|Homeowner Association Service Summary|
Supervise Maintenance of Common Facilities
Board has access to this information via internet.
Attend Board meetings
Serving on a board of an association is a tough job. It takes an incredible amount of patience and organization. Having a full service management company there at your side to support you is critical to the success of the Board being able to deliver on its value proposition for its membership. Most Board members work full time jobs outside of the association and therefore their time is limited. A property management company can help leverage that available time so that it is as much productive as possible.
From going through the mail, loading the bills, inspecting the property and communicating violations, hiring trade partners, managing the accounts receivable and paying bills, our goal is to make your association the best it can be. It is like we are living there as one of the members. While we concentrate on the background details, we are also working on developing programs to build the “heart” of the association. Through communication and events, we strive to build on the word community.
A Property Manager brings a high level of expertise and professionalism as a liaison to the Board. Main Street Management works for the Board and in turn the Association. This type of relationship allows the Board to focus on high level activities and empowers the management company to deal with the difficult issues that can arise in any community.
Homeowners Associations and Condo Owners Associations commonly referred to as HOAs and COAs respectively, are not for profit limited liability corporations, which were set up by the developer before a community is built. All homeowners within a specified area which was set by the developer make up the members of the association.
Most condominiums and many single family housing developments have COAs or HOAs set up by their developers. The main purpose of this is to establish and enforce certain rules which will maintain a unified community. This helps to protect property value and preserve quality of life.
HOAs and COAs are also responsible for maintaining common areas which are enjoyed by all members of a community. Examples of these could be: parks, pools, club houses, ponds, or even the sign and landscaping at the entrance of a community.
HOAs and COAs also help in handling neighborhood disputes by defining set guidelines of what is and is not acceptable. These rules are defined in a document called the Declaration of Covenants, Conditions, and Restrictions, also referred to as the DCCR.
The HOA or COA is represented as a whole by a Board of Directors. This is a small group of individuals elected by the homeowners to serve for a specified amount of time and to represent the homeowners as a whole. The board is responsible for upholding the by-laws, the DCCR, and overseeing the operation of the HOA or COA. The board also is responsible for setting a budget and determining the amount of HOA dues to be paid by each homeowner.
Because board members are voluntary non-paid positions, they often opt to bring in an outside management company, such as Main Street Management to oversee the details of the HOA or COA functions. Managing an HOA or COA is a very complete full-time position and most board members have outside obligations, which do not allow them to commit the ample hours needed each week to properly manage a community. Management companies, like Main Street Management also help to act as a liaison between the board and the homeowners. They do a great job maintaining peace between neighbors.