Kuester Management Group Reveals Signs HOAs May Benefit from Hiring an HOA Management Company

CHARLOTTE, N.C. - Oct. 21, 2022 - PRLog -- Managing a homeowners association can be a significant undertaking. The board must work together to make decisions, resolve problems, plan projects, manage the budget, and more. The responsibilities can quickly add up. Kuester Management Group has released a statement to the press regarding signs that can indicate an HOA may benefit from partnering with a management company.

"Board members strive to do their best and stay up to date, but sometimes they don't know what they don't know," says Bryan Kuester, President of Kuester Management Group. "An HOA management company can help close these gaps, recommend training or professional development opportunities, and guide the board in making more sound decisions."

If board members are not well-versed in the ins and out of the governing documents, local or state regulations, federal laws, and other requirements that dictate how the association operates, it can make running the HOA more difficult, says Kuester. It can also increase liability and legal risk. A community manager can help make sure the board is staying compliant.

Poor financial management can be another red flag. It can be challenging to manage income, expenses, reserves, and future planning. Knowing how to create a strong budget, control costs, collect dues, and keep the association in good financial health is critical. A management company can be a valuable resource in financial planning.

"Another warning sign can be high turnover on the board, or board member burnout," says Kuester. "When board members feel like they are overwhelmed with responsibility such as planning meetings, responding to member questions, coordinating projects, and enforcing rules, it can be a lot to balance. A community manager can take a lot of the day-to-day operations off their plate so they can focus on tasks that cannot be delegated."

Kuester Management Group supports HOAs in a wide range of areas from daily operations to communication to member relations to budgeting. The company partners with associations to help them be more successful. Learn more about the company and its services by visiting www.kuester.com.

ABOUT:

Kuester Management Group, a division of Kuester Companies, works to protect property values and enhance the quality of life in each of its managed communities. Providing a full range of association management services, Kuester Management Group has worked to foster strong, resilient, and unified communities across North and South Carolina. The company is proud to offer on-site property managers, all zealous for building strong communities meant to stand the test of time. More information is available at www.kuester.com or @KuesterCompany.