HOA management and volunteers take time out of their hectic schedules to ensure their communities are well-run and taken care of. From trash removal and payment collection to coordinating landscaping and repair schedules, there is no shortage of tasks for these individuals. However, it takes a lot of practice to perfect this job, which is why we have developed a list of tips that will guarantee your success as an HOA manager. In addition, remember that a customized and comprehensive LA HOA Insurance Program is your first line of defense in the event of any claims of negligence, damage, crime, or wrongdoing.
Preventing problems before they occur.
Spotting dilemmas and dangers before they happen saves time and money. Therefore, HOA members should inspect the grounds, the interior, and exterior structures regularly. Inspect that the pool and lawns are maintained, even if you hire a third party to do so. Parking spots should be kept clean and clearly marked year-round, as well.
Note any peeling paint, lose shudders, broken fences, etc. when you scope out the exterior grounds. This includes cables, electrical lines, and satellite dishes, so take your time when doing a walk-through.
The inspection of the interior structure starts from the ground and works its way upward. HOA management must check the lowest level of the foundation for any indication of leaking or cracking. Boilers, water, and gas heaters must also be inspected. Doors, windows, and light fixtures must be checked throughout the building. Additionally, toilets and sinks should be inspected for leakage, states Heritage Property.
The board and HOA management should be in cahoots with each other and communicate regularly. Working together to discuss maintenance, issues, and new projects are key to keeping the complex running smoothly.
Experts recommend partnering with an experienced and specialized HOA management company. One of the most significant responsibilities of HOA management is clarification of homeowner association laws, and deciding various policy issues. When a certain situation arises, it is always helpful to consult with an attorney. The strong relationship that has been formed essentially means that the law firm will make every effort to supply outstanding service, states the article.
About Scot Litman Insurance Agency
At Scott Litman Insurance Agency, we are dedicated to protecting HOA’s like yours. We have a unique understanding of the industry and the common risk exposures that you face in your daily operations. In fact, we find that 90% of the policies we review are missing coverages that violate the Covenants, Conditions, and Restrictions (CC&R), exposing the board, HOA and management to lawsuits– which is why our comprehensive policies are tailored to meet your specific needs at competitive prices. For more information about our products, contact our experts today at (855) 999-4505, or fill out our online form.