There are over 40 million homes occupied by renters in the U.S. Many of these homes are organized into communities led by homeowner association management or a community management association. Almost a quarter of the population in the United States live in some type of private community. These associations provide important real estate services that it is important to know about. Here are some of the services that community association management provides.
Community management associations fulfill several purposes. According to the Community Associations Institute, one of these purposes is to provide real estate services to tenants. These can include amenities like swimming pools, tennis courts, playgrounds, and golf courses. Over half of all property managers said that a swimming pool or a fitness center ranked among their tenants’ top desired amenities. These associations can also provide other real estate services like security, trash removal, and in some cases snow removal.
By providing all of these services and more, community management associations can help maintain the integrity of a particular neighborhood or area. In particular, by providing public areas were residents can relax together, like the pool or a playground, they can help to increase a sense of community among residents. It is certainly easier for community residents to get to know their neighbors if they have a number of places to gather and meet at. By providing security and trash removal services, the association can help maintain an orderly neighborhood.
These associations are typically led by members of the community. They are elected by their fellow community members and are typically expected to set the example for other community members in following any rules set in place by the association. An association leader can lose their position if they fail to consistently follow the rules.
In conclusion, a community management association provides important real estate services for its residents. These include providing important amenities for its residents, like swimming pools, tennis courts, or fitness centers. They can also provide services like security, trash removal, or snow removal. By providing these services, a community management association can help to provide a sense of community among its residents by providing public places to gather and get to know their neighbors. These associations can also help to maintain an orderly neighborhood with their real estate services. These are all important services that community management associations provide.
