Homeowners associations have become very popular in the US, and according to Austin American Statesmen, there are more than 21,000 managed communities in Texas alone.
HOA boards take on various duties and the result is a better quality of life for residents in their communities. Even with the best HOA management tips, however, HOA boards often struggle to stay on top of everything. One of the best things to do in such a situation is to find an HOA property manager.
If your community knows how to choose an HOA manager, you can improve operations to make things easier for the board, resulting in a more prosperous community. So what exactly does an HOA property manager do? Keep reading to find out.
Common Area Maintenance
In an HOA community, residents are typically responsible for looking after their own properties. However, when it comes to common areas, things fall to the HOA board. These common areas can vary, and often include things like:
- Fitness centers
- Swimming pools
- Art studios
- Parks
- Clubhouses
HOA managers tend to have plenty of experience organizing maintenance. They can ensure all common areas are safe and presentable so that residents can use them at any time. Association managers often have networks of contractors and service providers, and can sometimes even get better deals on these services to save community funds.
Administrative Tasks
HOA boards typically need to take care of various administrative tasks. While these are usually easy enough to deal with, they can take a lot of time. Board members may then not be able to take care of other important duties.
An HOA manager can take care of these instead. Common tasks they can perform include:
- Organizing board meetings
- Answering calls and responding to messages
- Creating and maintaining records of meetings
- Facilitating communication between residents and board members
- Organizing community events
- More
An experienced HOA manager can often deal with these tasks more efficiently, helping save more time overall.
Financial Management
One of the more complicated duties that fall to HOA boards is financial management. In many cases, board members don't have relevant experience and can struggle to do this properly. As such, it's often best to leave this to a trained HOA manager.
An HOA manager can:
- Create budgets
- Collect HOA fees
- Maintain financial records
- Track expenses throughout the year
Due to the complexity of these, someone without the right experience could easily make mistakes here, and these could be very costly for your community. One of the key qualities of a good HOA manager is attention to detail. They'll keep the risk of errors to a minimum and may be able to identify ways for your community to save money.
Hiring a Professional HOA Property Manager
An HOA board can do a lot for their community, but their best chance of success is to work with an experienced HOA property manager. They can take on various duties and provide invaluable guidance to the HOA board.
PMI Alliance provides top-quality HOA community management services throughout Dallas. Our experienced HOA managers use state-of-the-art technology to provide exceptional service that can help your community thrive. Take a look at our association management page to find out more.
