Professional Property Management

Roles and Responsibilities of Professional Property Managers

With new homeowners moving in, assessment collections always at the forefront, and the ongoing need for maintenance and improvements, subdivision trustees sometimes turn to professional property managers to provide the subdivision with leadership, budgeting and finance expertise, and effective and efficient management. Since trustees often serve their subdivisions on a voluntary basis and earn no salary for their efforts, some subdivisions hire a professional property management firm to provide greater expertise, to more adequately respond to the subdivision’s needs than could volunteers, and to offer residents a specific contact person. Professional property managers typically:

► Collect annual and special assessments.

► Mail out notices and coordinate association meetings.

► Inform trustees of changes in relevant laws and ordinances.

► Prepare financial reports for the subdivision association.

► Provide expert advice while taking direction from the trustees to enforce indentures.

► Manage the day-to-day operations of the association.

► Place liens on homes for failure to pay annual assessments.

► Retain an attorney to take necessary legal actions.

To find a professional property management firm to assist your subdivision, please contact:

Community Associations Institute Heartland Chapter

P.O. Box 953 Bridgeton, MO 63044 (314) 423-8859 caistlouismo@sbcglobal.net