Tag Archives: Law

Should Your Atlanta HOA Adopt The Georgia Property Owners Act?


Quantcast

(678) 866-1436

www,riversidepropertymgt.com

Why Your Atlanta HOA May Want to Adopt the POA.

In 1994, the Georgia Legislature adopted the Property Owners’ Association Act (“POA”). The POA provides significant advantages to homeowners associations. Here are some of the most important advantages of the POA:

1.   Automatic Statutory Liens

After submitting to the POA, an association no longer needs to file liens at the county courthouse for unpaid assessments or other charges. Instead, the POA creates an automatic statutory lien against a delinquent owner’s lot for any sums owed to the association. The POA provides that the declaration of covenants itself serves as notice that there is a lien on every lot in the community for any unpaid assessment or other charges. As a result, closing attorneys, title examiners, purchasers or owners must contact the association for a statement of any amounts owed to the association prior to concluding a sale or refinance of the lot, or risk the existence of a lien. If the association is not paid out of the proceeds of the sale or refinance, the lien continues against the lot and will generally have priority over subsequent liens and mortgages.

Another benefit of the POA’s automatic lien is that it protects the association even if the association’s records have incorrect or misspelled owner names. Recorded liens are only effective if filed under the correct owner names. If the association’s records have an owner’s name misspelled the recorded lien may be ineffective. The POA makes the lien effective, even if you have incorrect or no information about an owner.

2.   Buyers and Sellers are Jointly and Severally Liable to Pay Assessments
The POA includes another provision that helps strengthen an association’s assessment collection powers. The POA makes buyers and sellers jointly and severally liable for all unpaid assessments. This means that, if the automatic statutory lien is not paid at the closing, the association can proceed against the new owner, who will be personally liable for all amounts owed prior to the closing.
3.   Tenants are Obligated to Comply With Association Regulations
The POA also requires that both owners and tenants must comply with all the provisions of the declaration of Covenants and the association’s rules and regulations.
4.   Fines and Suspension of Privileges
The POA gives homeowners associations a statutory power to assess fines against violators and to suspend the common area use rights of violators, if allowed in the Covenants. Fines constitute a lien against the violator’s lot, and the ability to fine significantly strengthens the association’s powers to enforce the Covenants and the rules and regulations.
5.   Late Fees and Interest
Submission to the POA allows homeowners associations to charge a late fee equal to the greater of $10.00 or ten percent (10%) of the amount due, and interest at a rate of ten percent (10%) per annum on unpaid assessments and charges, if allowed by the Covenants.
6.   Recovery of Attorney’s Fees from Owners
The POA authorizes the recovery of the association’s costs of collection of the delinquent assessments, including reasonable attorney’s fees actually incurred. This provision is extremely helpful with judges who otherwise are reluctant to grant the association its attorneys fees, when it sues delinquent or violating owners.
7.   Perpetual Duration
Prior to 1993, Georgia law at Code Section 44-5-60(d)(1) generally provided that Covenants expire after twenty years. That statute was amended in 1993 to permit Covenants to automatically renew, but the Georgia courts have held that Covenants in communities that were recorded prior to 1994 do not receive the benefit of the new 1994 law. One of the most important benefits of the POA is that it has a provision that states Georgia Code Section 44-5-60(d)(1) shall not apply to any Covenants contained in any instrument submitted to the POA. That means that if a community’s Covenants were recorded prior to 1994, submission to the POA now will eliminate the possibility that the Covenants will expire after twenty years.

8.   Ease of Adoption
In most communities, Board members can quickly and easily adopt the POA by obtaining the consent of the association members by mail or by going door to door, depending upon the specific amendment provisions within a community’s governing documents.

Once in place, the POA provides clear advantages to homeowners associations seeking to maximize their collections.

Riverside Property Management is a Homeowners association management company management company proudly serving Roswell, Alpharetta, Buckhead, Marietta and all of North Georgia. Riverside is also an expert Georgia condo association management company and high rise Atlanta association management company. To find out more about Riverside Property Management and why it is one of Georgia’s fastest growing property management companies, go to www.riversidepropertymgt.com. You’ll be glad you did.

How to Overcome a Lazy Board of Directors in Your HOA


A stagnant board of directors slows down the business initiatives of an Association and may cause the Community to lag behind comparable neighborhoods. Overcoming stagnation at an HOA requires establishing more open lines of communication with board members and seeking to identify key problems. Solving those same problems may also require the removal of board members in favor of more progressive executive minds.

Present Accurate Information

An obstinate board of directors may be unreceptive to vague concepts and generalized initiatives in the absence of hard facts and current comparisons. Arming yourself with thorough research into your proposal and/or requests compels board members to connect with your idea in a way that’s relevant to the geographic area. For example, presenting a proposal for tennis court lighting could use marketing research to indicate a residents (and guests-ALTA) need for features your new lighting will serve.

Listen to the Board

Candid conversation between you as a homeowner or investor and a Homeowners’ Association board of directors may reveal issues within the board that are causing the stagnation among its members. Opening up these issues and finding workable solutions to problems can make board members more receptive to new ideas because you’re seeking to address existing concerns even while moving the Community ahead. This builds a climate of trust between you and board members and lays the groundwork for more open communication in the future.

Gain Voting Rights

When reason and a well-crafted proposal fail, reaching a stagnant board of directors may involve accumulating enough power to remove certain members in favor of new voices. Homeowners have the right to elect and remove board members because they have equal ownership of the common areas. If you have the neighborhood backing, accumulating enough interest to call a vote for the removal of board members is a matter of lobbying. The Governing Documents (Covenants and By-Laws) or articles of incorporation contain the rules detailing the exact amount of votes required to gain this power. Ousting key dissenting board members may be sufficient to convince the remaining board members to listen more closely to new initiatives.

Riverside Property Management, Inc. is a leading provider of Homeowner Association management services in the North Atlanta area.  Including, but not limited to:  all accounting procedures, vendor/contract management, covenant enforcement and management consulting services.  Call today for a free quote on management of your HOA, POA or Condo Association at 678-866-1436 or go to www.riversidepropertymgt.com.

 

Why Professional HOA Management in Marietta and Kennesaw?


Beautiful Cottage Styles

Beautiful Cottage Styles

Most HOA Homeowners’ often have the belief that management is the sole obligation of the elected Board of Directors. While self-management is ideal for the early start of your neighborhood, they can become inadequate with sufficient maintenance responsibilities, tax issues, or other avoidable problems after the Association matures. HOA Management organizations can enter at this stage and provide the necessary help to preserve and even improve the neighborhood. The cost of HOA management companies are much less than the consequences of mismanagement caused by limited time or lack of knowledge of governing body.  Self-management was an idea originally developed by developers who had the belief that the  volunteers can manage all jobs at no additional cost. Volunteers today have much more work today.

HOA management requires considerable knowledge of the various areas such as conflict resolution, cost management, legal, dues collection, maintenance and most importantly, a running knowledge of the Covenants and By-Laws. Volunteers are not continuously trained  in each subject and very often do not have the time needed to learn each facet. Specialists can take care of daily duties, assist in the fiscal planning and reporting, manage vendor quality, and enforce Covenants. Association Management service can ensure that all requirements are met to maintain the  value of each home.
Long-term planning, service experience, and familiarity are very important to home value.

Board Members eventually discover they have bitten off more than you can chew. Monitoring without professional guidance is difficult and often causes problems between homeowners in the community.

HOA management companies help with a couple of crucial elements of the district administration: finance and operations. Collection of fees or how the funds are spent can cause conflicts between neighbors.  Every encounter from the self-managed Board ends up with some kind of confrontation. Boards currently experiencing problems like these can get rid of them by giving these daily tasks to professionals. Research your companies carefully.  A board should not only assess the price of these solutions, but the quality of services offered.

Call (678) 866-1436 for more information!  www.riversidepropertymgt.com

Riverside Property Management in Kennesaw works with homeowner and condo associations providing a variety of management, code enforcement, consulting and educational services, reserve studies, budgeting assistance and maintenance planning expertise.

Why Professional HOA Management in Marietta and Kennesaw?


Most HOA Homeowners’ often have the belief that management is the sole obligation of the elected Board of Directors. While self-management is ideal for the early start of your neighborhood, they can become inadequate with sufficient maintenance responsibilities, tax issues, or other avoidable problems after the Association matures. HOA Management organizations can enter at this stage and provide the necessary help to preserve and even improve the neighborhood. The cost of HOA management companies are much less than the consequences of mismanagement caused by limited time or lack of knowledge of governing body.  Self-management was an idea originally developed by developers who had the belief that the  volunteers can manage all jobs at no additional cost. Volunteers today have much more work today.

HOA management requires considerable knowledge of the various areas such as conflict resolution, cost management, legal, dues collection, maintenance and most importantly, a running knowledge of the Covenants and By-Laws. Volunteers are not continuously trained  in each subject and very often do not have the time needed to learn each facet. Specialists can take care of daily duties, assist in the fiscal planning and reporting, manage vendor quality, and enforce Covenants. Association Management service can ensure that all requirements are met to maintain the  value of each home.
Long-term planning, service experience, and familiarity are very important to home value.

Board Members eventually discover they have bitten off more than you can chew. Monitoring without professional guidance is difficult and often causes problems between homeowners in the community.

HOA management companies help with a couple of crucial elements of the district administration: finance and operations. Collection of fees or how the funds are spent can cause conflicts between neighbors.  Every encounter from the self-managed Board ends up with some kind of confrontation. Boards currently experiencing problems like these can get rid of them by giving these daily tasks to professionals. Research your companies carefully.  A board should not only assess the price of these solutions, but the quality of services offered.

Call (678) 866-1436 for more information!  www.riversidepropertymgt.com

Riverside Property Management in Kennesaw works with homeowner and condo associations providing a variety of management, code enforcement, consulting and educational services, reserve studies, budgeting assistance and maintenance planning expertise.

Should Your Marietta HOA Adopt The Georgia Property Owners Act?


Quantcast

(678) 866-1436

www,riversidepropertymgt.com

Why Your Atlanta HOA May Want to Adopt the POA.

In 1994, the Georgia Legislature adopted the Property Owners’ Association Act (“POA”). The POA provides significant advantages to homeowners associations. Here are some of the most important advantages of the POA:

1.   Automatic Statutory Liens

After submitting to the POA, an association no longer needs to file liens at the county courthouse for unpaid assessments or other charges. Instead, the POA creates an automatic statutory lien against a delinquent owner’s lot for any sums owed to the association. The POA provides that the declaration of covenants itself serves as notice that there is a lien on every lot in the community for any unpaid assessment or other charges. As a result, closing attorneys, title examiners, purchasers or owners must contact the association for a statement of any amounts owed to the association prior to concluding a sale or refinance of the lot, or risk the existence of a lien. If the association is not paid out of the proceeds of the sale or refinance, the lien continues against the lot and will generally have priority over subsequent liens and mortgages.

Another benefit of the POA’s automatic lien is that it protects the association even if the association’s records have incorrect or misspelled owner names. Recorded liens are only effective if filed under the correct owner names. If the association’s records have an owner’s name misspelled the recorded lien may be ineffective. The POA makes the lien effective, even if you have incorrect or no information about an owner.

2.   Buyers and Sellers are Jointly and Severally Liable to Pay Assessments
The POA includes another provision that helps strengthen an association’s assessment collection powers. The POA makes buyers and sellers jointly and severally liable for all unpaid assessments. This means that, if the automatic statutory lien is not paid at the closing, the association can proceed against the new owner, who will be personally liable for all amounts owed prior to the closing.
3.   Tenants are Obligated to Comply With Association Regulations
The POA also requires that both owners and tenants must comply with all the provisions of the declaration of Covenants and the association’s rules and regulations.
4.   Fines and Suspension of Privileges
The POA gives homeowners associations a statutory power to assess fines against violators and to suspend the common area use rights of violators, if allowed in the Covenants. Fines constitute a lien against the violator’s lot, and the ability to fine significantly strengthens the association’s powers to enforce the Covenants and the rules and regulations.
5.   Late Fees and Interest
Submission to the POA allows homeowners associations to charge a late fee equal to the greater of $10.00 or ten percent (10%) of the amount due, and interest at a rate of ten percent (10%) per annum on unpaid assessments and charges, if allowed by the Covenants.
6.   Recovery of Attorney’s Fees from Owners
The POA authorizes the recovery of the association’s costs of collection of the delinquent assessments, including reasonable attorney’s fees actually incurred. This provision is extremely helpful with judges who otherwise are reluctant to grant the association its attorneys fees, when it sues delinquent or violating owners.
7.   Perpetual Duration
Prior to 1993, Georgia law at Code Section 44-5-60(d)(1) generally provided that Covenants expire after twenty years. That statute was amended in 1993 to permit Covenants to automatically renew, but the Georgia courts have held that Covenants in communities that were recorded prior to 1994 do not receive the benefit of the new 1994 law. One of the most important benefits of the POA is that it has a provision that states Georgia Code Section 44-5-60(d)(1) shall not apply to any Covenants contained in any instrument submitted to the POA. That means that if a community’s Covenants were recorded prior to 1994, submission to the POA now will eliminate the possibility that the Covenants will expire after twenty years.

8.   Ease of Adoption
In most communities, Board members can quickly and easily adopt the POA by obtaining the consent of the association members by mail or by going door to door, depending upon the specific amendment provisions within a community’s governing documents.

Once in place, the POA provides clear advantages to homeowners associations seeking to maximize their collections.

Riverside Property Management is a Homeowners association management company management company proudly serving Roswell, Alpharetta, Buckhead, Marietta and all of North Georgia. Riverside is also an expert Georgia condo association management company and high rise Atlanta association management company. To find out more about Riverside Property Management and why it is one of Georgia’s fastest growing property management companies, go to www.riversidepropertymgt.com. You’ll be glad you did.

Creating A Board for Your HOA or Condominium Association in Cobb County


WHO SHOULD BE ON THE BOARD?
The board should be composed of a diverse group of individuals who are interested in working toward the organization’s mission and have the particular skills that will help to contribute to a well-run organization. For instance, you may want to seek out people with financial, marketing, or legal backgrounds. You may want to consider bringing on someone with an entrepreneurial
background, or someone who is proficient with emerging technologies. You may
also want to recruit members who have influence in the community, work at similar types of organizations, or are representative of the community you are serving. Having this collective knowledge from the beginning will help you make informed decisions. You will also find that as your organization matures, your board composition needs may be very different from those of your founding board. The role of the board tends to change over time as the organization
develops and matures. Early in an organization’s life, the primary need for the board may be individuals who are prepared to give a great deal of time and energy. Later, you may find that as paid staff are brought on, the board focuses primarily on the governance functions of the organization and is less involved with the smaller details of bringing the organization up to speed.
HOW BIG SHOULD THE BOARD BE?
Boards can vary in size from three to more than 50 members.  Each state has regulations that determine the minimum size of the board, but the optimum number of people who sit on the board should be determined by the needs of the organization. Assess the list of tasks that the board needs to accomplish and plan your board around the jobs that need to be done. There should be enough meaningful tasks for the board to accomplish without leaving board
members feeling overburdened or uninvolved.
HOW OFTEN SHOULD THE BOARD MEET?
As with the size of your board, the number of board meetings each year should be determined by the work that needs to be accomplished. For logistical and practical reasons, larger boards often meet less frequently, leaving much of the work to the board’s committees.
Regular attendance at board meetings is one of the individual responsibilities of board members. Your organization’s bylaws should include an attendance policy that clearly states the number of meetings that can be missed by an individual board member before he or she is asked to leave the board. Develop an annual schedule of meetings determined a year in advance. Circulate clear and thorough information materials, including an agenda, to all members
two to three weeks before each meeting. Maintain complete and accurate minutes of all meetings, and keep meetings brief and well focused. An organization’s bylaws should also state the number of board members required to constitute a quorum. Without a quorum, the board is unable to conduct its official business.
WHAT KIND OF TERM LIMITS SHOULD BOARD MEMBERS SERVE?
There are no hard-and-fast rules for determining board members’ tenure. Many organizations do, however, limit members to two consecutive terms and require a hiatus of one year before a board member may be reappointed. Many organizations also stagger terms of service so that one-half or one-third of board members are elected every one or two years for terms of two to six years. Such policies encourage institutional renewal because a board can profit from the experience of veteran board members while welcoming the fresh perspective that new members offer. Board members on hiatus can remain active in committee service or serve in an advisory capacity. Term limits are a painless mechanism for rotating inactive or ineffective members off the board. These policies should be written into the organization’s bylaws.

Call (678) 866-1436 for more information!  www.riversidepropertymgt.com

Riverside Property Management in Kennesaw works with homeowner and condo associations providing a variety of management, code enforcement, consulting and educational services, reserve studies, budgeting assistance and maintenance planning expertise.

Should Your Atlanta HOA Adopt The Georgia Property Owners Act?


Quantcast

(678) 866-1436

www,riversidepropertymgt.com

Why Your Atlanta HOA May Want to Adopt the POA.

In 1994, the Georgia Legislature adopted the Property Owners’ Association Act (“POA”). The POA provides significant advantages to homeowners associations. Here are some of the most important advantages of the POA:

1.   Automatic Statutory Liens

After submitting to the POA, an association no longer needs to file liens at the county courthouse for unpaid assessments or other charges. Instead, the POA creates an automatic statutory lien against a delinquent owner’s lot for any sums owed to the association. The POA provides that the declaration of covenants itself serves as notice that there is a lien on every lot in the community for any unpaid assessment or other charges. As a result, closing attorneys, title examiners, purchasers or owners must contact the association for a statement of any amounts owed to the association prior to concluding a sale or refinance of the lot, or risk the existence of a lien. If the association is not paid out of the proceeds of the sale or refinance, the lien continues against the lot and will generally have priority over subsequent liens and mortgages.

Another benefit of the POA’s automatic lien is that it protects the association even if the association’s records have incorrect or misspelled owner names. Recorded liens are only effective if filed under the correct owner names. If the association’s records have an owner’s name misspelled the recorded lien may be ineffective. The POA makes the lien effective, even if you have incorrect or no information about an owner.

2.   Buyers and Sellers are Jointly and Severally Liable to Pay Assessments
The POA includes another provision that helps strengthen an association’s assessment collection powers. The POA makes buyers and sellers jointly and severally liable for all unpaid assessments. This means that, if the automatic statutory lien is not paid at the closing, the association can proceed against the new owner, who will be personally liable for all amounts owed prior to the closing.
3.   Tenants are Obligated to Comply With Association Regulations
The POA also requires that both owners and tenants must comply with all the provisions of the declaration of Covenants and the association’s rules and regulations.
4.   Fines and Suspension of Privileges
The POA gives homeowners associations a statutory power to assess fines against violators and to suspend the common area use rights of violators, if allowed in the Covenants. Fines constitute a lien against the violator’s lot, and the ability to fine significantly strengthens the association’s powers to enforce the Covenants and the rules and regulations.
5.   Late Fees and Interest
Submission to the POA allows homeowners associations to charge a late fee equal to the greater of $10.00 or ten percent (10%) of the amount due, and interest at a rate of ten percent (10%) per annum on unpaid assessments and charges, if allowed by the Covenants.
6.   Recovery of Attorney’s Fees from Owners
The POA authorizes the recovery of the association’s costs of collection of the delinquent assessments, including reasonable attorney’s fees actually incurred. This provision is extremely helpful with judges who otherwise are reluctant to grant the association its attorneys fees, when it sues delinquent or violating owners.
7.   Perpetual Duration
Prior to 1993, Georgia law at Code Section 44-5-60(d)(1) generally provided that Covenants expire after twenty years. That statute was amended in 1993 to permit Covenants to automatically renew, but the Georgia courts have held that Covenants in communities that were recorded prior to 1994 do not receive the benefit of the new 1994 law. One of the most important benefits of the POA is that it has a provision that states Georgia Code Section 44-5-60(d)(1) shall not apply to any Covenants contained in any instrument submitted to the POA. That means that if a community’s Covenants were recorded prior to 1994, submission to the POA now will eliminate the possibility that the Covenants will expire after twenty years.

8.   Ease of Adoption
In most communities, Board members can quickly and easily adopt the POA by obtaining the consent of the association members by mail or by going door to door, depending upon the specific amendment provisions within a community’s governing documents.

Once in place, the POA provides clear advantages to homeowners associations seeking to maximize their collections.

Riverside Property Management is a Homeowners association management company management company proudly serving Roswell, Alpharetta, Buckhead, Marietta and all of North Georgia. Riverside is also an expert Georgia condo association management company and high rise Atlanta association management company. To find out more about Riverside Property Management and why it is one of Georgia’s fastest growing property management companies, go to www.riversidepropertymgt.com. You’ll be glad you did.

 

How to Overcome a Stagnant Board of Directors in Your Homeowners Association


A stagnant board of directors slows down the business initiatives of an Association and may cause the Community to lag behind comparable neighborhoods. Overcoming stagnation at an HOA requires establishing more open lines of communication with board members and seeking to identify key problems. Solving those same problems may also require the removal of board members in favor of more progressive executive minds.

Present Accurate Information

An obstinate board of directors may be unreceptive to vague concepts and generalized initiatives in the absence of hard facts and current comparisons. Arming yourself with thorough research into your proposal and/or requests compels board members to connect with your idea in a way that’s relevant to the geographic area. For example, presenting a proposal for tennis court lighting could use marketing research to indicate a residents (and guests-ALTA) need for features your new lighting will serve.

Listen to the Board

Candid conversation between you as a homeowner or investor and a Homeowners’ Association board of directors may reveal issues within the board that are causing the stagnation among its members. Opening up these issues and finding workable solutions to problems can make board members more receptive to new ideas because you’re seeking to address existing concerns even while moving the Community ahead. This builds a climate of trust between you and board members and lays the groundwork for more open communication in the future.

Gain Voting Rights

When reason and a well-crafted proposal fail, reaching a stagnant board of directors may involve accumulating enough power to remove certain members in favor of new voices. Homeowners have the right to elect and remove board members because they have equal ownership of the common areas. If you have the neighborhood backing, accumulating enough interest to call a vote for the removal of board members is a matter of lobbying. The Governing Documents (Covenants and By-Laws) or articles of incorporation contain the rules detailing the exact amount of votes required to gain this power. Ousting key dissenting board members may be sufficient to convince the remaining board members to listen more closely to new initiatives.

Riverside Property Management, Inc. is a leading provider of Homeowner Association management services in the North Atlanta area.  Including, but not limited to:  all accounting procedures, vendor/contract management, covenant enforcement and management consulting services.  Call today for a free quote on management of your HOA, POA or Condo Association at 678-866-1436 or go to www.riversidepropertymgt.com.

 

Creating A Board for Your HOA or Condominium Association in Georgia


WHO SHOULD BE ON THE BOARD?
The board should be composed of a diverse group of individuals who are interested in working toward the organization’s mission and have the particular skills that will help to contribute to a well-run organization. For instance, you may want to seek out people with financial, marketing, or legal backgrounds. You may want to consider bringing on someone with an entrepreneurial
background, or someone who is proficient with emerging technologies. You may
also want to recruit members who have influence in the community, work at similar types of organizations, or are representative of the community you are serving. Having this collective knowledge from the beginning will help you make informed decisions. You will also find that as your organization matures, your board composition needs may be very different from those of your founding board. The role of the board tends to change over time as the organization
develops and matures. Early in an organization’s life, the primary need for the board may be individuals who are prepared to give a great deal of time and energy. Later, you may find that as paid staff are brought on, the board focuses primarily on the governance functions of the organization and is less involved with the smaller details of bringing the organization up to speed.
HOW BIG SHOULD THE BOARD BE?
Boards can vary in size from three to more than 50 members.  Each state has regulations that determine the minimum size of the board, but the optimum number of people who sit on the board should be determined by the needs of the organization. Assess the list of tasks that the board needs to accomplish and plan your board around the jobs that need to be done. There should be enough meaningful tasks for the board to accomplish without leaving board
members feeling overburdened or uninvolved.
HOW OFTEN SHOULD THE BOARD MEET?
As with the size of your board, the number of board meetings each year should be determined by the work that needs to be accomplished. For logistical and practical reasons, larger boards often meet less frequently, leaving much of the work to the board’s committees.
Regular attendance at board meetings is one of the individual responsibilities of board members. Your organization’s bylaws should include an attendance policy that clearly states the number of meetings that can be missed by an individual board member before he or she is asked to leave the board. Develop an annual schedule of meetings determined a year in advance. Circulate clear and thorough information materials, including an agenda, to all members
two to three weeks before each meeting. Maintain complete and accurate minutes of all meetings, and keep meetings brief and well focused. An organization’s bylaws should also state the number of board members required to constitute a quorum. Without a quorum, the board is unable to conduct its official business.
WHAT KIND OF TERM LIMITS SHOULD BOARD MEMBERS SERVE?
There are no hard-and-fast rules for determining board members’ tenure. Many organizations do, however, limit members to two consecutive terms and require a hiatus of one year before a board member may be reappointed. Many organizations also stagger terms of service so that one-half or one-third of board members are elected every one or two years for terms of two to six years. Such policies encourage institutional renewal because a board can profit from the experience of veteran board members while welcoming the fresh perspective that new members offer. Board members on hiatus can remain active in committee service or serve in an advisory capacity. Term limits are a painless mechanism for rotating inactive or ineffective members off the board. These policies should be written into the organization’s bylaws.

Call (678) 866-1436 for more information!  www.riversidepropertymgt.com

Riverside Property Management in Kennesaw works with homeowner and condo associations providing a variety of management, code enforcement, consulting and educational services, reserve studies, budgeting assistance and maintenance planning expertise.

Why Professional HOA Management in Atlanta?


 

Most HOA Homeowners’ often have the belief that management is the sole obligation of the elected Board of Directors. While self-management is ideal for the early start of your neighborhood, they can become inadequate with sufficient maintenance responsibilities, tax issues, or other avoidable problems after the Association matures. HOA Management organizations can enter at this stage and provide the necessary help to preserve and even improve the neighborhood. The cost of HOA management companies are much less than the consequences of mismanagement caused by limited time or lack of knowledge of governing body.  Self-management was an idea originally developed by developers who had the belief that the  volunteers can manage all jobs at no additional cost. Volunteers today have much more work today.

HOA management requires considerable knowledge of the various areas such as conflict resolution, cost management, legal, dues collection, maintenance and most importantly, a running knowledge of the Covenants and By-Laws. Volunteers are not continuously trained  in each subject and very often do not have the time needed to learn each facet. Specialists can take care of daily duties, assist in the fiscal planning and reporting, manage vendor quality, and enforce Covenants. Association Management service can ensure that all requirements are met to maintain the  value of each home.
Long-term planning, service experience, and familiarity are very important to home value.

Board Members eventually discover they have bitten off more than you can chew. Monitoring without professional guidance is difficult and often causes problems between homeowners in the community.

HOA management companies help with a couple of crucial elements of the district administration: finance and operations. Collection of fees or how the funds are spent can cause conflicts between neighbors.  Every encounter from the self-managed Board ends up with some kind of confrontation. Boards currently experiencing problems like these can get rid of them by giving these daily tasks to professionals. Research your companies carefully.  A board should not only assess the price of these solutions, but the quality of services offered.

Call (678) 866-1436 for more information!  www.riversidepropertymgt.com

Riverside Property Management in Kennesaw works with homeowner and condo associations providing a variety of management, code enforcement, consulting and educational services, reserve studies, budgeting assistance and maintenance planning expertise.