May 7th, 2015 by Aegis CMS
While for some communities self-management can be a productive and beneficial option, the engagement of a management carries with it many intrinsic benefits. Among them are:
Because a management company seeks to deliver a product that meets the needs of a variety of communities, it is more likely to have the capability to implement the latest technological and educational resources to the management of the community. GPS and web-enabled rules enforcement systems, advanced websites and accounting software, and manager and team member educational opportunities are a few examples of the resources that management companies are able to offer.
There are a number of different disciplines that must be carried out properly in order to govern and manage a community including accounting, collections, real estate closings, and maintenance. Management companies can engage industry professionals from beyond the community management industry to fill these roles.
Although Community Managers can change, a management company represents an inherently consistency clearinghouse/custodian for the history and records of the Association. That aggregated history transcends the coming and going of Board members, community managers, and community volunteers.
A reputable management company avoids advocacy for any particular owner, group of owners, or Board members and should represent an important layer of neutrality in the governance of the Association. A reputable management company will also shun improper relationships with those doing business with the Association, in order to ensure that the business is done in the most competitive manner possible.
Whether a Board member has the technical expertise and tools to properly manage a community, doing so will nearly always divert his or her attention from their true role of governance. Community leaders who get wrapped up in the axles of the day-to-day affairs of the Association can easily lose sight of the broader vision and long term strategy for the community. Engaging a management company to manage and administrate, so that the Board can be free to govern and plan, can help enhance the community both now and in the future.