Best HOA Management Company in Chicago, Illinois
KM Realty Group LLC is a trusted HOA and community management firm in the Chicagoland area and surrounding suburbs.
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Need Assistance Revitalizing Your HOA?
Managing a homeowners association (HOA) is complex, especially when board members are busy or lack experience. That’s where a professional HOA manager or a property management company for HOA can make a big difference.
What’s the difference?
An HOA manager helps associations run their communities smoothly, while a property manager focuses on rental properties for individuals or corporations. Sometimes, people use “HOA manager” and “HOA property manager” interchangeably.
What do HOA management companies do?
HOA managers or companies oversee day-to-day operations, support the board of directors, and help ensure the community runs efficiently. Many boards in Chicago, Illinois, choose to hire outside management for added expertise and support.
Keep in mind, not all management companies offer the same services. Your contract will outline exactly what’s included—but typical HOA management responsibilities may include:
- Understand the HOA’s governing documents
- Ensure the HOA complies with federal, state, and local laws
- Help prepare the annual budget
- Ensure the HOA stays within budget
- Collect dues and assessments
- Oversee invoices, receivables, payables, and delinquencies
- Secure the right insurance policies
- Provide monthly management and financial reports to the board
- Schedule and attend board meetings
- Document and keep records
- Inspect for violations
- Enforce rules and regulations consistently
- Review policies and provide recommendations
- Reply to homeowner concerns and questions
- Keep members updated through various communication channels
- Sending notices
- Maintain common areas — making sure they’re safe and properly insured
- Oversee projects
- Resolve disputes within the community
- Help facilitate board elections
- Hire CPA Taxes
- Advise the board on various matters and decisions
- Coordinate with professionals such as attorneys, accountants, reserve specialists, etc.
Why Choose the Best HOA Management Companies?
The best HOA property management companies make life easier for both board members and residents. At KM Realty Group LLC, we pride ourselves on being one of the top HOA management firms in Chicago, trusted for our transparency, responsiveness, and local expertise.
