When it comes to utilizing and managing resources, there is arguably nothing more important than good will. Not only does this promote positivity, but it also creates a sense of pride in where your residents live. In this article, we’ll cover the importance of good will among neighbors, managers, and vendors. Most importantly, protect your association with an LA HOA Insurance policy.
Social interactions of all kinds go much better when good will is noticeable. When it comes to condos, it is responsible for promoting trust, willingness to help neighbors and pride to live in a certain property. It’s also crucial in enabling progress. Those who work with your community should maintain a positive attitude and act like they live there. If there is no good will in your condo association, this creates a negative work atmosphere, where people who work in your community are likely to give little value to their job, show limited enthusiasm and do just the minimum amount of work they can get away with, says HOA Management.
In business, good will and intent are the driving forces for success. Build relationships with vendors based on honesty, trust, and respect. At the end of the day, they’re humans, not computers. In turn, your vendors might be willing to go the extra mile for you and treat you well.
When it comes to HOA management companies, the same holds true. Simply because the HOA hires a company to help with the daily oversight of projects and upkeep, they all have the same goal in mind: to better the association. Cooperation from both parties will create good will for both parties.
About Scott Litman Insurance Agency
At Scott Litman Insurance Agency, we are dedicated to protecting HOAs like yours. We have a unique understanding of the industry and the common risk exposures that you face in your daily operations. In fact, we find that 90% of the policies we review are missing coverages that violate the Covenants, Conditions, and Restrictions (CC&R), exposing the board, HOA and management to lawsuits – which is why our comprehensive policies are tailored to meet your specific needs at competitive prices. For more information about our products, contact our experts today at (818) 879-5980 ext. 201, or fill out our online form.