What is the responsibility of the HOA management company?
A community association manager in the state of Nevada has several responsibilities and duties. These professionals are often hired by HOAs to oversee and manage the day-to-day operations of the community.
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5 min Read
Published:
June 28, 2024
A community association manager in the state of Nevada has several responsibilities and duties. These professionals are often hired by HOAs to oversee and manage the day-to-day operations of the community. Their roles and responsibilities may include:
Financial Management:
Creating and managing the community's budget.
Collecting assessments and dues from homeowners.
Ensuring proper accounting and financial reporting.
Maintenance and Repairs:
Overseeing the maintenance and repair of common areas and amenities.
Hiring and supervising contractors and vendors for necessary work at the direction of the board.
Conducting regular property inspections to identify maintenance needs.
Enforcement of CC&Rs:
Enforcing the community's rules, regulations, and bylaws as outlined in the CC&Rs (Covenants, Conditions, and Restrictions).
Addressing violations and taking appropriate action, such as issuing fines or penalties at the direction of the board.
Communication and Record-Keeping:
Facilitating communication between homeowners and the HOA board.
Maintaining accurate records of meetings, correspondence, and financial transactions.
Policy and Rule Implementation:
Implementing and enforcing community policies and rules.
Ensuring that rules are consistent with the governing documents and local laws.
Meetings and Governance:
Organizing and attending board meetings and homeowner meetings.
Assisting with the development of meeting agendas and minutes.
Providing support and guidance to the HOA board.
Vendor and Contractor Management:
Hiring, supervising, and evaluating vendors and contractors for community services at the direction of the board.
Obtaining competitive bids and contracts for projects and services at the direction of the board.
Legal Compliance:
Ensuring compliance with local, state, and federal laws affecting HOAs as suggested by legal counsel.
Addressing legal matters on behalf of the association, such as disputes and contracts as suggested by legal counsel.
Insurance and Risk Management:
Maintaining appropriate insurance coverage for the community.
Managing risks and liabilities, including insurance claims and emergencies.
Community Improvement Projects:
Identifying and coordinating projects to enhance the community's value and functionality.
Gathering homeowner input and seeking approval for major initiatives.
Fostering a Sense of Community:
Promoting a sense of community among residents.
Organizing and facilitating community events and activities. This may be at an additional cost to the association if this is not part of the scope of the management agreement.
Ethical Conduct:
Acting in the best interests of the community as a whole.
Avoiding conflicts of interest and personal gain at the expense of the association.
Community managers must be licensed in Nevada and must adhere to the state's laws and regulations governing HOAs and common-interest communities. Additionally, they should stay informed about industry best practices and developments in community management to effectively fulfill their responsibilities. The specific duties of a community manager can vary depending on the size and complexity of the community and the terms of their employment contract with the HOA.
writer:
AAAdvisors
Allied Association Advisors LLC
20+ Years Las Vegas HOA experience