2012 Facts & Figures about HOA Management - PowerPoint PPT Presentation

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2012 Facts & Figures about HOA Management

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Over the past few years, HOA management companies have been able to learn more and more about what makes neighborhoods work. Surveys, studies, research and experience have all helped contribute to building strong communities. Learn more about HOA Management by visiting . – PowerPoint PPT presentation

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Title: 2012 Facts & Figures about HOA Management


1
2012 Facts Figures about HOA Management
2
HOA Management
  • Over the past few years, HOA management companies
    have been able to learn more and more about what
    makes neighborhoods work.
  • Surveys, studies, research and experience have
    all helped contribute to building strong
    communities.
  • One study, in particular, has provided tremendous
    insight into HOA management and how residents
    feel about their communities.
  • Ibope Inteligência, a global research
    organization based in Brazil, surveyed residents
    living in U.S. homeowner associations and
    uncovered some interesting findings.
  • During 2012, Ibope Inteligência conducted its
    study of community association residents. This
    study was the fourth one of its kind.
  • Previously, the research organization performed
    national surveys in 2005, 2007 and 2009. All
    four surveys produced similar results.

3
HOA Management
  • Research Company Background
  •  
  • Ibope Inteligência is a brand of the IBOPE Group.
  • Founded in Brazil in 1942, the organization today
    provides research on media, public opinion,
    voting intention, consumption, behavior,
    marketing, branding and other issues as required
    by its clients.
  •  
  • The company provides the largest collection of
    information in Brazilian and Latin American
    markets. In addition, IBOPE is ranked as one of
    Honomichls Top 25 Global Research
    Organizations.
  • In fact, it is the only Latin American company to
    appear on this U.S. dominated, industry standard
    list.

4
HOA Management
  • The 2012 Survey Results
  •  
  • Ibope Inteligências 2012 survey of community
    association residents provides a wealth of
    information for boards, residents and HOA
    management companies.
  • All-in-all, residents responded favorably
    regarding their feelings toward their
    associations. For example, homeowners said
  •  
  • They are satisfied with their HOAs.
  • They believe board members have the best
    interests of the community at heart.
  • They found HOA management companies provide value
    and support.
  • They know rules are in place to protect property
    values.
  • They consider assessments an investment that
    provides a valued return.
  • They are happy with their HOA management and do
    not want additional government intervention.

5
HOA Management
  • In addition, the Ibope Inteligências 2012 survey
    published some facinating facts and figures about
    the homeowner association industry. The
    research company found
  •  
  • Approximately two million residents volunteer on
    HOA boards annually.
  • Tens of thousands of residents serve on HOA
    committees.
  • A minimum of 320,000 HOA annual meetings take
    place each year.
  • Over 2.5 million association boards of director
    meetings are held annually.
  • At least one million HOA committee meetings are
    conducted each year.
  • Annually, the time board members and resident
    volunteers devote to HOA management is estimated
    at 850 million.
  • During 2012, HOA boards of directors collected
    almost 40 billion in annual assessments.
  • Also during 2012, HOA boards maintained
    investment accounts in excess of 35 billion to
    maintain and/or replace community property.

6
HOA Management
  • The positive feedback from this survey is
    encouraging, but it doesnt mean communities
    dont still have work to do.
  • HOA management is an ongoing process that
    requires skill, expertise, experience and a lot
    of effort.
  • The homeowners, volunteers, board of directors
    and HOA management company need to work together
    to ensure the community remains on track to
    accomplish its goals.
  •  AAM works with many of the largest homebuilding
    and community development companies in the United
    States such as Del Webb/Pulte, Shea Homes and
    Meritage Homes.
  • Founded in 1990, the company employs 370 people
    and manages nearly 400 homeowners associations in
    the United States.
  • AAM is dedicated to delivering total peace of
    mind to the Boards of Directors and homeowners in
    the communities it manages.

7
About the Author
Susan Williams is Vice President, Business
Development and Marketing for Associated Asset
Management, a community management firm that does
business in Arizona, New Mexico and Florida.
Learn more about HOA Management by visiting
http//www.AssociatedAsset.com.
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