No matter what type of association you may be a member of, ALL community associations require some type of management. Some associations are successfully managed by volunteers while other use part-time professionals. And still others need to find full-time, on-site management.
Once its been decided to use a management company, the association/ board needs to be ready to invest time to develop this process.
The Board must determine which services provided by a management company an association would like: how many meetings, who is taking minutes, on site inspections, outside services (cleaning, maintenance... support personnel needed). The bid specification is critical as with any major project, the board must ensures all bids are "apples-to-apples."
The section process including developing a request for proposal, finding candidates, scheduling an initial meeting, checking references, analyzing the data and making a decision.
An association should never hire a management company based on price alone. It's important to hire a company that has a strong knowledge of community associations and the ability to work through complex problems. Make sure to find a company that can provide the community with solid managerial leadership.
Sunday, April 24, 2011
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