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(877) 252-3327
help@mycmg.com

  • Home
  • Our Services
    • Community Management
    • Accounting/Collections
    • Maintenance/Violations
    • Board Education
    • Reserve Planning
    • Legal Assistance
    • Value Added Services
  • Why Cedar?
    • Our Message
    • Our Mission
    • Testimonials
    • Our Value
    • Answers
  • About Cedar
    • Company Facts
    • Our Staff
    • Memberships
    • Careers
    • Partners & Acquistions
    • Resources
    • Cedar Staff Login
  • Blog
  • Contact Us
    • Office Locations
    • Homeowner Central
    • Pay Dues Online

Homeowners Association (HOA) Management Services

Homeowners Association (HOA) Management Services

Homeowners associations (or HOAs) have a large amount of ongoing, daily needs from their Board of Directors. Running an HOA requires constant attention and care, which is where association management companies provide assistance. The purpose of the management company is to take over duties of the association, ranging from only financial to full on-site management of the HOA.

There are association management companies all over the United States that aid homeowners associations with their governing duties. Having a management company helps to keep the functions of the homeowners association running smoothly and involves many facets of management.

#1: The Staff

An association management company has trained staff who manage tpeoplehe HOA. The services can vary depending on the needs of the association, but a management company will employee people with experience in the areas needed. Management staff work closely with homeowners association board members to provide services to their communities.

The management team reports to and takes direction from the Board of Directors as needed. Rules and policies are not set by the management staff, but they simply follow the rules of the association.

#2: Maintenance

The need for property maintenance is an inevitable part of homeownership, and maintenanceone that management companies can also handle for associations. Staff can take care of processing work orders and emergency requests made on properties. The Board of Directors will determine what is necessary when maintenance arrangements need to be made, and the management company will handle those arrangements.

Management companies will also take on the role of working with vendors for the association, including meeting with the vendors, contractors, and/or homeowners on their property. Staff will help with assessing property for maintenance needs.

#3: Financial

HOAs may employ a management company for handling the association finances, as well. financialMonthly financial statements can be prepared and distributed to the Board of Directors. Some other financial duties often provided by homeowners association management companies include:

  • Printing and mailing statements to homeowners
  • Opening and maintaining bank accounts as directed by the Board
  • Reviewing and managing bills and expenditures made by the association
  • Maintaining account ledgers and account histories for each homeowner
  • Preparation of budgets, including reserve analysis and projections
  • Handling the preparation and processing of IRS Form 1099s during tax season

These services are performed by a professional bookkeeper or accountant provided by the management company.

#4: Administrative

Management can handle secretarial duties for the association, such as sending out processreminders to homeowners and handling any deliquency matters – including legal action, if required. Administrative duties may also include maintenance of the database for vendors, homeowners, and tenants, 24/7 service or extended office hours, and scheduling of Board meetings.

Basically, the company works as a secretary service to handle clerical work required by the association and prevents the paperwork (or online work) from piling up.

#5: Customer Service

Besides taking over duties of the Board such as financial reporting and handling of maintenance, managementcs staff can fulfill the customer service needs of a homeowners association. They will have the experience and understanding of concerns homeowners commonly encounter, which provides a focus on customer service when answering calls, emails, or requests from members.

To service the Board of Directors, some management companies will also provide extra services like training for board members in the associations they manage.

Homeowners association management provides associations with the support needed to keep their homeowners happy, assist the Board of Directors, and keep the wheels turning. A professional management company will be able to provide the tools in running a successful homeowners association.

cedar video
  • Community Association Audit
  • Functions of an HOA Board of Directors
  • What is a Condominium Association?
  • Governing Documents for an HOA
  • Advantages of Professional Management
  • Management Options for an HOA
  • Why do HOAs Need Insurance
  • What is a Homeowner’s Association?
Our Community Association Management Locations
  • HOA Management Charlotte | 704-644-8808
  • HOA Management Rock Hill SC | 803-620-1388
  • HOA Management Asheville | 828-333-4404
  • HOA Management Hickory | 828-358-1245
  • HOA Management Winston-Salem | 336-793-0879
  • HOA Management Raleigh-Durham | 919-348-2031
  • HOA Management Columbia SC | 803-234-4444
  • HOA Management Greenville SC | 864-469-4937
  • HOA Management Mooresville | 704-235-4902
  • HOA Management Greensboro | 336-690-5001
  • HOA Management Charleston | 843-416-5038
  • HOA Management Hilton Head | 843-547-0206
  • HOA Management Myrtle Beach | 843-286-5545
  • HOA Management Wilmington | 910-782-1143
  • HOA Management Knoxville | 865-314-8562
  • HOA Management Gatlinburg | 865-314-8562
Recent News
  • How To Make An HOA Candidate Statement For Board Nominations
    February 24, 2021
  • How To Hold An HOA Annual Meeting During COVID
    February 11, 2021
  • 7 Crucial Items to Include in Your HOA Annual Checkup
    February 11, 2021
  • Homeowners Rights Against HOA: Avoiding Conflict In The Community
    February 2, 2021

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Cedar Management Group
PO Box 26844
Charlotte, NC 28221

Phone: (704) 644-8808
Toll Free: (877) 252-3327
Fax: (800) 334-0526