Is your homeowners association as well-governed as you'd like it to be?
Nearly a quarter of the country's homeowners reside in homeowners associations, according to a GlobeNewswire report. However, only a small percentage of those are actually happy with what their HOA gives them. If your community is suffering because of poor leadership, it's time to make a change.
Bringing a home owners association property management company on board to provide governance and HOA board support can quickly turn things around for your community. Keep reading and learn what they'll do to govern and support your community properly.
The Issue with HOA Governance
All homeowners associations have a set of governing documents that explain the rules and regulations in the community. Homeowners must follow these regulations or be subject to consequences of varying severity.
Some communities have rules restricting pets and rentals, while others have rules around parking and landscaping. When you buy into an HOA, your community's rules should be clearly outlined for you.
Problems with governance tend to arise when HOA leadership fails to penalize bad actors. It's important to remember that HOA board members are volunteers, not paid experts. They often feel uncomfortable issuing penalties to their neighbors, as it creates a power dynamic in the community.
When rule breakers go unpunished, it sends a message to the larger community that the regulations don't matter. Not only will this frustrate other homeowners, but it can lead to chaos in the community.
How a Home Owners Association Property Management Company Governs
This is where HOA management can help. Property management companies are well-versed in HOA governance. They'll bring an understanding of state laws and examine your unique regulations to come up with ways to provide better HOA board support.
When community members break the rules, the HOA manager will hold them accountable. Each infraction will be served with a sensible penalty. It could be something as minor as a small fine for landscaping problems or as major as issuing an HOA lien for delinquent payments.
The result of better governance is a sense of community well-being. You'll see a community that's on the same page with members that respect each other.
Communication in an HOA
Another way that HOA managers support communities is with proper communication. They'll hold regular HOA meetings that allow homeowners to raise questions and concerns about things like governance.
If homeowners have problems with some regulations, they can always bring it up in meetings. The HOA manager will allow everyone's voice to be heard so that meaningful change can occur. This is yet another way that HOA management establishes cohesion in communities.
Get the Best HOA Manager in Lebanon
HOA governance can be difficult. If you've got a community in disarray, bringing in a home owners association property management company is the best path forward. They'll ensure your community is run like a well-oiled machine from now on.
For those in Lebanon, OH, the best option for HOA management is PMI Buckeye Services. We've helped countless HOAs with governance, as well as maintenance and accounting. Contact us today to learn what we can do for your community.
