In a single year, Texas HOAs collected an estimated $8 billion in assessments. HOAs may seem like small neighborhood organizations, but the truth is that they wield a lot of power.
A well-oiled HOA works to the benefit of every resident. However, with so much money at stake, growing problems can lead to growing dissatisfaction in the community.
HOA property management is designed to step in and help your HOA reach its maximum potential. What can Dallas HOA management do for you? Read on to find out.
Improving Community Relations
When your HOA isn't running smoothly, you may start to notice a separation between your HOA board and your community members. One of the first things an HOA manager will do is repair that relationship.
One of the most important homeowners association tips we can offer is to give homeowners an easy way to communicate their feelings and ideas. An online portal, for example, makes it easy for homeowners to share their day-to-day thoughts. Opening meetings up to your community creates room for active dialogue.
Maximizing HOA Fee Usage
Next, it's time to take a look at how you're using your HOA fees. Financial mismanagement is one of the top concerns we hear about from homeowners.
HOA fees should cover community costs like the maintenance of neighborhood parks and the upkeep of community amenities. HOA property managers will assess not only the state of your community assets but the use of your budget. Once assessments are complete, they'll share a suggested annual budget for current improvements and emergency reserve funds.
Ensuring Compliance
An HOA should be considered with both internal and external compliance. Internal compliance refers to the community members' adherence to HOA bylaws and regulations. When a homeowner commits a violation, HOA property management can step in quickly and take appropriate measures to remedy the issue.
External compliance refers to an HOA's overall compliance with state laws. HOA property managers stay on top of all existing and new laws to ensure that their communities don't expose themselves to liabilities.
Overseeing Community Maintenance
HOA services in Dallas are ideal for any HOA that doesn't have the time, organization, or resources to keep up with HOA duties. That includes overseeing the use of fees for community maintenance.
An HOA property manager can find the right contractors and vendors to take care of your community. They can also schedule all preventative and emergency maintenance and verify that the job is completed. This allows community and board members alike to enjoy their amenities more often.
Get Dallas HOA Property Management with PMI Alliance
Though individual Texas HOAs may be small, community organizations across the state handle quite a bit of money. If your HOA isn't meeting community expectations, it's time to partner with HOA property management.
At PMI Alliance, we saw the growing need for community management and learned everything there is to know about community growth. We're one of the only property management companies in Dallas focusing 100% on HOAs. Contact us for our expert help and undivided assistance.
