HOA management associations are essential to the success of a community that thrives under a Home Owner’s Association. While HOA management is something that is quite common, many homeowners and elected board members believe some even more common misconceptions.
Goodwin & Company is proud to help clear up some of these myths and show your HOA how we can be a helpful partner in the development of your community.
1. Myth 1: The Management Company is the Association
Many community members mistakenly believe that the management company is the Association. It makes sense that many people would believe this myth, since the management company is the primary point of contact, however, this is not the case.
The management company is an outside entity that is responsible for enforcing and managing the day-to-day operations of the Community Association.
The Association itself is responsible for community governance and decisions about community maintenance and how it should look and run. Even though an Association can manage itself, a management company can help with enforcement of community rules, financial and account organization, and guidance on best practices for how an Association should run.
2. Myth 2: The Management Company Replaces the Board
Your community management company should really be seen as a partner to the Board. We want your community to run smoothly and be governed effectively. We are in close communication with Board Members and work with them to ensure that, in the end, only the best decisions are made for the community.
Although we do have input and provide guidance, the ultimate decisions are made by your elected Board of Directors.
3. Myth 3: All Management Companies Are the Same
No two management companies are alike. This is why it is important for an Association Board to do their research, shop around, and truly understand the vision that they have for their community and select a company whose management philosophy aligns with theirs.
At Goodwin & Company, we pride ourselves in the specialization of:
- General HOA Management
- Condo Property Management
- Developer Services
- Project Coordination
- Community Finances, and more!
4. Myth 4: Management Companies Are Hands-Off
Management companies are made to serve as a glue to the order of a community. Many people think that we tend to be hands-off and manage the company from a distance. The truth of the matter is, we are on the front lines addressing homeowner concerns and issues so that the Board can focus on the overall governance of the Association.
We serve as a non-biased party and help with any conflict resolution or community violations that disrupt the wellness of a community. Our management is personalized and caters to making your community the best that it can be.
5. Myth 5: We Keep Need-To-Know Information Hidden Away
Keeping secrets from community members is something that a reputable management company will never do. In order for a community to work, regulations and rules must be made public to the community. Other information that is available from an association management company includes:
- Meeting minutes
- Financial reports
- Policies
- Planning documents/ plat maps
- Newsletters, and more.
Find the Management Company that Your Board Needs with Goodwin & Company
If your Community Association Board still has any questions about how an association management team helps a community, Goodwin & Company is available to help. Contact us today to find out more about our services in your area and our past accomplishments in communities like yours.
