Why Selecting an Accredited Association Management Company (AAMC®) Matters

February 13, 2019    Education

How will you choose a property management company?

Which company will have the experience and dedication needed to serve your association effectively over time? Consider an Accredited Association Management Company to provide the talent, expertise, and integrity you require.

 

What is the AAMC®?

The AAMC® is the National Recognition awarded to companies that specialize in community association management by the Community Associations Institute (CAI), the nation's voice for homeowners’ associations.

The AAMC® accreditation ensures that Community Management employees have the talent, expertise, and integrity required to meet your association’s most essential and complex needs.


How will an AAMC® - accredited management company empower my community association?

KNOWLEDGE & TALENT

A community management company with an AAMC® designation has achieved a specific level of commitment and expertise throughout its employees.

This high standard maintains and upholds your association’s operational, legal, and financial needs in the following ways:

  • Develops association budgets and financial reports to prepare for future expenses
  • Communicates clearly and timely to homeowners as to how their assessments are applied
  • Conducts site inspections to evaluate your association's grounds and common areas
  • Prioritizes and assists with proper repairs
  • Enforces community association rules and restrictions fairly and reasonably
  • Assists board members in the selection of vendors, contractors, and insurance companies to guarantee you receive top-notch services for your association
  • Oversees and authorizes payment for services as a financial safeguard
  • Promotes clear and open communication, collaboration and community spirit within the association
EXPERIENCE & RESOURCEFULNESS

When retaining a property management company with an accredited AAMC®, you will benefit from the experience of an individual community manager, in addition to the collective knowledge and resources provided by a highly trained and knowledgeable team.

An employee of an AAMC® accredited management company will have a sound understanding of all aspects of community association management, including principles of accounting, vendor management, association maintenance, a governance structure, board, and community management.

INTEGRITY & STANDARDS

Accredited Association Management Companies are required to meet CAI's financial management and reporting standards. Association Management Companies that carry the AAMC® designation must maintain fidelity, general liability, and worker's compensation insurance in addition to meeting federal, state, and local laws. As a client of an Accredited Association Management Company, your community association will be protected with the financial protection required by the accreditation, including:

  •  Separate bank accounts that are reconciled monthly for each client association
  •  Acknowledgment by the board of all investments and disbursements of funds
  •  A detailed financial report including a balance sheet, income statement, budget comparison, and an explanation of expenditures and receivables, prepared at least quarterly

Additionally, an Accredited Association Management Company commits to upholding the highest ethical standards. All AAMC®; employee members must abide by the strict rules of conduct outlined by the CAI’s Professional Code of Ethics, (link) which states that each manager in the company shall:

  • Comply with all standards established by CAI and the state(s) in which the manager practices
  • Disclose in writing to the client any actual, potential, or perceived conflict of interest
  • Participate in continuing professional education
  • Not provide inaccurate or misleading information to a prospective or current client
  • Refuse any compensation from parties who act or may act on behalf of the client
  • See that the client's funds are held in separate accounts, are not misappropriated, and are returned to the client at the end of the manager's engagement
  • Recognize that all records, files, and books are the property of the client

ABOUT CRUMMACK HUSEBY

Crummack Huseby Property Management obtained an AAMC® Accreditation status which highlights their focus and commitment to deliver total customer satisfaction.  If you would like to learn more about Crummack Huseby Property Management Inc., they look forward to learning about your community and understanding your needs and how they can best support your community. For more information - Start a Conversation or call 949-367-9430

 

Sources:

https://www.caionline.org/LearningCenter/credentials/Documents/ethics_code.pdf

https://www.caionline.org/LearningCenter/credentials/Pages/AAMC.aspx


 

Our associates add value to your association.



Ready for a change?

Professional Affiliations

Building Industry Associaiton of Southern California
Member of Community Associations Institute
California Associations of Community Managers
Eliant Certified