Homeowners associations have become very popular all over the US. According to REALTOR Magazine, more than 30% of homes in the US are within a managed community.
A homeowners association has various responsibilities and these help improve the quality of life for everyone in their communities. Unfortunately, these responsibilities can often be overwhelming. As a result, many HOAs are unable to keep up with them.
An association management company can offer assistance and support here. But what exactly can you expect from HOA manager services? Keep reading to find out.
Maintenance of Common Areas
HOAs typically contain various common areas. These are for the benefit of residents and often consist of things like:
- Gyms
- Parks
- Swimming pools
- Clubhouses
While all residents are responsible for the maintenance of their own homes, it's the HOA that needs to keep these common areas in good condition. A homeowners association management company can take over this responsibility instead.
They have plenty of experience with overseeing and organizing maintenance. On top of being able to oversee things efficiently, they may even be able to get better prices on maintenance work due to having good connections with various contractors and other service providers.
Administrative Duties
There are plenty of administrative tasks that the HOA board is responsible for. While these are often simple enough, they can take a lot of time. These include things like:
- Coordinating board meetings
- Creating and maintaining reports
- Organizing social events
- Planning agendas
- Answering calls and responding to messages
A company that offers HOA services can take over any of these duties to lighten the load for the HOA board.
Financial Planning
Managing finances is one of the most complicated tasks that HOA boards have to deal with. Boards are made up of community volunteers, and they often lack the skills or experience to manage finances effectively.
A professional HOA manager has a much better understanding of this. They have the training to deal with all financial aspects of an HOA such as:
- Collecting HOA fees
- Budgeting
- Organizing balance sheets
- Preparing financial reports
- Maintaining a reserve account
Having a professional association manager handle all of this will help ensure no mistakes are made. They may also be able to determine areas where costs can be reduced, saving the community money.
Policy Enforcement
HOA policies are fairly common, and the HOA board is responsible for establishing them. While this isn't too difficult, HOA boards often have a hard time enforcing these rules. This is because they generally have personal relationships with many of the residents.
An association manager can step in and help here. They don't have the same relationships with residents, so they can enforce policies without any biases. In doing so, they help keep things fair throughout the entire community.
Professional HOA Manager Services
An HOA community can be a great place for the residents, but for an HOA board to stay on top of everything, they may need some help. HOA manager services from a company like PMI Buckeye Services can prove invaluable.
We have years of expert experience and can cater our HOA management solutions to each specific community we help. Take a look at our association management page for more information on how we can help your community thrive.
