HOA management companies are sometimes misunderstood. Here are eight common misconceptions, with a general look at how things usually work. Every agreement is different, so review yours.
1. “The manager runs the association.”
The board makes decisions; the manager helps carry them out under the management agreement and governing documents.
2. “Only large communities use managers.”
Associations of many sizes hire managers, depending on their needs and volunteers.
3. “Hiring a manager means losing control.”
Boards typically keep authority over budgets, rules and major decisions.
4. “Managers make the rules.”
Rules come from the governing documents and board action. Managers may help communicate and apply them.
5. “Managers handle legal questions.”
Legal questions belong with the association’s attorney. A manager can help coordinate.
6. “Every manager offers the same services.”
Scope varies. Our list of questions to ask before hiring an HOA manager can help you compare.
7. “Switching managers is too disruptive.”
A planned transition can go more smoothly. See how to switch HOA management companies.
8. “Owners rarely hear from a manager.”
Many managers help with newsletters, notices and owner questions. Ironhorse aims to keep communication clear and simple.
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.