On the surface, managing the homeowners association may seem simple and straightforward. Many HOA boards think they have it all together and can easily manage the HOA on their own. After all, can’t their community be self-managed? Is it required to hire an HOA management company? The answer isn’t that simple and there are factors that need to be considered before going down the road of self-managing the HOA. Unfortunately, there are several significant risks HOA boards take on when they choose to be self-managed. Knowing those risks is important for making a wise decision about your HOA management needs. Some of these risks are minor, but some can cause tremendous financial and legal problems. Read the article………………
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