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Community Association Management

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The culture of real estate and properties incorporates lots of complicated jargon and regulations that help protect and represent human rights. However, often times, the terminology differentiates individuals who have similar titles and effectively perform the same tasks – but are legally liable for different situations.

One such example of this circumstance is shown in the role of a Property Manager versus that of a Community Manager.

Property and Community Managers

A quick search on the web quickly suggests that Property and Community Managers are the same job. If you’re skimming through job descriptions on career planing pages, you’re likely to find both titles under one description; and many pages and blogs list them as doing the same kind of work. Generally, many sources are under the impression that Property Managers and Community Managers are synonymous terms.

Let’s look at the facts:

Community association management is an important aspect of keeping residential buildings, residential neighborhood associations and industrial parks running smoothly and helping properties maintain their value. These managers oversee common properties and services of condominiums, cooperatives, and planned communities through homeowners associations (HOAs).

An interesting aspect about community managers: their tasks mirror the tasks of property managers. After all, both collect monthly assessments, resolve complaints, create financial statements, prepare budgets and negotiate with contractors.

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What’s the difference?
The most significant difference between Community Managers and Property Managers is that the former are hired, directed and funded by a board of directors of the association. The board must approve all purchases, services and repairs. Community Managers also oversee and maintain the buildings that homeowners use – and jointly own with the association to help comply with government statues and rules.

Property Managers, on the other hand, must first obtain as license as a Real Estate Broker, Broker Salesmen, or General Salesmen. On the flip side, Community Managers must obtain a permit or certificate from their respective real estate division and comply within the regulations for practice.

Property Managers must always have a written agreement with the owner stating that the manager is responsible for care and maintenance – consequently allowing them to use the owner’s money for such results. Meanwhile, a Community Manager must report to a board of directors and follow its directives. Community managers do not have the authority to repair out of the association funds without board member consent.

Understanding that Property Managers work with renters, while Community Managers work with homeowners, helps clarify the confusion between these two services. It also helps to remember that Community Managers do not have control of a property – the association does.

Call Us Today

Stellar Properties and its team of licensed real estate and community association managers offer stress free solutions in a timely and organized manner, ensuring your association is run in the most professional way possible. For residential communities, whether it is a small group of townhouses to a large scale gated community, Stellar Properties offers full-service community association management (CAM). Call us today to learn more!

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Stellar Properties employs the best licensed professionals who will aid you in managing your properties, and research to find you the perfect properties, in the right location. Contact us today and speak to our experienced professionals who will help you get started.

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