COMMUNITY High Tech or

BY DAVID

and forms are processed timely for the Secretary of State.

The lack of employees and the rapid movement of people in community management have created massive challenges for management firms and HOAs. It is just too difficult to find and retain community managers. This lack of labor supply is further aggravated by management firm consolidations and buyouts. The diseconomy of managing small HOAs versus large HOAs has created a difficult dilemma for management companies. Many management firms are being forced to abandon the smaller association market. This market is just no longer economical, for them or the HOAs.

The industry is in the grip of a full-blown labor crisis with many entry-level and solo managers now charging fees of $750 to $1,000 per month for an association, up from last year’s $500 to $600 per month. The labor shortage and the resulting inflation in compensation is pushing management firms and HOAs to consider alternative, nonhuman solutions – that is, high-tech solutions.