As we begin 2013, many can only hope that his year will
bring better economical conditions than previous years. In the recent
recession, many businesses have survived only by drastically cutting
costs. However, where homeowner associations are concerned, self
management is not the answer.
In an article titled “The Myth of HOA Self Management,” the
author states that the myth of HOA self management was started in the 1960s by
developers which stood to profit from the decreased costs of self
management. As many HOA boards went forward with self management, they
found the path of self management full of pitfalls and dead ends.
An unhappy truth of HOA Management is the need to collect
delinquent payments. This requires a high amount of diplomacy and very
thick skin. How many board members want to walk next door, knock on their
neighbor’s door, and tell their neighbor that they are behind on their
association payments? What kind of community environment does that
create? Is it worth the money that might be saved?
The article went on to say that “…the two most emotional reasons that even the smallest HOAs should be
professionally managed: Money and Rules. No neighbor should have to collect money
from or enforce rules on another neighbor since the actions are predictably
confrontational.”
LandArc has more than 25 years of experience in the property
management industry. This experience simply cannot be matched by
volunteer boards of HOA communities. Within the last year, LandArc has
proven our excellence in crisis management when one of our communities was
damaged in a tornado last year. Our response to that situation gained us
the business of a neighboring HOA community. What board member would be
able to handle managing the cleanup and reconstruction of not only their own
home but their neighbor’s homes as well?
Self management is not the answer to reduced costs and will
lead to more headaches. To read more about the myth of HOA self management,
click on the following link:
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