AMS
AMS considers the needs of the community and a manager’s ability to transition a new property into his or her portfolio. AMS attempts to choose a manager whose personality melds well with a Board and its Membership. If a manager is unavailable, a team member familiar with the HOA will respond to any needs or issues. The service level you receive will not waver, and if necessary, a member of the Executive Team will gladly step in to help.
Our managers have tenures ranging from three to sixteen years. We are proud of the experience our association business managers have. AMS has been managing homeowner associations in Oregon and Washington since 1985.
Association Business Managers work on-site on an as-need basis. If staffing or a project requires it, they will be on-site more often. If regular hours were necessary, the fee would depend on the number of hours required.
The average manager portfolio covers 8-14 properties. Each portfolio depends on the size, scope of the contract, and length of time managed by AMS.
While it is legal to pay directors and officers for their service, it is not a good idea. Under the law, volunteer directors and officers of properly insured homeowner associations face no personal liability for their decisions absent intentional fraud or self-dealing. Paid directors and officers can face personal liability for bad judgment and unintentional mistakes.
The law provides that a volunteer director or officer cannot be held liable for damages resulting from his/her service to the association if he/she performs his/her duties (i) in good faith, (ii) in a manner which he/she believes to be in the best interests of the association, and (iii) with such care, including reasonable inquiry, as an ordinarily prudent person in a like position would use under similar circumstances. At the risk of oversimplifying this standard, the idea is to protect honest directors and officers from liability for mistakes unless their actions are self-interested or unreasonable. Directors are entitled to rely on information and opinions provided by the association’s officers, committees, and hired experts.
To provide additional liability protection to directors and officers, most governing documents state that the association will indemnify them absent gross negligence, intentional misconduct, or fraud. Indemnity means that the association will pay the damages that are awarded against the directors or officers. Most governing documents require the association to carry director and officer (“D&O”) liability insurance for these costs, and such insurance is always a good idea.