Did you know that, as of 2022, there were over 360,000 community associations in the United States? HOAs continue to grow in popularity as a benefit for homeowners and renters.
If you are involved in homeowners association management, it may be in your best interest to work with a third party. Here are some of the many benefits of HOA property managers for your HOA.
Board Member Assistance
HOA board members have a lot on their plates. They often have to deal with complaints from community members, crafting and rolling out new policies, and hosting board meetings.
Luckily, HOA management services can do the heavy lifting. An HOA manager can help you organize a board meeting agenda and handle all kinds of issues with residents.
Enforcement of HOA Guidelines
Implementing rules and guidelines is one of the biggest challenges you face in community association management. Sometimes these can be easy, such as holiday decorating. Other times, they can be deeply unpopular but necessary.
Enforcing policy can be downright impossible if you manage a community with hundreds or even thousands of residents. Handing out citations and warnings in itself might be a full-time job.
Communicating Effectively
Communicating with HOA residents can be tricky. Do you use a website, a newsletter, or an online portal? How often should you send out blasts about updates and new regulations?
Professional HOA managers also handle resident correspondence. You'd be surprised how much of your day you can free up when you don't have to respond to messages and complaints.
Financial Management Services
HOAs often have to work with limited budgets. It can be difficult to walk the line between providing valuable support for a community and not wanting to raise the residents' dues every month.
Hiring HOA management services means outsourcing all of that work. In addition, a third-party HOA manager can run your numbers regularly and look at your financial statements.
These will give you a full picture of your HOA's financial position. Reports such as the income statement show you what you're spending money on, and where you can cut back to reduce expenses.
Routine Maintenance and Inspections
Regular property maintenance for an entire HOA community is a huge burden on community association management. Not only do you have to regularly inspect common areas, but you also have to ensure residents keep their properties up to code.
With third-party HOA property managers, you will not have to worry about responding to maintenance requests. They can handle every step of the process, from responding to the tenant to coordinating maintenance.
Work With HOA Property Managers Today
If you work for a homeowners association, you shouldn't have to worry about community association management. When you work with HOA property managers, you can streamline your success.
Do you need homeowners association management in Lebanon, OH? PMI Buckeye Services is here to assist you with all of your HOA responsibilities.
With features like our online portal and professional assistance, we're dedicated to helping you succeed. Reach out to us today to get started, or schedule a consultation.
