do a lot of work, though, and you won’t get paid for it.

This is one of the reasons that many HOAs turn to professional property management like Kenrick ā€“ the amount of work is a lot to do without help.

HOA Management Companies

An HOA management firm helps the association board fulfill its duties.

A full-scale management contract typically relegates the board to a decision-making role.

HOA managers collect dues, maintain properties and pay bills.

They also can take calls from homeowners about issues and handle enforcing the Bylaws and Rules for the property.

Finally, HOA managers also handle much of the administrative work for the board, like scheduling meetings, helping with budget preparation and managing reserve funds.

The board, with the help of management, sets policy and makes major decisions.

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