According to the Public Policy Institute of California, about 56% of Californians own their home. With so many homeowners and HOAs around, it's crucial to understand how you can build the best quality of life for your community
One ideal way to do so is with a community association manager (CAM). These managers, often called CAMs, are experts in enhancing an HOA community by focusing on community building, development, and well-being.
If you're curious about what a community association manager could add to your community, we're here to help. Read on for a brief overview of how your LA community can benefit.
- Leading Community Development
- Aiding with administrative support
- Helping with community organization
- Helping to keep budgets tracked and leveled
Leading Community Development
One of the main things that a CAM will do for you is to help lead community development. An HOA community has dozens of things on their plate in any given month, but few things are more overwhelming than development.
Development is the act of adding to your community through shared amenities. These include things such as:
- Parks
- Pools
- Recreational outdoor areas
- Indoor exercise facilities
A community association manager understands what improvements you can make and where. That way, the HOA is free to focus on other issues.
Assisting with Administrative Support
Speaking of other issues, how tiresome is the paperwork? Your HOA will work much more efficiently with administrative support.
Administrative services are things like managing procurements, handling recordkeeping, and focusing on vendor paperwork. These services often also include creating presentations like flyers, handouts, and more.
Board Meeting Assistance
Along with administration, your CAM will help with your board meetings. Such assistance depends on what you need, but you shouldn't hesitate to call on them.
Your CAM may provide important reports and materials and keep track of discussions through meeting minutes. They'll help collect data and condense what issues your community is facing
Budgetary Assistance
Budgeting is one of the toughest problems for the average HOA. If your community doesn't have a financing or budgeting expert, who handles the budget?
In most situations, the community association manager will handle the budget. These managers help the board with the following:
- Budget preparation
- Working with attorneys and tax preparation
- Preparing financial reports
- Managing contracts with vendors and service providers
Another duty they may have is helping to select a CPA. Their role will vary depending on what the budget on hand may allow for.
If you're struggling to keep the books where they need to be, then having the budgetary assistance of a CAM is crucial. Think of what your community needs (and can support) before reaching out.
Finding a Community Association Manager
Your community association manager is an indispensable asset to your community. Speak with them about whether your HOA community needs more budgetary assistance, organization aid, and more. That way, you can improve the quality of life of your HOA while focusing on community building.
At PMI LA Pacific, we provide professional community and association management. Our team has operated for over 20 years to provide LA with the best services in the state. Contact us to see how we can help you today.
