“Property management” and “HOA management” sound similar, but they serve different clients. Here is a general look at the differences.
Who the client is
Rental property management works for an owner who rents out a home. HOA management works for an association’s board, which represents all the owners in a community.
What’s managed
A rental manager focuses on one or more rental homes and the residents who lease them. An HOA manager focuses on the association’s common areas, finances and operations.
Typical rental management services
- Marketing and showings
- Applicant screening under a consistent written policy
- Lease signing and rent collection
- Maintenance coordination
- Monthly owner statements
Lease issues are handled under the lease and Montana law, with an attorney for formal steps.
Typical HOA management services
- Dues collection and financial reports for the board
- Coordinating common-area upkeep, such as roofs, siding, paving and landscaping
- Meeting support and owner communication
- Record keeping under the governing documents
Legal questions go to the association’s attorney.
Which do you need?
If you rent out a home, see our rental property management page. If you serve on a board, read what a board can expect from an HOA manager.
Ironhorse Management has helped Montana associations since 1979. Learn more about our HOA management in Bozeman and across Montana, or request a proposal to see what a plan could look like for your community.
Please note: This article is for general informational purposes only and is not legal, financial or tax advice. Every association and situation is different. It’s wise to consult an attorney and/or CPA for legal or financial matters, and to review your governing documents and other appropriate resources before making decisions, rather than relying only on this article.