Community Association Management
What is a CAM?
CAM is an abbreviation for Community Association Manager.
What CAM does
A Community Association Manager manages the common property and services of condominiums, cooperatives, and planned communities through their homeowners’ or community associations.
In many respects, the work of Community Association Managers parallels that of property managers.
By collecting monthly assessments, preparing financial statements and budgets, negotiating with contractors, and helping to resolve complaints, Community Association Managers take care of running the association efficiently and effectively for the owners.
In other respects, however, the work of Community Association Managers differs from that of other residential property and real estate managers.
Community association managers interact on a daily basis with homeowners and other residents, rather than with renters.
Hired by the volunteer board of directors of the association, they administer the daily affairs, and oversee the maintenance of property and facilities that the homeowners own and use jointly through the association.
In addition Community Association Managers also assist the board and owners in complying with association and government rules and regulations.
Some associations encompass thousands of homes and employ their own onsite staff and managers.
In addition to administering the associations’ financial records and budget, Community Association Managers may be responsible for the operation of community pools, golf courses, and community centers, and for the maintenance of landscaping and parking areas.
Community association managers also may meet with the elected boards of directors to discuss and resolve legal issues or disputes that may affect the owners, as well as to review any proposed changes or improvements by homeowners to their properties, to make sure that they comply with community guidelines.
Community Association Managers fulfill an important role in managing homeowner and community associations. From daily financial reporting to daily maintenance issues, Community Association Managers provide home owners with peace of mind that their investments are being taken care of efficiently and legally.
The Panama City Real Estate Team
Jennifer Mackay REALTOR®
Keller Williams Success Realty
309 Richard Jackson Blvd., Suite 200
Panama City Beach, Florida 32407
Direct: (850) 774-6582
Fax: (850) 522-3967