March 2018

"...larger, more sprawling HOAs, require more attention,

maintenance of the common property, arranging to landscape, and so on. These are some of the tasks that would be handled by the property manage- ment company, who would in turn consult with the board as outlined in their contract. The most experienced of these companies are experts in this field, having managed a portfolio of community associations of varying sizes and makeups while providing guidance on issues that they have dealt with many times. They also have the benefit of their experience work- ing with many contractors, experts in their given fields such as construction, landscapers, and so forth, with whom a board would seek to contract for their services. As an example of the critical and substantive role that the property man- ager plays for a community associa- tion, one of the crucial guiding docu- ments (aside from the Charter Bylaws and the Covenants, Conditions, and Restrictions (CC&R), is the periodic Reserve Study. experience and expertise than a voluntary board of directors would realistically be equipped to provide." © iStockphoto.com

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