INTERNATIONAL COMMUNITY ASSOCIATION MANAGERS DAY-JUNE 13, 2023
The International Community Association Managers Day celebrated on June 13, is organized by the Community Association Institute (CAI) and is dedicated to over 55,000 community association managers in the United States and thousands more globally.
Community association managers are the professional backbone of the condo communities and homeowners associations they serve. In this case, they provide the skills and expertise necessary for success in operations and governance.
HISTORY OF INTERNATIONAL COMMUNITY ASSOCIATION MANAGERS DAY
Community association management is a relatively young industry that has grown tremendously over the last 50 years. There were roughly 10,000 community associations in the US in the 1970s but only a few community association managers. Most of those who discovered the profession came from related industries like apartment management, hospitality and tourism, and commercial development management and had little training and resources.
As the number of community associations across the globe grew, the profession's pioneers realized that education and skills were needed. More than 355,000 community associations are housing more than 74 million Americans in the US today. Most of these communities depend on over 55,000 community association managers who work tirelessly to satisfy the residents' needs and hopes and ensure success for the volunteer homeowners who govern these communities. Community managers who hold CAI designations are highly ethical in their work with community associations.
Due to the increasing popularity of community associations, housing choices for people worldwide, especially condominium buyers seeking closeness to city centers, public transport systems and schools, and shared amenities such as pools, walking trails, and other recreational facilities that are not usually easy to attain. From the most significant cities to the most picturesque island getaways, community association management has a lot of career opportunities, tremendous earning potential, and a wide job market.
FIVE RESPONSIBILITIES OF A COMMUNITY ASSOCIATION MANAGER YOU NEED TO KNOW
Administration
Such responsibilities include general management and governance of the community, such as communication with homeowners and board members, administration of information and records, and organizing association meetings.
High Ethical Standards
The manager is responsible for assisting the association in developing and establishing rules stated in the communities’ rules and regulations, addressing community violations, answering questions about the laws governing the association, and helping the board follow provided procedures.
Financial Governance
The manager must assist the board in financial management, budgeting, and the association's cash flow.
Caring for Facilities
The manager works with vendors to ensure that property and facilities are well maintained and functioning.
Insurance and Loans
The manager helps the board obtain and maintain insurance and loans required by the association.
