Principles of Community Association Management

Principles of Community Association Management is a comprehensive, practice-driven textbook that equips readers with the knowledge and systems required to govern and manage modern community associationsincluding HOAs, condominiums, strata, and mixed-use communitiesacross diverse regulatory environments. Bridging theory and application, the book positions community associations as complex private governance entities, integrating legal authority, operational execution, financial stewardship, and stakeholder engagement into a unified management framework. The book follows logical progression from foundational concepts to advanced governance topics, covering the profession, leadership, financial management, facilities planning, legal compliance, risk management, and ethics. Each chapter reflects how associations operate in practice, emphasizing systems-based governance rather than personality-driven decision-making.
Featuring chapter previews, learning objectives, knowledge checks, end-chapter review questions, scenario-based exercises, and sample templates and checklists, this book serves as both a course text and a professional reference for students, board members and practitioners in real estate, facilities, and property management.

Provides a practical, systems-based playbook for HOA, condo, and co-op operations, governance, and execution Offers templates, checklists, and exhibits for field and classroom application Offers an applied management framework that integrates governance, finance and operations

Autorentext

Daleik A. Vaughn is an Adjunct Professor of Residential Property Management and Community Association Management in the H. Wayne Huizenga College of Business and Entrepreneurship at Nova Southeastern University, Fort Lauderdale, FL, USA. His teaching covers essential aspects of property management and real estate, including principles, valuation, maintenance, and operational excellence. He is also Founder of Saivy, a financial technology platform that connects homeowners, financial institutions, home improvement retailers, and maintenance professionals to empower stakeholders and enhance the homeowner experience. He is a seasoned property management professional with over 17 years of experience in the industry. Throughout his career, Daleik has demonstrated exceptional proficiency in managing a diverse portfolio of properties, including single-family homes, multifamily residences, and community associations. His extensive knowledge and hands-on approach have enabled him to successfully navigate the complexities of property management, ensuring both resident satisfaction and property value enhancement. He is author of the textbook Essentials of Residential Property Management (Springer 2025).

Inhalt

Chapter 1: Foundations of Community Association Management.- Chapter 2: The Community Association Management Profession.- Chapter 3: Winning the Management Contract.- Chapter 4: Association Governance and the Legal Authority of the Association.- Chapter 5: The Board of Directors Roles, Duties, and Decision Making.- Chapter 6: Community Leadership Development.- Chapter 7: Communication Strategy and Stakeholder Engagement.- Chapter 8: People Management in Community Associations.- Chapter 9: Financial Management, Budgeting, and Reserve Planning.- Chapter 10: Facilities, Maintenance Planning, and Capital Project Oversight.- Chapter 11: Community and Building Systems.- Chapter 12: Legal Issues, Compliance, and Dispute Resolution.- Chapter 13: Insurance Coverage and Risk Management for Associations.- Chapter 14: Ethics, Professional Standards, and Fiduciary Responsibility.