Getting a reliable HOA board together can be challenging for a community. You rely on your neighbors to volunteer their time and energy for little return. All of this may add stress residents may not want.
But you can remove that stress and hire professionals to run your HOA. Management companies offer a variety of services that can eliminate the need for community members to sacrifice their free time to run things.
But how exactly can HOA management companies help your community? Let's look at the answer to that question below.
Rule Enforcement
Most HOAs have many rules for homeowners. The issue comes with enforcement, where some community-run boards may hesitate to enforce the rules against their neighbors.
An experienced HOA management company will handle this for you. Your management company will familiarize itself with your current rules and make suggestions for enhancements. From there, they will handle enforcement and provide strong communication to ensure all community members follow the rules.
Site Management
Keeping a community looking great takes a lot of work. You need to manage the landscape, maintain shared facilities, and much more. A management company can help property maintenance in many ways:
- vendor management
- cleaning
- landscaping
- equipment storage
They will coordinate everything to ensure your HOA community looks great. This ensures the property value of the homes in the HOA stays high, community improvement continues, and you continue attracting great residents.
Financial Management
A big responsibility for an HOA is managing the budget. They must allocate funds for community maintenance and emergency situations that require a larger bankroll.
An experienced HOA management company can help with the accounting process. They will ensure your HOA has updated and correct books, making it easier to pay for community services and emergencies.
Bill Collection
Asking your neighbors for payments isn't the best experience. It can put strains on the relationship and lead to awkward situations.
Good HOA management companies handle this for you. They will put systems in place to collect dues, handle disputes, and handle other common billing issues. You can rely on them to properly collect money owed and ensure the HOA has the funds to handle its duties.
Legal Compliance
HOAs have a lot of power, but they do have limitations. Some community-run organizations may run afoul of the law and end up in trouble. The members don't have the legal knowledge to do things right.
Working with an experienced HOA management company means you can take advantage of their legal expertise. They will ensure your community does things right and complies with all legal requirements.
Hire HOA Management Companies
Whether in a small group or managing an HOA on your own, there is more work than many people think is needed to properly manage a community. Much of the time, communities are better off hiring experienced HOA management companies to take on the hard work.
At PMI Cascade, we offer a number of services for HOAs that need help with their management needs. Whether it's financial management or building maintenance, our team has all the tools you need for proper HOA management. Contact us today to learn more about how we can help.
