One thing that LBPM brings to homeowners associations (that very few property management companies actually do) is to ensure that all our property managers and portfolio supervisors are certified. This means they have gone through the rigorous training that is required to get that designation as a certified community association manager (CCAM).
You might think this isn’t a big deal, but this certification carries a lot of importance, and can save you a great deal in the end. In order to maintain the certification, there are continuing education requirements. It’s essential for certified managers to re-train themselves and stay up-to-date with laws and regulations. As a company, we help them do that.
Nearly every homeowners association that we have ever taken over (that was managing by themselves) had gaping holes in their operations; whether it was getting proper documents filed with the Secretary of State, maintaining the proper insurance, or handling the governing association correctly.
A lot of the associations we start working with don’t use the proper procedures when fining someone or holding an election. And while it may not seem like a big deal, things erupt when just one homeowner objects to something. Then, the board finds out everything they agreed to over the last year is invalid, or they illegally fined people and they have to go back to square one to address those problems.
Their intentions are good, but if you aren’t a full-time professional property manager, you simply don’t know what you don’t know.
Contact us at LBPM if you have any questions about our services, or if your association needs some help in managing the properties under your care.