Las Vegas HOA Management: Why Your Association Needs Professional Management
There’s a lot more to managing a community association than you may realize. Managing a Las Vegas homeowners association is more than just community management, it’s about compliance with state laws, your governing documents, licensing requirements, enforcing rules, conducting elections and so much more.
Having a professional management company for your HOA takes the pressure off of you as a board.
Your home-ownership interest in the community and its common elements is possibly your largest asset. However, being a board member is a huge responsibility all by itself, let alone trying to manage all aspects of your community without the assistance of a professional management company and a knowledgeable, trained community association manager (CAM). What about the cost of hiring a professional management company? We understand that financial hardship may be a big hurdle that keeps you from taking the next step towards professional management, especially given the current economy and possible high number of delinquent homeowner accounts but consider all that a professional management company and CAM can do for you and your association.
- Professional managers must go through continuing education courses in order to be a licensed manager in the state of Nevada, which includes Nevada laws that govern your Las Vegas HOA (NRS 116).
- A professional management company typically have a number of staff members to assist with the day-to-day operations of the association that must have a working knowledge of finances, accounting, budgets, taxes and insurance requirements to name a few.
- Your community manager and management company would have strong personnel management and communication skills which could aid the board in hiring and supervising contractors and staff for your community. Communication with the residents on the part of your community manager is also a major relief for a board.
- Community managers are trained and have a keen understanding of proper preventative a regular/ongoing maintenance of a homeowners association such as landscape repairs and replacements, upkeep of the facilities and regular mechanical maintenance.
- Most importantly, a professional community manager and management company are in place to coach and assist the board in many ways. They help conduct inspections, prepare for and conduct meetings and ensure compliance with the associations governing documents to name a few.
If you have any questions about specific coverages to meet your needs, we strongly recommend that you contact your insurance provider for additional information and clarification.
If you have any questions, please feel free to contact a member of the Shelter Management Group (SMG) team, we would be happy to help. Contact us at 702.818.4780. Article Authored by: Jamie Collins, Supervising CAM, CMCA, AMS co-owner, Shelter Management Group (SMG)