Some of the many signs of a bad neighborhood include poorly maintained homes and decay of public places. There may also be little to no community engagement. All of these things point to the idea that the people living there are not able to put in the time or effort to keep it clean and in good condition.
One way to avoid these issues is by utilizing an HOA management company. A homeowner association (HOA) makes and enforces rules for certain properties. Buying one of those properties automatically makes you a member.
Here are some reasons why HOA management services are important for the community.
Billing and Collections
The first responsibility of HOA management companies is to collect payments on behalf of the association. These payments go towards funding various amenities, maintaining public areas, and insurance policies.
HOA services often include billing residents, collecting dues, and issuing delinquent notices to residents. A management company handles all of these tasks to avoid otherwise aggressive collection policies.
Enforcing Community Policies
Another reason to utilize an HOA management company is so they can enforce some of your policies. These policies could be anything from curfew hours to littering.
Residents that violate these policies can be subject to varying fines and a potential lien placed against their property. Your HOA management company can help you avoid these legal difficulties on behalf of both parties.
Reduced Risk
An HOA is responsible for eliminating safety hazards and addressing risks on each property. They also protect residents in common areas, such as around pools or in barbecue areas.
A community management company can help regulate potential risk through rigorous assessments. They're better equipped to deal with all the problems that can come up. This includes neighborly disputes and suspicious behavior.
On top of that, the company will ensure that the HOA's insurance coverage is appropriate for the types of properties and the area they're in.
Site Management
Part of an HOA's role is helping homeowners maintain their properties.
For example, the HOA is the one that calls in for bulk trash and handles yard maintenance requests. They store outdoor equipment and ensure that common areas are kept in good condition. The HOA is also the one with the connections to vendors who take care of maintenance requests.
While an HOA isn't solely responsible for security measures, they can hire security guards to help protect common areas.
Your management company should come with all the resources and connections necessary to handle the management of your various properties.
Try an HOA Management Company Today
The reason you should try out an HOA management company is so you can do your job better. After all, an HOA's responsibility is to keep your neighborhood secure and in good condition. There's no shame in getting help performing your duty.
PMI Alliance specializes in Community Association Management in the Dallas, TX area. We also offer management services for self-managed associations. Contact us to learn more and request a bid online.
