According to Phoenix Agent magazine, the number of homeowners associations in Arizona has grown by 13% over the last decade.
If you've found yourself owning a home in an HOA, you were probably expecting a particular set of perks. There's also a good chance that you're somewhat disappointed by what your HOA has given you.
We don't make this claim without reason. There are widespread HOA problems across the country, many of which have been well documented. If your HOA isn't giving you what you need, it's time to hire a home owners association property management company.
In today's post, we'll explain what HOA management services entail, so keep reading and understand how they'll help your community grow.
What a Home Owners Association Property Management Company Does
HOA management services support your HOA board in effectively running the association. Effectively, they'll do whatever is needed, but some of the main responsibilities of HOA managers include:
HOA Accounting
HOAs are funded by the feed collected from individual homeowners. A lot of problems tend to arise when this money is mismanaged, which most often leads to higher HOA fees and frustrated HOA members.
An HOA property support service has professional accountants on staff. These folks will collect the fees, balance books, and develop budgets that make sense for the community's needs.
Governance
Governing entire communities is one of the trickier aspects of HOA management. The board is made up of volunteer homeowners, so it creates an uncomfortable power dynamic when board members are forced to penalize homeowners for breaking the rules.
An HOA manager can enter the picture and immediately handle bad actors. If need be, they can issue liens and even foreclose on delinquent homeowners to establish compliance among all homeowners.
Vendor Coordination
HOA maintenance depends on vendor coordination. You need local vendors to handle things like garbage and recycling pickup, gardening, and street cleanup. A community manager will ensure the right vendors have contracts in place and are scheduled as needed.
When you have a well-maintained community, it makes homeowners feel safe and comfortable. It also boosts property values because more real estate investors are interested in the community.
Meeting Organization
HOA meetings decide the direction of the community. To have fruitful meetings, you need leaders to be organized. A community manager is well-versed in running effective HOA meetings that ensure all voices are heard.
This is essential for the growth of the HOA. When everyone's pulling in the same direction and leadership is capable of seeing out the community's wishes, so much more can get done.
Let Us Help You Come Up with HOA Growth Strategies
When you select the right home owners association property management company, growth becomes attainable. Your community doesn't have to remain stagnant any longer. Choose PMI Phoenix Valley, the area's top option for property management for HOAs, and enjoy the perks of HOA growth.
We offer all of the services mentioned here and so much more. To receive more helpful HOA success tips and learn how we'll approach your community's rebuild, contact us today.
