WHAT IS AAMC?

AAMC stands for Accredited Association Management Company which is a designation for companies that govern and manage community management associations and their residents.  The CAI, Community Associate Institute was founded in 1973  and is the only national organization that provides a designation as an AAMC company.  CAI is the national expert in educational programs and publications about community association governance, operations and management.
Members with an AAMC designation are required to meet all financial management and reporting standards and maintain fidelity, general liability and worker’s compensation insurance and comply with federal state and local laws. By working with a company that has achieved an AAMC designation, you will have the highest level of professional service  to assist you in operating your association.  The staff of AAMC companies will follow these policies:
  • Comply with all standards of CAI and state laws
  • Disclose to client any perceived and actual conflicts
  • Provide accurate information to prospective and current clients
  • Refuse compensation from parties who  act on may act on behalf of client
  • Ensure funds are not misappropriated and returned to client upon end of contract
  • Recognize all records and files are property of client

Areas of Expertise

A company with the AAMC designation will possess extensive knowledge and expertise throughout the team to ensure your association will operate efficiently.   The areas of specialized experience includes:

  • Financial Reporting – Preparing budgets, future expenses; communicates how assessment dollars are spent
  • Site Inspections – Evaluating grounds to maintin  appearance
  • Rules and Restrictions – Enforcing policies are adhered to
  • Contractors/Professional Services – Assisting board members with the selection of vendors providing services to property
  • Payment Processing – Reviewing payments and maintaining financial integrity
  • Personnel – Supervising and assisting in human resource issues
  • Communication – Promoting communication channels between community and association

Staff members of AAMC companies must have employees with the PCAM, CMCA, AMS or CPM certification.

The team of Chaparral Management has the following credentials:

  • Pam Bailey, CMCA,AMS, PCAM (Professional Community Association Manager)
  • CMCA (Certified Manager Community Associations) – Currently all Managers possess  a CMCA designation
  • Continuing Education – 12 hours of continuing education every 2 years for all staff members