Maui HOA Management
What can a professional Home Owner's association management company do for an association? In short, everything! A full service HOA management firm can and should take the weight of the world off the shoulders of the board. The one major thing that management companies don't do is make decisions on the board's behalf; apart from that, everything is possible.
Quam Properties understands the tremendous burden that comes with Maui HOA management, which is why we provide top quality service at affordable prices. In addition to our Maui HOA management, we also offer Maui long term rental properties and many other property related services.
Here are just a few things that can be expected from a professional homeowner's association management group:
- Keeping up with reporting and all fiduciary responsibilities
- Creating and maintaining a balanced budget
- Managing reserve funds
- Organizing monthly meetings
- Launching and maintaining websites
- Generating and sending appropriate letters
- Handling disputes and complaints from home owners
- Upkeep of subdivision amenities
- Assessing outside contractors and managing the projects
- Constant inspection of property, units and parking lot
- Available 24 hours a day/7 days a week for any emergencies
- Forming bylaws and model codes of conduct
- Going to court for major disputes
- Keeping up to date with state law
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For new homeowners associations, management firms can build the organization the right way from the ground up. Professionals handle tasks such as launching and maintaining required websites and logs, setting up good bookkeeping systems, creating balanced budgets, and forming bylaws and model codes of conduct. Getting these systems in place from the very beginning creates synergy in the community.
Existing HOAs usually get an overhaul of all the services mentioned above, along with a good dose of restructuring the systems already in place to become more efficient.
A good homeowners association management program can save board members hours of time and tons of capital. HOA community management companies know the laws governing HOAs for their specific state. These laws vary state to state, so it's important to make sure the management firm is familiar with local guidelines. Most management companies will have their own systems that can be adapted to each homeowners association, and these systems are designed to make the community organization as successful as possible.
Shifting the responsibility of management duties over to the hands of a professional firm is a fairly seamless process. Most homeowner's association managers will start by acquiring all legal documents for review, and making necessary changes. New bank accounts will often be opened. Bookkeeping and collection systems will be implemented. The best firms even send out a letter to all homeowners introducing the company and making themselves available to handle all questions and concerns regarding the HOA.
Quam Properties Hawaii looks forward to being of service!
Feel free to contact us at #808-665-1315 orContact Us