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Posted By ToddR4 on 10/03/2017 2:33 PM
First, a community of 1,700 units should not be self managed.
I think that depends on the amenities that need to be done.
Hiring a bookkeeper or part time help when needed can still keep costs low.
However, I do agree that that is a large enough Association that a simple board of x will need help with the day to day tasks.
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Posted By ToddR4 on 10/03/2017 2:33 PM
[the GM]He is a puppet of the board, not a true manager of a residential community.
Keep in mind that a Management Company (MC) will also appoint a property manager (PM) who works at the direction of the Board. (as the Board makes the decisions for the Association)
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Posted By ToddR4 on 10/03/2017 2:33 PM
Of course he [GM] is paid and licensed as a CAM too.
Well, there is one avenue for you.
If you are properly requesting (written, certified mail) for access to governing documents, financials and reports and are being refused. Take that proof and make a complaint to the licensing board.
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Posted By ToddR4 on 10/03/2017 2:33 PM
My point is a hired professional management company would eliminate internal politics as the board would set policy and procedure, then let the management company handle the day to day operations.
Guess who handles the day to day operations? A handful of board members.
Your insight is super. Thank you.
Quote:
Posted By ToddR4 on 10/03/2017 2:33 PM
My point is a hired professional management company would eliminate internal politics
I doubt that internal politics would be eliminated.
Some areas may be escalated (because they have more time) and some areas may be decreased but politics will remain.
Quote:
Posted By ToddR4 on 10/03/2017 2:33 PM
Guess who handles the day to day operations? A handful of board members.
Lets define day to day operations:
Collecting assessments, documenting in ledger and making deposits.
Collecting the bills and issuing checks.
Reconciling bank statements.
Take minutes of meetings.
Maintain records (filing).
Provide access to records for members who request (we place ours on a website)
Pay taxes as required
Oversee contracts (doesn't take long - just verifying work contracted for is accomplished).
ADHOC operations:
Solicit bids for contracts
Solicit bids for insurance
deal with problems (trees, etc.)
Enforcement issues
perform and update reserve study
Additional items depending on amenities:
Pools maintenance
clubhouse maintenance
dock maintenance
storm water management
etc.
Maintain