Industry & Legal News

Why Your Property Manager Should Attend Your Quarterly and Annual Board Meetings

Board meetings are important not only to the residents of the building, but to property management as well. Your property manager should attend these meetings to stay current on key updates and decisions. Here are a few reasons why you should look for your property management representative at your next board meeting.

Changes in Bylaws and Rules

If changes in bylaws occur at your board meetings, property management should be made aware of these. Key changes may deal with maintenance, rental policy, emergency repairs, and more. Occasionally, these changes may affect how a property management company resolves issues and on what level they are involved.

Be a Voice

While your property manager may not have a vote, that doesn’t mean they don’t have a say. If they see an ongoing issue, a board meeting is a great opportunity to make everyone aware of that issue. The board then can bring it to a vote, if necessary, and help communicate any changes to the residents.

Additionally, it’s a nice touch to get to know the face behind the name of your property manager. Board meetings are a great way for them to get to know you, and vice versa. Often, this makes the property manager easier to approach and resolve issues efficiently.

Financial Changes

If your property management handles financials for the HOA, it’s best they attend these board meetings in order to stay informed about any changes. Such changes may include an increase in fees or potentially large one-time assessments that the property management company may need to be involved in organizing.

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