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HOA Management Company Charlotte NCHOA Management Company Charlotte NC
HOA Management Company Charlotte NC
Carolinas Leading HOA Management Company
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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
  • Blog
  • Contact Us
    • Office Locations
    • Homeowner Central
    • Pay Dues Online

Advantages of Professional Management

The argument for self-management can be a strong one. The money saved on management fees can be diverted into maintenance projects, social events, and even to reserve funds. Members of the board of directors can retain control of all aspects of the management of the association, from financials to architectural requests.

But what happens when the elected board members can’t dedicate the time to better the community because they didn’t understand the position they were undertaking? Or when the board’s lack of accounting or management experience causes concerns with dues collection or vendor contracts? One accounting mistake or an uninsured vendor can cost an association more than they would have saved on several years of management fees.

A professional management company can work as a partner with the board of directors to ensure a community is protected and successful in both the short and long terms. They understand the needs of a community and have the experience and resources to effectively solve problems before they even arise, alleviating much of the stress from the board and allowing the community to flourish.

With specialized accounting systems, professional management companies can track all payables and receivables from vendor payments to dues assessments, follow up with past due and collections processes, create the annual budget, and provide monthly financial reports to the board. All records are kept in a central location and board members can request additional information at any time, ensuring the association’s finances stay sound and complete.

Most companies are on call twenty-four hours a day, seven days a week, for any variety of emergent maintenance issues. They are able to respond to unexpected situations such as water line breaks at all hours, coordinating with repair and insurance companies to make sure the situation is taken care of appropriately. In addition, they can handle all standard maintenance requests, contract negotiations with vendors, and scheduling of preventative maintenance.

Covenant enforcement can be put into the hands of the management company with the property manager performing inspections, then reporting their findings to the board to verify what issues should be considered violations as per the community governing documents. This keeps the community neat and property values high.

The level of trust that comes with hiring a professional management company is unparalleled. Homeowners are reassured their dues payments are being handled correctly and the board is receiving the professional guidance they need to make decisions in the best interest of the community. Board members can be confident in the property manager and rest of the management team carry out the decisions in a professional manner.

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 | 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 Nashville | 615-488-0684
  • HOA Management Chattanooga | 423-405-7050
  • HOA Management Memphis | 901-440-3067
Recent News
  • Rising Number Of South Carolina HOA Complaints: What Is This About?
    May 24, 2022
  • 3 HOA Memorial Day Activities For The Community
    May 11, 2022
  • South Carolina HOA Flag Restriction: Do Homeowners Have The Right To Fly The US Flag?
    May 4, 2022
  • North Carolina Solar Installations In HOAs: Can It Be Restricted?
    April 28, 2022

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©2022 Cedar Management Group. All Rights Reserved. Sitemapcai member

Cedar Management Group
PO Box 26844
Charlotte, NC 28221

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

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