Why Your Newly Formed Condo Association Will Need Professional Management
Posted on: 16 May 2016
Once a developer gives his hold on a property over to the community, that community has many decisions to make. It's not always easy to
- create a community board,
- find qualified residents to take on positions,
- and handle the duties that come with community management.
A condo association management, or CAM, group is the solution to figuring it all out. Here's why you should consider one for your new condo association.
Everybody Isn't an Expert
One of the things new condo associations learn is everybody doesn't always know what they're doing or talking about. There's a good chance you will have some people in positions that they are ill suited for. Unfortunately, you may not discover this until they do something they shouldn't. In general, your board should, at minimum, contain these three members.
- President
- Secretary
- Treasurer
Volunteers, who are voted on, fill these positions. There's no guarantee that each member will know how to handle their new duties. They may not even have the time to handle their duties. They're still normal people who must work, maintain their homes, and deal with their own day-to-day problems.
A CAM can help board and association members in a number of ways like those listed below.
- Help them to understand their duties
- Train them on how best to carry out those duties
- Teach them how their efforts contribute to the association as a whole
They can also help schedule important board functions so that personal lives don't contribute to neglect of association duties.
An Association Isn't a Business, But It's Ran Like One
A condo association isn't a business. However, it works very much like one. Having a board and members who cannot grasp that can lead to negative outcomes. A CAM company can help get everybody on board with necessary administrative duties like the following.
- Financial planning
- Workflow management
- Training
- Forming strategies
Generally, these services make sure that everybody is in the same boat and rowing in the same direction. Having professional help will make the process far more manageable.
There are Larger Matters to Tend To
Keep in mind that association management needs to occur before you can start any property management duties. If the association is in disarray, or those on its board aren't sure what they should do, a CAM service can help sort it all out. The faster this happens, the faster the board can take care of its association members and the condo as a whole.
For more information, contact a company like MacPherson's Property Management.
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