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A Beginner's Guide to HOAs

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WHO'S WHO IN HOAS Board of Directors An HOA is required to have a board that's authorized to act on a community's behalf. Boards consist of elected volunteers who help create and enforce guidelines, set goals, and protect homeowner rights. The roles and responsibilities of an HOA board include: PRESIDENT • Schedules and runs board meetings • Serves as main contact for partners • Signs association documents VICE PRESIDENT • Acts for president when they're absent • Chairs important committees • Helps run meetings TREASURER • Oversees billing and collections • Leads annual budget efforts • Manages financial reports SECRETARY • Takes meeting notes • Maintains official records • Files annual corporate reports Committees A committee is a small group focused on specific community aspects that require additional oversight, planning, and execution. Common committees include the Architectural Control Committee, Neighborhood Welcome Committee, Social Committee, and Finance Committee. HOA Management Company The board contracts the management company to fulfill duties members can't carry out. Often, these companies will support maintenance, accounting, and other efforts. Community Association Manager (CAM) The CAM is the face of the management company. They're responsible for the overall operations of the association and advising the board. Property Manager Property managers oversee the physical property. Property managers typically focus on rental properties and work with tenants and owners to ensure the property is well-maintained. Professional Advisors Associations need the expertise of professional advisors to protect the community and prepare it for the future. HOAs often partner with attorneys, insurance agents, and Certified Public Accountants (CPAs). Service Providers HOAs may require vendors to maintain and enhance the community. Needs vary, but most need service providers for landscaping, pool services, maintenance, waste management, and restoration and construction.

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