More than a quarter of US citizens live in managed communities, and many who don't would prefer to.
Homeowners associations can offer a lot to their communities, making them more desirable places to live. However, the duties that fall to HOA boards are often overwhelming. An HOA can hire an association manager to help them deal with everything more effectively.
Let's take a look at some of the ways in which an HOA property management company can benefit your community.
Common Area Maintenance
Residents in an HOA community are responsible for their own property maintenance costs and organization. However, the common areas like parks and swimming pools are for the HOA board to oversee.
An association manager can take care of this. By organizing and overseeing maintenance, they can take charge of neighborhood improvement, making sure all common areas are safe and in a good state at all times. The relationships they have with contractors and other service providers mean they may even be able to get better deals for their services.
Administrative Support
The HOA board has a range of administrative duties to deal with. These are often simple enough, but they can be very time-consuming. They might struggle to handle all of these while giving enough time to their other responsibilities.
One of the key HOA management benefits is that things can be done far more efficiently. An association manager can take on these duties to give the HOA board more time to focus on other important tasks.
Administrative duties can include things like:
- Insurance administration
- Organizing HOA meetings
- Managing contractors and vendors
- Project management
- Contract negotiations
Association managers have all the skills needed to handle these effectively.
Policy Enforcement
HOA policies are typically put in place by the HOA board and they help keep the community peaceful. The purpose of these rules is to reduce the risk of disputes between residents, and those who breach them will face reprimands. The problem here is that the HOA board sometimes struggles to enforce policies effectively.
As they're made up of community volunteers, HOA boards aren't always comfortable dealing out punishments when they should. Personal relationships can interfere with their decisions.
Association managers don't have the same personal relationships with residents. This means they can avoid being biased and will be able to handle things fairly at all times.
Financial Duties
As community volunteers, HOA board members don't always have the relevant skill sets to handle all of their duties. When it comes to finances, things can get quite complicated.
Association managers have suitable training, so they can deal with finances effectively. This means collecting HOA fees, planning spending, setting budgets, and more. Their experience allows them to handle finances efficiently so that the money a community has can go further.
Working With a Professional HOA Property Management Company
An HOA property management company can take on various duties for your HOA board. This ensures your community can flourish and residents can enjoy a better quality of life.
PMI Alliance provides professional community management services throughout Dallas and surrounding communities. We have years of experience and use cutting-edge technology to help our clients succeed.
Check out our association management page today to see more about what we can do for your community.
