Nearly 60% of HOA members agree living in a neighborhood association makes their lives easier, says financial marketplace company LendingTree. Is managing the community making life easier for your neighborhood's volunteers, though? Instead of expecting them to operate alone, work with HOA property managers.
Their property management tips can help your community thrive. Making it a better place to live can boost the property value, leading to new members.
Not sure if you need help from an HOA management company? Read on to discover the HOA benefits they can offer!
Protect the Aesthetic
Potential members won't join your HOA if the community is falling apart. Allow your HOA manager to schedule regular inspections and routine maintenance. Their services will protect your beautiful community's aesthetic.
Their services may include:
- Coordination and management with Reserve Study
- Architectural request tracking
- Common area inspections
- Online maintenance and work order management
- 24-hour availability/on-call maintenance
- Vendor insurance tracking
- Management of maintenance plans
Your community members will feel confident knowing help is available 24/7. Improving the neighborhood with these services will encourage them to take pride in their community.
Boosting the community's curb appeal will lead to higher property values. By maintaining the community, your property managers will make it a better place to live.
HOA Governance
Your HOA board and community volunteers may not feel comfortable enforcing rules on neighbors and friends. Instead, allow an HOA property manager to step in. They'll ensure ongoing HOA governance.
Enforcing the community's Covenants, Conditions, and Restrictions will make it a fair, safe place to live. Your HOA manager will also track changes to local, state, and federal laws. Ongoing compliance can help you avoid fines and legal trouble.
Community Management
The best property managers can improve communication between members and the board. Increased communication and transparency will reduce disputes.
Your HOA property managers can provide members with access to an online portal. From there, residents can track upcoming events, maintenance projects, and more.
Volunteers won't have to answer dozens of calls and emails about the community. Instead, residents can find the information they need available online. This can foster a sense of harmony within the community.
Neighborhood Association Finances
According to Rocket Mortgage, fewer than two in three HOA residents think the board honestly handles the community's finances. Residents may feel more comfortable allowing a third party to step in instead. Your HOA manager can:
- Manage the HOA's budget
- Prepare and file tax returns
- Provide the board with financial records
- Assist with financial decision-making
- Process dues and fees
- Handle payroll for employees
These services will ensure the community's ongoing financial stability, leading to long-term growth.
Stress-Free Property Management Tips
Your community volunteers may feel burnt out trying to manage the community alone. Instead, give them the chance to enjoy living in their HOA. Outsourcing can reduce their stress and workload while increasing efficiency.
Hire Your HOA Property Managers
Your HOA volunteers don't have to manage the community solo. Instead, rely on experienced HOA property managers. Their services will help your community thrive in today's saturated market.
At PMI Peachtree, we take the time to recognize what makes each community unique. Trust our exceptional services and customized approach.
Our innovative, tailored services can help your community accomplish long-term goals. Contact us now for a free consultation.
