As it stands, about 25-27% of the US population lives in managed communities.
Homeowners associations oversee various aspects of a community. They help make it a better place for residents and a more desirable place to live. HOA boards, however, often struggle to stay on top of all of their responsibilities.
This is where HOA manager services come in. They can guide and assist HOA boards so that they're able to keep up with all of their duties. This results in a community that thrives.
Read on for a rundown of some of the key benefits of hiring an HOA management service.
Communal Area Upkeep
One of the main things that makes an HOA community a desirable place to live is the area as a whole. When looking for a home, buyers don't just consider a property, but also the surrounding area.
Association management companies take care of any landscaping, keeping grass areas cut and bushes trimmed, for example. They also oversee any maintenance for common areas.
These often include things like gyms, pools, and parks. All residents can use them, and an association manager can ensure they're always in a good state.
Financing and Accounting
One of the most complex responsibilities that HOA boards have is managing finances. HOA boards are made up of members of the community, and it's uncommon for any of them to have suitable experience to deal with finances effectively.
Association managers, on the other hand, know how to deal with this. They can take care of any accounting and budgeting.
This will help keep mistakes to a minimum and typically results in saved funds. They can then use these funds effectively to further benefit the community.
Policy Enforcement
A homeowners association must set certain HOA rules and regulations that all HOA homeowners need to follow. These typically relate to things like behavior that can cause a disturbance or alterations people can make to their homes. The purpose is to maintain the appeal of the neighborhood and keep things fair for everyone.
HOA board members often struggle to enforce these rules, however. This is because they usually know a lot of residents on a personal level, and these relationships can get in the way of handing out punishments.
HOA management companies are impartial. They can enforce policies without any personal biases getting in the way. This ensures fair treatment for everyone.
Legal Assistance
Something else that can get very complex is legal matters. Unless a board member has an extensive background in property law, they'll struggle to deal with any legal issues that arise.
An association manager can provide guidance in such situations. They have suitable expertise and access to resources that can help the HOA with any legal matters.
Professional HOA Manager Services
HOA living can be great, but things aren't always easy. If an HOA board becomes overwhelmed, they may need assistance from professional HOA manager services.
PMI Reliance provides these services to communities in Suwanee and the surrounding area. We're under the PMI brand which has been the fastest growing real estate management company in the US over the last 20 years. Take a look at our association management page to find out more about how we can help your community.
