As many cities, including Detroit, experience financial
difficulties, some homeowner associations have assumed control of various
duties for the associations they serve. The nature of HOA communities has
shifted to include property maintenance, trash collection, and other duties
that were once performed by local governments. As a result, it is
becoming increasingly difficult for board members of HOA communities to take care
of the day-to-day operational tasks of managing the communities they
represent. According to USA Today, 75%-85% of HOA communities perform
their day-to-day activities with the assistance of an experienced property
management company, while the other 15%-25% are still self managed.
As
the residual effects of the housing crises continue, governing board members of
HOAs are required to take on more and more responsibilities. This ranges
from daily operations like dealing with contractors, bookkeeping duties like
paying invoices, and collecting delinquent association fees from fellow members
These tasks can prove to be daunting without the assistance of a
professional management company, such as LandArc.
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