Do Property Management Companies Set HOA Policies?

Living in a homeowners Association, which is governed by a board of directors can offer many benefits. Suppose your property is a condo that has a HOA set-up with a property management group. In that case, the board of directors come from the community as they would be dedicated to the community’s wellbeing. The HOA will be responsible for the community operations, common areas, and creation of community rules and the property management oversees them.

Most HOAs will hire a professional property manager who will handle the daily operations in a community. The property managers can perform ongoing maintenance duties and communicate with the residents, and they execute the Board decisions, ensuring all homeowners comply with the set rules and statutes.

It is common for many homeowners to confuse the roles and responsibilities of their HOA Board and that of the property management company that was  hired, especially when it comes to community rule enforcement. In spite of  what many homeowners think, the property management company really does not set your HOAs policies or rules pertaining to your community, nor does it determine the penalties for non-compliance. Rather, the management company’s responsibility is to enforce the community policies and regulations made by your Board of Directors on behalf of your HOA.

Your HOA will overlook the maintenance within the facility and regulate the use of the public amenities. They will ensure the owners do as expected and use the public property respectfully. Moreover, they will oversee the maintenance and assist with a financial plan to repair and run the communal facilities within the community. Owners will also will communicate with the HOA about any repairs needed in their residence leading to proper care. Proper care of the property will increase its value and the owners sale price.

Finally, the HOA partners with the property management company to optimize property value, leading to a harmonious living environment within the community. This is why most HOAs hire a Property Management team to ensure that your community runs smoothly.