Whether you are a professional real estate manager or a volunteer member of a community association board, this comprehensive second edition is your guide for addressing the unique aspects of managing a community association. This must-have resource will help you:- Understand how to balance the individual needs of property owners with those of the community association- Provide solutions to problems frequently encountered by community association boards- Recognize the best practices for accounting, maintenance, and staffing- Determine the criteria association boards use when selecting a management firm- Navigate through the best ways to enforce rules and regulations- Comprehend the risk management factors that must be considered by property ownersCommunity Associations: A Guide to Successful Management, Second Edition provides insight into creating optimal collaboration between the association board, individual owners, and professional staff. In addition, this book includes enriched exhibits, checklists, and an updated glossary of relevant terminology--making it an invaluable reference guide for community association owners, board members, and professional managers alike.