Have your HOA members started experiencing burnout? Though there are over 18,7400 homeowners associations in America, most don't operate alone. Your HOA board and volunteers should get the chance to enjoy living in an HOA.
With help from a homeowners association management company, they can! Recognizing your HOA management options can help you elevate your community.
Not convinced you need HOA management services? Read on to discover how an HOA manager can support your community today!
Administrative Tasks
Imagine a day in the life of your HOA board or HOA volunteers. How many hours a day do they dedicate to the betterment of their community? The 2.5 million community volunteers in the US complete 98.5 million volunteer service hours every year.
Their administrative office duties can occupy the bulk of their time. You can automate many of these processes to save time and avoid human error.
Look for HOA management options that offer access to state-of-the-art technology. Their services can improve your team's productivity. Their administrative services can cover:
- Planning agendas and events
- Assisting the HOA with budgeting
- Coordinating board meetings
- Answering emails, voicemails, and phone calls
- Creating and maintaining reports
- Assisting with accounting and invoicing
Your HOA property manager can communicate with residents and interested members. Keeping communication open between residents can help you avoid upsetting homeowners. Your HOA manager can create an online portal to share information.
Ensuring transparency between members will foster a more harmonious community. Residents can keep up with events, news, and rules without worrying the HOA board is hiding information.
Financial Management
Your community's financial health is essential to your future growth and success. If your HOA board members lack a background in accounting, work with a property management company. Otherwise, mishandling funds could lead to upset community members.
Your HOA property manager can:
- Maintain records
- Create an annual budget
- Execute financial tasks
They can use software to ensure accuracy. Members can access these reports using an online portal.
Policy Enforcement
To maintain order throughout your homeowners association, everyone should adhere to the governing documents. These documents can:
- Provide clear guidance
- Resolve disputes
- Enhance safety
- Preserve community aesthetics
- Promote property value preservation
Enforcing the rules and regulations can feel challenging when friends or neighbors aren't complying. Allowing your HOA property manager to step in as a third party.
Vendor Coordination
Scheduling maintenance and inspections can further promote property value preservation. Preserving the community can boost property values.
Your property manager can hire and coordinate vendors. They'll solicit competitive bids to ensure you get the best value without sacrificing quality services.
Choose Homeowners Association Management
Your HOA volunteers don't have to complete these essential responsibilities alone. Instead, hire a homeowners association management company. Their professional services can set your community up for long-term success.
PMI Alliance has 20 years of industry experience helping communities like yours thrive. We can improve your community's property values with our full range of services.
We're the top property management company (with the awards to prove it). Contact us today to discover how we can help enhance your homeowners association.
