Comprehensive, Stress-Free Management

Fixed monthly costs are determined by the base management fee, number of homes, and if any additional services (like pool or clubhouse management) are added.

Variable monthly costs for an HOA are expenses that fluctuate based on specific usage or optional services utilized by the community. These services include things like mailing fees, special consulting fees, and more. It’s important to note that some fees (like lien filings) are initially paid by the HOA but are eventually paid-back by the homeowner.  

These costs can vary from month to month depending on factors such as the frequency.

Associations may downgrade to the Financials-Only Plan at the time of renewal. Downgrading will require a new contract and 12-month agreement.

If an association requires less than what the Full Management Plan offers, MGM may consider crafting a Financial-Only Plan with additional add-ons. However, there comes a point where opting for the Full Management plan might become more cost-effective.

For associations seeking customizations beyond what a Full Management plan and additional add-on services provide, we recommend reaching out to MGM directly. While we do provide some customization options, if your association requires extensive customizations, MGM may not be the most suitable fit.

All initial contracts span 12 months and will automatically renew unless terminated. Cancellation requires a 90-day notice. Throughout this period, MGM will maintain its standard services and assist with the transition process.

Choosing between a financial-only plan and full HOA management depends on what an association needs and what resources they have. If an association already has good ways to manage things like maintenance and community relations but needs help with money matters, a financial-only plan could be a good choice. It might also be a smart move if the association doesn't have a lot of money to spend or if their financial needs are pretty simple. Sometimes, associations might have their own volunteers or staff who can handle other tasks, so they focus on getting professional help just for finances. During times of change, like when a new board takes over, they might pick a financial-only plan temporarily while they figure out what they really need.

On the other hand, a full HOA management plan might be better if an association wants help with more than just finances. This could include things like maintenance, dealing with residents, or organizing events. If an association doesn't have the resources to handle these tasks on their own, or if they want everything taken care of by professionals, a full management plan could be the way to go. It might cost more, but it could save time and effort in the long run, especially for associations that want everything running smoothly without having to worry about the details.