Essential HOA Professionals

The Attorney. Only work with an attorney with expertise in HOA law. Typically, there are very few such attorneys and some specialize in working with developers. Look for those that work with HOA boards. Ask local HOA management companies for references. Do not use an HOA member attorney since there is an unavoidable conflict of interest. Designate one board member to interact with the attorney, usually the board president. This not only controls costs, but eliminates confusion and miscommunication. The HOA’s attorney is legal counsel to the homeowner association. He does not represents the board, a board member or general member.

What Attorneys Do:

• Review governing documents, proposed rules or amendments and service provider contracts.
• Provide legal opinions on HOA matters.
• Answer questions concerning legal concepts and governing documents.
• Collect delinquent assessments by demand letters, filing liens, processing foreclosures and litigating.
• Enforce deed restrictions by demand letters and litigation.
• Legally defend the board.

The Certified Public Accountant (CPA).

• Audits, Reviews & Compilations (three levels of financial review).
• Budgeting assistance.
• Expert testimony and litigation support.
• Tax returns.
• Accounting policies and procedures.
• Design and implement systems for internal control.
• Formulate investment policies.
• Evaluate, select and install accounting software.
• Train bookkeepers and other accounting staff.
• Prepare monthly or quarterly financial statements.
• Make recommendations for interviewing and hiring accounting staff.
• Educate and train board or committee members on technical matters.
• Assist in obtaining financing.