Quote:
Posted By DonaldN on 05/24/2012 8:08 AM
...what are some of the reasons your community favors resident owner Board members ?
We are a self-managed community and board members serve as the "Management Company." In that role, board members must monitor activity and compliance in the neighborhood, and an absentee landlord can't do that without going out of their way to travel to the subdivision, if they are even close enough to stop by at all.
Our board must handle day-to-day tasks such as counter-signing checks, meeting with contractors, depositing checks at the bank, checking the association P.O. box, etc. Absentee landlords are not around to do any of these things, and it's not fair to dump this work on the board members who live in the community.
Board meetings accomplish more and are less prone to dissension when we all meet face-to-face. Absentee landlords calling in on a speaker phone are much less effective.
The local police will not take action for unauthorized persons using our facilities without a board member present when they arrive. An absentee landlord can't be present to help out.
Enforcing covenant restrictions and collecting dues is made much easier if there is a friendly relationship between the board members and the homeowners. We sponsor parties and other social events to foster a sense of community, and an absentee landlord isn't usually around to participate.
In general, absentee landlords are not as interested in making sure things are working in the community. If the neighborhood watch is floundering, or the restriction on noxious activity isn't being enforced, an absentee landlord is less likely to be concerned, dumping all this on the other board members (although there are exceptions).
Absentee landlords usually have a single-issue focus on property values (things that affect potential buyers) and are concerned less about quality-of-life issues (that affect current residents). Certainly every homeowners wants to maintain high property values, but the HOA and the board ought to have interests beyond only that.