Are you a member or on the Board of Directors of a smaller homeowners association? If so, I am sure you are aware of the need for help. Most people think bigger communities are the ones that need the most support, but in all reality, the smaller HOA’s with less resources and members need the biggest amount of guidance. One of the main reasons smaller HOAs need the support is because only 10% of the people living in a community have the skills and personality to run a community association. These are the select amount of members that serve on the Board. After a few terms serving on the HOA board, it can become draining for the volunteers that were once willing to serve but now are drained.
There are solutions that do not have to result in specifically hiring a management company. Although property management companies are great and such a nice expenditure, some communities that are smaller just need a little push of help. It is good to have a bit of independence as a community association but a little direction from a professional is necessary. You need a company that will handle all of the day-to-day financial management tasks that come with living in an association. This will free up your time and allow you to focus on what matters most when serving on your HOA board.
The volunteers serving on an HOA board can eventually get burned out and things can spin out of control. Luckily, there are options out there like our company, Clark Simson Miller. We have all the knowledge and experience necessary to jump in and save your community from destruction. We know everything there is to know about HOAs, including legal information and other aspects of the industry. We specialize in virtual accounting and financial management services for homeowners associations. Our clients enjoy savings up to 60% of traditional management costs while not having to sacrifice service or quality. We also understand the challenges of serving on a Board of Directors and desire to help HOA management companies and self-managed associations better serve their residents.
By Clark Simson Miller