In the Mid-West region of the USA, less than 40% of HOA residents are totally satisfied with the experience. That's not great news if you're a member of an HOA board in Lebanon, Ohio.
Most board members perform their duties voluntarily in their free time. So, it's disappointing to discover that these efforts aren't always appreciated.
Would you like to do better for your homeowners? Read on to find out how HOA management companies assist homeowners with meeting their residents' expectations.
HOA Companies Assist With Finance Management
HOA board members are elected volunteers who might not have the qualifications, expertise, or time to perform all their duties effectively. An HOA management company can help them stay on track by providing access to experienced professionals to carry out these tasks.
These include complex financial tasks like:
- Setting and managing budgets
- Accounting
- Tax preparation
Only board members may approve the annual budget and expenses, but a skilled accountant can offer helpful advice in this regard.
Should the HOA ever need legal assistance or advice, an HOA management service can put them in touch with legal experts who are well-versed in Ohio HOA laws.
HOA Management Companies Support Community Policies
An HOA management company provides personnel to perform routine office duties, like bookkeeping, answering correspondence, and managing complaints. They use the latest software to ensure accurate record-keeping, smooth communications, and effective service.
These professionals play an important support role in an HOA. They assist with:
- Arbitrating disputes
- Collecting late fees
- Policy enforcement
As a neutral third party, they can approach homeowners about contraventions. If necessary, they can levy fines without prejudice or fear of reprisals.
This relieves HOA board members of these time-consuming tasks and helps them avoid conflict with their neighbors. In some cases, an HOA manager can also step in as an arbitrator during board member disagreements.
An HOA Manager Preserves Property Values
Upholding an HOA's CC&Rs is pivotal to maintaining the aesthetics and operations of an HOA community. Most homeowners buy properties in an HOA because of the perceived value added by on-site amenities, community events, and effective management.
The HOA board must maintain the property so it meets their expectations.
An HOA manager will oversee routine maintenance and necessary repairs to ensure the HOA's onsite facilities stay in good working order. This helps prevent unnecessary repairs and replacements.
They carry out vendor management tasks like:
- Negotiating the best prices
- Managing access for contractors
- Monitoring the work
- Performing prompt payments
All these tasks help reduce the time burden on board members while preserving the HOA's appeal.
Get on Board With HOA Management Services
These are just a few of the services offered by HOA management companies. Most of these professionals offer a bouquet of additional services to help board members fulfill their duties.
PMI Buckeye Services can assist your HOA board with everything you need to ensure your HOA runs smoothly and keeps your homeowners happy.
Get in touch right away to discover how we can help you run your HOA in Lebanon, Ohio, the easy way.
