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« Back to articles from category "Real Estate"

The following article was published in our article directory on September 7, 2012.
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Relationships Between Condominium and HOA Owners, Boards, and Managers

Article Category: Real Estate

Author Name: Charles H. Maness

Owners want the reality as well as they prefer to be notified. To develop a relationship with the owner, the board as well as administration must set up limits and also foster straightforward discussions.
With the hectic lives of the modern day owner, the requirement for concise, well planned, as well as interesting details needs to have to be released on a quick as well as set up way. Notices and also arranged updates are fine through emails; having said that, the administration provider should take treatment to secure the email addresses of the owners.
E-newsletter should be maintained short to no even more than one to 2 pages at maximum. Typefaces need to be understandable at a level of 12 or above. It is advised that font styles be confined to no more than 2 to 3 in the whole e-newsletter. We normally make use of 1 font for the marketing header as well as a next transparent font for the body. A solitary typeface may additionally be used; however, this tends not to grab the owner's attention and also could be ignored. We even maintain our newsletters to one web page. Beyond one page as well as the manager may determine that they must read the details later. Later on might or could not can be found in our active lives. Shades and also a business logo commonly brand name the organization and can easily add pride to the newsletter for the owners.
Projects are one more possibility to distribute updates and also connect with the owners. Contrary from e-newsletters, ventures ought to include a project plan to allow the managers recognize what will certainly be taking place as well as when. The plan does not need to be detailed; yet, should feature simple info of the project label, the scope, and also a timeline of vital occasions, dates, as well as times. Fundamental venture recaps can easily additionally be utilized to additional a personal sensation to the notices.
One of the most necessary times to interact is the yearly meeting. This is the time for complete transparency in providing the managers a review of existing year close: accomplishments, spending plans, financials, and also explanations of any kind of overages. It is additionally crucial to offer a testimonial of price cutting steps as well as a strategy for the future year that features the spending plan, ventures as well as targets.
This is even a time to let managers to correspond directly with the Board and Management. Handling the meeting as well as remaining centered are essential management requirements, there must even be an open discussion time period for the owners to correspond with the board and administration.
By learning a few standard communication skills, the managers, board, and administration can easily all transfer to a much more effective as well as purposeful association partnership. A significant partnership between all events will definitely serve the passions of the organization in accomplishing, managing, and also sustaining a cohesive and productive team.

Managers desire the truth and they desire to be informed. To form a partnership with the manager, the board and also management have to set up boundaries and foster honest chats.
Notices as well as planned updates are great using e-mails; nonetheless, the administration business must take care to guard the e-mail addresses of the owners. Opposite from e-newsletters, projects must integrate a venture strategy to let the owners understand exactly what will definitely be occurring and also when. Handling the meeting and remaining centered are vital management needs, there must also be an open discussion time period for the owners to interact with the board as well as management.

About the Author:

Charles H. Maness is the founding Principal and Managing Broker for M Management LLC DBA M Brokerage Services. Mr. Maness holds multiple degrees including, a Master's Degree in Accounting. He is a Georgia Real Estate Broker and he is CPA Eligible.


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