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…………….


Related Articles

Health Concerns and Economics Are Leading More Condominium Associations to Ban Smoking

The battle between smokers and non-smokers may be reaching a tipping point in community associations. More boards are introducing master

Paying Maintenance with Credit Cards (NY)

“There’s an uptick of credit card use because credit card issuers are becoming increasingly competitive and aggressive with their loyalty programs,”

Creating an HOA Budget Committee

Your homeowners association has set up a board of directors that will help govern the HOA. Not every responsibility, however,