Association Management

What Is A Community Association?

A community association is a non-profit group organized to maintain common areas within a community, while also governing the community to ensure that members function in accordance with the governing documents which include Bylaws, Articles of Incorporation and Rules and Regulations. These groups are non-profit corporations registered with the state and governed through the oversight of an elected Board of Directors. In order to live in a community association, community members must support the association financially and agree to live by the legal documents that govern the group. Membership in the community association is automatic when an individual purchases a home in the community.

Who Needs Common Interest Community Management?

Association management firms allow board members do their jobs well. Board members can give some of the tasks of managing the common areas and community to the association management firm, therefore freeing them to focus on maintaining good communication with the members of the community. Developers, board members and homeowners who are part of the decision-making process for a community can benefit from working with an association management firm. This type of supporting service can change a community from one that is constantly in turmoil to one that is positive and thriving.

How Does Association Management Help a Community?

A full service association management company, like LightHouse Properties, takes much of the responsibility of managing the community association off of the board members’ shoulders and allows them to focus on other tasks. Association management companies do not make decisions on behalf of the board, but can manage any tasks allotted to the management company by the board.

With the help of a quality homeowner’s association management firm, board members can save substantial amounts of time and money. LightHouse Properties is proficient in the community association laws for Virginia and is able to apply those to your community. Together, we will work with your board to make the organization and community as successful as possible.

What Can LightHouse Properties Do?

  • Enforce rules for homeowners
  • Enforce regulations
  • Make arrangements for property insurance
  • Collect home owner dues from homeowners
  • Oversee upgrades and renovations as approved by the board
  •  Take care of emergency issues
  • Coordinate contractors and trade professionals to work on the community
  • Create detailed monthly accounting statements for the board
  • Work with legal means to collect necessary homeowner dues
  • Report on necessary capital repairs to board

LightHouse Properties offers Association Management to communities in Lynchburg and the surrounding areas.