Email Mike Email
Residential Real Estate
Aug 3, 2015

Homeowners, Communities Benefit From Professional Management

Sponsored Content provided by Mike Stonestreet - Co-Owner/President, CAMS (Community Association Management Services)

From leaky roofs and broken seawalls, to poorly written contracts and special assessments, there are many aspects of association management that require experience and a depth of knowledge.

For those of us who are considering the purchase of a single family home within a planned community, a condominium or a townhome, it is paramount to research the financial condition and management practices of the property owners association where the property is located.

Of course, many of us have already heard how a professional management service can have a direct, positive influence on a neighborhood.

One of the chief advantages to working with a company such as Community Association Management Services (CAMS) is that the homeowners association (HOA) board can depend on professional help to determine the initial budget of a new community and the annual budget in years to come. This can ensure there are adequate funds to meet the operating goals of the association and adequate reserve funds to address long-term capital expenses or unforeseen expenditures that may arise.

A professional management company will work directly with a HOA’s board of directors to acquire financial information and establish an annual operating budget. In our case, CAMS will even contact local service providers such as utilities, landscaping and insurance companies to identify material changes or rate adjustments that may occur in a given budget period.

Make no mistake: It takes a combination of specialized knowledge and experience to effectively prepare an annual operating budget and a long-term capital budget for any neighborhood.

This brings me to my next point: A professional association management company will often have connections with experienced specialists from a range of professions. We’ve all heard the adage that it pays to work with a specialist. Working with a professional association management company that has experts in facility management, finance, governing documents, human resources and accounting can provide added peace of mind.

From working in this industry for over 25 years, however, I have to say that one of the biggest advantages such company's provide is simply commitment. A professional association management company will provide a wealth of guidance and a range of services, all designed to support the long-term stability of the association’s common elements and property values. After all, the role of the association management company is to ensure that the residents are completely satisfied.

In the coming months I’ll detail the many other benefits that can be achieved by hiring a professional management company to work with an association’s board. In the meantime, please visit the CAMS website at www.CAMSmgt.com for questions, or to find out how professional management can help your neighborhood gain value.

Mike Stonestreet is a 26-year veteran of the professional HOA management industry who has achieved one of the highest education-based designations in the field, that of Professional Community Association Manager (PCAM). Community Association Management Services (CAMS) has been a leading association management company since its inception in 1991. CAMS is a trusted provider of management services for more than 265 associations throughout North Carolina, South Carolina and Georgia. To find out how CAMS can benefit your community, call 910-256-2021, email [email protected], or visit www.CAMSmgt.com.

Other Posts from Mike Stonestreet

Cams300pxx250pxblockadjune2018[1]
Ico insights

INSIGHTS

SPONSORS' CONTENT
Jeff metrocopy

Public Adjusters are Your Advocates After the Storm

Jeffrey Feldstein - Metro Public Adjustment
Webilm julieformal kellystarbuckcom mg 5471

Business is Growing at the ILM Business Park

Julie Wilsey - Wilmington International Airport
Corey61

The Toughest Job There Is

Corey Lewis - Cape Fear Jobs

Trending News

The Last Of The Offices At Mayfaire Sells For $11.7M

Cece Nunn - Feb 12, 2019

Coming To Downtown Wilmington: Mellow Mushroom

Cece Nunn - Feb 12, 2019

A First Look At The Next Phase Of Autumn Hall

Cece Nunn - Feb 14, 2019

ILM Awards Contract For Second Phase Of Terminal Expansion

Christina Haley O'Neal - Feb 13, 2019

Smith + Gsell Design Firm Develops Studio Space, Residential Homes

Johanna Cano - Feb 13, 2019

In The Current Issue

Food Hall Trend Coming To ILM

Food halls have been popping up throughout the United States, often in downtown cores. Some estimates predict that there could be more than...


Navy Week To Coincide With Azalea Festival

The U.S. Navy is coming to the Port City this spring, coinciding with the N.C. Azalea Festival. Wilmington is among the 14 selected sites –...


Housing Market: When History's For Sale

Homebuyers in the market for a historical dwelling seem to have at least one thing in common: a love of storied structures, big or small....

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Health Care Heroes 2018
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties