Many HOA boards are made up of busy volunteers. Some choose to hire a management company to help with day-to-day work. Here are five general ways professional management can support a board, depending on what the board needs.
1. Experience with common tasks
A manager who works with several associations is often familiar with budgeting, meetings, vendor bids and record keeping. Ironhorse has worked with Montana associations since 1979.
2. Financial administration
Managers can help with dues collection, paying approved invoices and preparing regular reports for the board. Audits and tax filings are typically handled with the association’s CPA.
3. Seasonal upkeep
A manager can coordinate seasonal upkeep, based on board needs, such as snow removal, landscaping and spring cleanup, and help plan larger projects like reroofing, siding, paving and painting.
4. Owner communication
Meeting notices, minutes and regular updates give owners a clear picture of what the board is doing.
5. Continuity
When board members change, a manager can help keep records and processes consistent.
Learn more
For more on how the work is usually divided, 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.