Tag Archives: meet

HOA & Community Management Software & Services

You’re a leader in your association because you care about your community. The professionals at Community Association Management  Enjoy the community pride that well maintained yards, streets, and entrance ways can generate without being the neighborhood nag.

Community Association Management has an entire suite of services from web-enabled software for the do-it-yourselfers to fully staffed and...

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HOA & Community Management Software & Services

Community Association Management works with dedicated community leaders to do the very best for their neighborhoods. We strive to continually build, manage, and enhance your community’s growth towards a bright future. With Community Association Management, create a community you’re proud to show off.

Community Association Management knows that each community is unique and special to homeowners....

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Bidding Out the Management Contract

Bidding Out the Management Contract

Helpful Hints for the Board of Directors
One of the toughest challenges a board of directors can face is the decision and process of bidding out the association’s management contract. Boards often feel they have a fiduciary obligation to bid out the management contract when, in actuality, the board may simply not realize it is already exercising appropriate fiduciary obligation by working to preserve and extend the relationship with the current management company.

The first thing the board should do in considering bidding out the management contract is to ask itself why it should go out to bid. Is there a service issue with the current managing agent? Or is it really about price? Perhaps there is just a clash of personalities with the current staff assigned to the community on behalf of the managing agent? Any of those issues should be promptly discussed with the current managing agent. From day one of establishing a relationship with your management company, the board of directors needs to be prompt and upfront with the company regarding any issues or obstacles. Just as the board expects management to be proactive and candid, the management company has the same expectation of the board. After all, you are in a partnership with your management company – the fewer the surprises the better the relationship between the two entities. So, whether price, service, or personnel are the issues, let your current managing agent know. When possible, all efforts should be made to overcome any concerns of the current managing agent and contract.

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