How does self management work?

Self management of your HOA is big responsibility and you need to consider a few points before you decide to go this route. Typically, a community may choose to self manage their HOA in order to reduce expenses. Management fees can be a considerable part of the HOA's budget and for good reason. We have parted ways with communities over the years that chose to go with self management. These have been either small communities of 30 homes or less or communities with very involved residents with available time to commit toward the necessary workload. If you do decide to self manage your HOA be advised of the following:

* If your community is gated someone will need to assume the responsibility of programming entry codes and remote controls and communicating with gate repair techs. Trust me, this can be time consuming work.

* When homes are listed for sale you will need to communicate with title companies, banks and listing agents. Each one of these entities will require different information that is necessary to complete their desired transaction.

* Invoicing for and collecting dues can be labor intensive work so be prepared.

* Thorough recording keeping is a must.

* Communication with vendors must be consistant.