
Selecting a Management Company
What volunteer boards should look for when hiring a management company, one of the biggest decisions they make for the community.
Official laws, outside guides and tools we point boards to, organised by state. Pick your state to see what applies to you.

What volunteer boards should look for when hiring a management company, one of the biggest decisions they make for the community.

The board's duty to collect, what an effective collection policy contains and why it must be shared with every owner and enforced consistently.

Why handling late dues case by case is risky, and how a written collections policy applied the same way to everyone protects the association.

A practical sequence for budget season: forming a budget task force, surveying owners and planning ahead instead of reacting.

How the annual budget sets assessments, and how realistic numbers, clear communication and easy payment options keep a community funded.

How boards weigh deposit coverage, liquidity and return, check state rules and put a written investment policy in place for reserve money.

Why a reserve study is the board's long-range plan for roofs, paving and other big components, and what underfunding forces on owners later.

A collection of CAI articles on preparing an annual budget, funding day-to-day operations and investing reserve money.

What goes into an association budget, how operating money differs from reserves, and what the board remains responsible for even when a manager or accountant drafts it.
These links are for general information and are not legal advice. Statutes change; confirm the current text with the official source and your association’s attorney.