This arrangement doesn’t work this way, and this is a very common misconception.

A. Jenning Properties is a contracted property management company, much in the sense that your community contracts for lawn care. And just as the lawn care company can be hired, fired and renewed when its contract ends, the same applies to our company. We do handle collecting your assessments, but that’s not “our money”. We are paid a contracted fee for our services, just like the lawn care company.

Likewise, we don’t provide any physical maintenance services, and with only minimal exceptions of the lowest, non-recurring costs, we don’t choose which companies provide services at your community. These decisions are made by the Board of Directors. Our job is to oversee those contractors, make sure they are performing to their contract specifications and address any issues that may arise. But their contracts are with your association, not with our management company.

The entity you are paying is your community association, not our company. The association is a non-profit entity, and it does not require homeowners to pay any assessments beyond what is needed to fund the community’s expenses and make contributions to its long-term reserves. Of course, part of your money goes towards paying our management contract fee, but that’s not a direct payment. You pay your association, and your association pays us, among its other bills.