The success of a homeowners association (HOA) depends on the HOA board’s ability to manage its community. In other words, for a community to thrive, the HOA board members must possess the skills that’ll allow them to improve the quality of life in the community.
While there are currently no state laws governing who can or can’t become an HOA board member, many HOAs have bylaws requiring candidates to possess certain skills before they can be eligible for a seat on the board. With that in mind, here are 4 skills you’ll need if you want to become an HOA board member.
Serving on the board means being in constant communication with fellow board members, the HOA manager, community members, and vendors. Therefore, it’s essential to have strong interpersonal skills if you want to become a board member. This includes being proficient in both written and oral communication.
2. Computer proficiency
The use of computers allows for the efficient management of the community. As you’ll be writing emails, attending or hosting online meetups, and using the internet to access important information, strong computer skills are a must for a board member. Knowing how to take advantage of available technology will also let you to automate tasks and receive updates on essential details such as the collection of fees.
Strong management skills will allow you to juggle a variety of responsibilities, from the filing of yearly taxes to the enforcement of rules. To ensure the HOA runs smoothly, you’ll also have to delegate tasks, follow administrative procedures, and manage important documents.
4. Bookkeeping and accounting knowhow
One of the most important responsibilities of the HOA board is the handling of the HOA’s finances. Expect to plan the annual budget, calculate HOA fees, stay updated on vendor payments, record all pertinent transactions, and produce financial statements to show your HOA’s fiscal condition. For these reasons, bookkeeping and accounting knowledge will serve an HOA board member extremely well.
Because all the above skills require high levels of technical expertise, many associations require a candidate for the board to have a high school diploma at the minimum. Larger HOAs may only accept college graduates.
There are also HOAs that will accept you as a board member if you’re a graduate of a local HOA management course. Make sure to take advantage of such courses, as they’re often offered by HOA agencies for free.
If you’d like more information about HOAs and HOA boards, kindly contact us through our corporate website, or give us a call at (888) 828-9444.