The management company is a contractor of the Association, they do not replace the Board of Directors. The purpose of management is to delegate the many tasks (that require expertise or huge time commitments) to a company that can handle them efficiently on a daily basis. For example, your community would need a Treasurer – with a management company, all the accounting work will be performed so the Treasurer only needs to sign checks and review reports. Hiring a management company will make recruiting volunteers easier as the obligations of taking minutes, issuing violation letters, collecting delinquent assessments, handling maintenance can all be delegated. The Board of Directors will still make all of the decisions – but the work can be done by the manager.