Risks and Rewards of Association Self-Management

There are both advantages and pitfalls for common interest realty associations (CIRAs or associations, plainly) that wish to self-manage.  A self-managed association typically employs an onsite professional manager who works directly at the board’s behest and is given authority to complete assignments, coordinate departments, collect and disseminate information to the board, protect assets, enter into contracts, handle the accounting for the association, manage other association employees, work with the board and sub-committees, and serve as a liaison between the board and individual homeowners and contractors.   Read the article…………….