What does an HOA Property Management Company do?
HMC Property Management delivers premium service that combines the latest technology and an extensive network with personalized, responsive service to completely support your community. Our firm stays current on all the legal, financial, managerial, and operational developments that affect community association management, enabling us to practice proactive property management that enriches your experience.
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What should I look for in an HOA Property Management Company?
To help facilitate the initial selection process, we’ve compiled a list of thought-provoking questions based upon our experience, which identify the most important areas of concern for a typical association. Learn more here.
Why is Homeowners Management Company (HMC) the best property management company in the Bay Area?
We provide local, full-service management under one roof, with customized solutions tailored to meet the needs of each unique community we serve. We actively seek ways to contain costs and help your association operate more efficiently as we connect you with quality industry professionals to serve your community.
HMC is well known for providing attentive service with the highest integrity. Our focus is always on the best interests of the association and its members. There are no hidden agendas with HMC or our team members and we ask for the same transparency in our communication with all clients. Effective communication builds trust, which is key to a productive business relationship.
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What is an HOA Property Manager’s role?
Our team at HMC Property Management comes with more than 25 years of experience managing Bay Area HOA and CID Associations. Learn more about our team and their expertise here.
What is a Common Interest Development (CID)?
Common Interest Development (CID) is descriptive not only of a certain type of real estate and form of home ownership, but also of a lifestyle — there is no one structural type, architectural style, or standard size for CIDs. All CIDs are similar in that they allow individual owners the use of common property and facilities and provide for a system of self-governance through an association of the homeowners within the CID.
The most common type of association of homeowners is the nonprofit mutual benefit corporation, in which the members of the corporation vote for a board of directors that run the affairs of the corporation. As the association is usually a corporation, bylaws establish the rules by which the corporation will be run. Additionally, the Declaration of the Covenants, Conditions and Restrictions (CC&Rs), contains the ground rules for the operation of the association. Rules and regulations can also be just as enforceable in an association as the CC&Rs, bylaws and applicable laws.
Several types of assessments, either being a regular or special one, may apply to the association. The best place to look for the different types of assessments that may apply to a CID is in the CC&Rs of the association. Once a year, the association will send each owner a copy of the assessment collection policy. However, mandated by California Civil Code, the board of directors can increase the amount of the assessment.
In other words, a successful and viable CID is generally one in which homeowners assume an active role, not only by attending association meetings, voting and paying dues on time but also by running for elected offices, serving on committees and participating in group activities. While governing documents help establish a foundation, involved owners build the CID and make it a community.
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