What Is the Difference Between Property Managers and Community Association Managers?

Property managers and community association managers have similar roles, but their responsibilities differ in some key aspects. Both manage properties and work with tenants or homeowners, but their focus and duties vary depending on the type of property they oversee.

What Is a Property Manager?

A property manager is responsible for managing individual properties such as residential homes, commercial buildings, or vacation rentals. Their main role is to oversee the day-to-day operations of a property, including maintenance, rent collection, and tenant relations. They also handle tasks such as advertising vacancies, screening potential tenants, and setting rental rates.

Responsibilities of Property Managers

• Setting and collecting rent.

• Marketing and advertising properties for rent.

• Screening tenants and conducting background checks.

• Handling lease agreements and renewals.

• Responding to tenant complaints and addressing maintenance issues.

• Coordinating repairs and maintenance services.

• Keeping track of property expenses and budgeting.

• Inspecting properties regularly.

What Is a Community Association Manager?

A community association manager, also known as a CAM, is responsible for managing the common areas and amenities of a community association, such as a homeowners’ association or a condominium complex. A reputed community association contractor in Georgia works closely with the board of directors and is responsible for implementing their decisions and managing the daily operations of the community.

Responsibilities of Community Association Managers

• Managing common areas and amenities.

• Collecting dues and fees from homeowners.

• Coordinating maintenance and repairs for common areas.

• Organizing community events and activities.

• Enforcing community rules and regulations.

• Communicating with homeowners and addressing their concerns.

• Preparing financial reports for the board of directors.

Key Differences Between Property Managers and Community Association Managers

While both property managers and community association managers have similar roles in managing properties, there are some key differences between them:

1. Type of Property

Property managers deal with individual properties, such as rental homes or commercial buildings, while community association managers oversee common areas and amenities of a larger community.

1. Scope of Responsibilities

Property managers have a more hands-on role in managing the daily operations of a property, whereas community association managers work closely with the board of directors and implement their decisions.

1. Audience

Property managers primarily interact with tenants or renters, while community association managers work with a larger group of homeowners in a community association.

4. Legal Requirements

Property managers may need to obtain specific licenses or certifications depending on the location and type of property they manage. Community association managers are often required to have a CAM license in addition to any other state requirements.

Conclusion

Property managers and community association managers have similar roles in managing properties but differ in their focus and responsibilities. Understanding the differences between these two positions can help you determine which type of manager is best suited for your property needs. So, it is important to carefully consider the type of property you own or manage before deciding on the type of manager to hire.