Who will prepare the budgets and monthly financial reports, or sign off on resale documents for prospective buyers? Who will act as monthly-fee debt collector? Who will keep the associations files and ensure they are up-to-date and accessible? Who knows what the appropriate insurance coverage is for the association and how new state laws will affect the covenants governing the community?
There are numerous aspects to running an association that require much attention. It can be a full time job keeping up with all of the tasks required of the board. An experienced management company can take care of these tasks providing the board with valuable time to attend to community matters.