What is a Self-Managed HOA?

A Self-Managed HOA is a homeowners association that operates without the direct involvement of a full-service management company. These community associations are led by an elected board of directors, often comprised solely of volunteer homeowners who take the reins in controlling the community’s operations. This approach enables members to cultivate a distinct community identity and strengthens interpersonal connections within the neighborhood.

Responsibilities of these boards are extensive; they cover not only financial management but also ensure the overall wellbeing of the community, a task that demands both vigilance and prompt action, especially in unforeseen circumstances. Despite the weight of these tasks, the Community Associations Institute (CAI) reports that 30-40% of community associations opt for self-management. This model is currently employed by an estimated 121,450 communities, impacting approximately 9.45 million housing units.

Even though self-managed, these communities occasionally might seek specialized assistance from property management companies, law firms, or financial experts for particular assignments or advice. This selective outsourcing allows the HOA board to maintain their autonomy and decision-making power while still benefiting from professional expertise in managing their community effectively.