A Florida Community Association Manager - CAM - can help your condominium association or HOA comply with fiduciary responsibilities and laws. But the advantage of a CAM's continuing education does not stop with compliance:
CAM's can often find volume discounts because they manage multiple associations.
Professional training equips managers to deal with difficult residents and to be prepared for natural disasters.
A responsible Florida Community Association Manager is trained about insurance issues and how they relate to your condominium association or HOA, i.e. sufficient property coverage for replacement, waiver of subrogation from contractors, general liablity issues, etc.
A properly educated Condominium Association Manager is familiar with all relevant aspects of governance
An experienced CAM knows what needs to be done for quality maintenance and how much different functions should cost.
A very important issue for a condominium association is determining what is an appropriate amount of money to hold in reserves - a good Florida CAM is trained to help.
A Florida community Association Manager should be familiar with rules and enforcement, legal, budgeting, applicable filings, timely communication and contracts.
Hiring a qualified professional community association manager for your Florida Condominium Association is a prudent way to make sure these issues are properly addressed. Creation of professionally created reports is important to successful operation of a board.
What Should I Consider when Hiring a Florida Community Association Management Company?
A professional property management company should help increase sense of community, be responsive to maintenance requests, pursue delinquent association fees and be a positive force for property values.
Florida law requires that a Community Association Manager that handles more than 10 units or that has a yearly budget of $100,000 or more to have a CAM license. The most widely respected designations for community association managers are issued by National Board of Certification for Community Association Managers (NBC-CAM).
Certified Manager of Community Associations (CMCA) certification through NBC-CAM
Association Management Specialist (AMS)
Large-Scale Manager (LSM)
Professional Community Association Manager (PCAM), through CAI.
The designation for Community Association Companies is Accredited Association Management Company (AAMC).
Designees are tested and are required to undergo continuing education.
Florida Chapters of Community Association Institute
For condominium association managements, HOA managers and community associations, CAI is widely respected: