Community management company


Community management company

A community management company is a company that is contracted to carry out the business affairs of the corporation formed to govern a convenant restricted community (i.e. homeowner association, condominium association). The industry is typically referred to as "Community Association Management.(www.CommunityAssociationManagement.com)" It is a separate type of business than a property management company which typically refers as the management of rental units. The trade group for the industry is Community Association Institute (www.caionline.org). Some states require managers to be licensed such as Alaska, California, Florida, Georgia, Nevada, Virginia, and Illinois.

Types

On-site manager: This type of manager works in the community which she manages.

Portfolio manager: This type of community manager oversees several communities and is often paid on a commission basis.

Large-scale manager: Typically, large scale managers are also on-site managers. CAI [disambiguation needed ] offers certification for Large-scale managers and notes the following description: This designation allows a professional holding the PCAM designation to specialize in issues facing larger community associations. To be considered for this designation, the candidate must already be a manager of a large-scale community of over 1200 units, 1,000 acres (4.0 km2) and a budget of at least $1.5m.


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