HOAs are becoming an increasingly common thing in neighborhoods in the United States. Homeowners enjoy how they bring a semblance of balance to neighborhoods and help keep them in great shape. That's why it's no surprise that HOAs now manage 358,000 neighborhoods.
The question is, do your HOA neighbors have the time to manage an HOA themselves? If not, HOA management companies are available to help. Here are some of the services they provide.
Enforce Rules
Rule enforcement is one of the most challenging parts of being on an HOA board. The rules of the HOA are there for neighborhood improvement. However, the HOA must enforce those rules if people don't do their part.
This can lead to awkward situations between neighbors. Luckily, an HOA management company is a neutral third party that can step in and take on this role. As a result, you can expect rule enforcement to happen and all residents to follow the rules.
Property Maintenance
One of the primary roles of an HOA is to maintain the community property. That means cutting grass, trimming trees, landscaping, and other maintenance tasks.
One of the benefits of HOA management is the access you get to reputable contractors. Your management company will coordinate on your HOA's behalf to schedule regular maintenance to keep the community looking great.
Administrative Work
There is a lot of administrative work that goes into running an HOA. It's a community organization, so it requires all members to work together to devise and implement community solutions.
HOA management companies can help the administration in several ways:
- Meeting schedules
- Resident communication
- Paperwork
- Community events
All of this is work your board doesn't need to do, leading to more free time for residents.
Financial Services
It's not cheap to run an HOA. These communities can grow large, which means they need a decent budget to keep things running.
You need great accounting to keep things running. One of the best HOA management benefits you'll see is the financial services offered. HOA property management will help you keep the books to ensure everything gets paid for and there is a reserve for emergency issues.
Legal Support
HOA laws can get complex. Although these organizations hold a lot of power, there are limits to what they can do. And if you aren't familiar with those rules, you may accidentally break the law and get into trouble.
Experienced HOA boards will help ensure your board doesn't break the law. They will run everything through a legal team to ensure everything is legal and doesn't result in problems.
HOA Management Companies Are Worth It
Running an HOA takes a ton of work. And the chances are good that you and the rest of the residents in your community may not have the time or energy to handle everything that needs to be done. Not that you understand the role of HOA management companies, make sure you reach out to one to get the help your community needs.
Are you ready to reach out to a management company for help? At PMI First SA Properties, we offer multiple HOA management services and community management tips that will help improve your neighborhood. Contact us to learn more.
