Serving on the Board of an HOA can be a deeply rewarding experience. It is also a major responsibility. An HOA is a business with its own budget and many moving parts, and the decisions made within the HOA have practical implications for everyone who lives in the community. This can all be daunting, which makes it vital for those who are new to Board service to properly prepare themselves. In a new statement to the press, Kuester Management Group reveals three things new Board members can do to get ready for service.
“The first thing I would recommend is obtaining copies of all pertinent HOA documents,” says Bryan Kuester, President of Kuester Management Group. “Immerse yourself in the work of the HOA by familiarizing yourself with key reports.”
Specifically, Kuester encourages new Board members to spend time reviewing covenants and bylaws, the most recent budget, the most recent reserve study, key vendor contracts, insurance policies, and minutes from recent Board meetings. “Ask a more seasoned HOA Board member to sit down with you and help you to truly understand these important documents,” he offers.
Second, Kuester recommends sitting down with key stakeholders in the HOA and asking them for their insights and advice. “It would be beneficial to touch base with the property manager, the outgoing treasurer, and the HOA attorney, if at all possible,” he affirms.
Finally, Kuester recommends pursuing training opportunities or educational resources, which can often be obtained through the management company. “Ask your HOA manager for any informational resources he or she might be able to provide, including seminar and workshop opportunities,” Kuester advises. “Education is a big focus at Kuester Management Group, and we are always glad to assist new Board members in this way.
Ultimately, Kuester says, taking these steps will help Board members to hit the ground running.
Kuester Management Group offers a range of services to associations in North and South Carolina. For more information about the services and support provided by Kuester Management Group, visit the company’s website, www.kuester.com.
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. Other key services include document keeping, financial oversight, and other critical back-end functions. More information is available at www.kuester.com or @KuesterCompany.
Company Name: Kuester Management Group
Contact Person: Bryan Kuester
Country: United States