Many of us can probably relate to the following statement: “I pay my assessment each month, which is all I am required to do by our home owners association, so don’t bother me about my obligation to participate in committees, serve on the board or attend meetings.
Fortunately not all owners feel that way, but it is a sentiment that is shared by some homeowner association owners who could contribute much to the betterment of their community.
Let’s suppose you invest $300,000 with a financial brokerage firm whose responsibility to you is to do everything possible to preserve, maintain and enhance that investment. The only responsibility you have to them is to pay their transaction commissions. However, during the course of your relationship with this firm, you attend investment workshops to learn what your money is doing, read your transaction summary in order to understand where your money is and take an active role in the choices that will guide the placement of your investments. Would your attitude be the same towards your brokerage firm as it is towards your homeowners association?
In reality, the attitudes about our community homeowner association would be no different than our attitudes about our investment brokerage firm. Both are charged with preserving, maintaining and enhancing our investment. The only difference is that the investment that our community association is protecting is our home and our attitudes about our home can be much more emotional and our attachments much different than our attitudes and attachments about our money.
Participation is needed in order to contribute to the betterment of our home owners community and improve the quality of life for everyone in it. Every member of our community has knowledge, skills and experience that our association would love to have access to. Consider the desire to be a successful community member with the same passion that you would desire to be a successful investor.