A residential society or homeowners association is an organization formed to manage the requirements of the building and the members collective. Home owners associations consist of members that are part of the residential society. However, due to lack of time and other personal reasons, it is advisable to outsource or appoint home owners association management to fulfill the requirements of the residential society.
So, why do you require a homeowner’s association management? There are several reasons a residential society requires home association management. Firstly, you need home association management to manage several aspects of community living like building finances, maintenance, and compliance with legal requirements.
Iris Property Managers provides home association management services in Bahrain. As a leading real estate company in Bahrain, we are well-versed in managing residential societies.
Fundamentals of home owner’s association management by Iris Property Managers
Drafting of association by-laws
Every residential establishment requires the preparation of by-laws and a also home association guide. At Iris Property Management, we draft the by-laws of community living and the home association guide. As part of our home owner’s association management services, we encourage member engagement by providing a platform for the election of board members.
Financial aspect
One of the fundamentals of home association management by Iris is overseeing the financial aspect of building maintenance. Here, finances are not limited to the collection of monthly or annual maintenance from residents but also include payment of taxes, payment of invoices to third parties for services, and bookkeeping among other finance dealings.
Sometimes, residents may not be fully qualified to handle matters of the association about finance.
Therefore, it becomes necessary to appoint professionals who are experts in the financial management of residential associations. Iris Property Managers are one of the best home association management companies in Bahrain. We have expertise in finance and legal aspects of building management.
Further, as part of our services at Iris, we arrange for auditing financial statements to promote transparency in the financial records of the home association.
Infrastructure upkeep
A building is always subject to natural wear and tear. Upkeep and maintenance of the building is also part of building society management.
Iris provides the best home association management services in Bahrain. Further, as part of our services, we review quotations for maintenance issues and supervise repairs.
Third-party liaising
Just like an individual needs to interact with others to live harmoniously in society, a building society also liaises with third parties for its upkeep and maintenance.
At Iris Property Management, we obtain licenses; ensure compliance with building rules and regulations, and also liaison with third parties to maintain the building and ensure the building does not violate the law of the land. We also maintain professional associations with regulatory bodies.
Conclusion
Homeowner’s association management is an important aspect of community development. A residential building is only as good as the community that forms it. Community development in buildings provides networking opportunities and fosters social engagement. Further, community development and member engagement are not possible without good association management.
Iris Property Managers provides the best homeowners association management services in Bahrain. We possess strong skills in leadership and also governance, allowing us to take on society management with ease.
At Iris, we believe in open communications and transparency in operations. Additionally, our open book policy in financial transactions makes us one of the most trusted home association management companies in Bahrain.
We create an organizational impact through our state-of-the-art services including property management, sale and leasing of property, maintenance of property, and also facility management. Contact Iris Property Managers for all your real estate requirements in Bahrain.
