As many as 55% of Americans say they want to relocate. It's not easy to find the perfect place to live, and certain things can have a huge impact on how much someone enjoys their neighborhood.
Communities with homeowner's associations are typically more sought after. HOAs can offer a range of benefits that make a place better to live - though they often face challenges and require help. An association management company can support an HOA board to ensure they can make their community a better place to live for all residents.
Let's take a look at what association management companies do to help different communities.
Maintenance
An HOA board is responsible for maintenance tasks like landscaping and garbage collection. Association property management companies can assist them with this by organizing repair/maintenance work with contractors and other applicable parties.
They tend to have extensive networks, so they know exactly who to call when an issue comes up. They can also usually get good deals on services to help save your community money.
Managing Finances
When it comes to community finances, things can quickly get complicated. As HOA boards are typically made up of community members, it's likely that no one on yours has suitable experience with finances.
An association property manager will have relevant training and experience so they can deal with finances properly. This will ensure there are no mistakes or complications.
Legal Compliance
It's vital that a community doesn't breach any laws, and while most people understand the law on a basic level, it can get incredibly complicated - even more so than the finances. Similarly, it's very unlikely that anyone on the board has the knowledge or expertise to ensure the community and its members stay compliant.
An association manager, on the other hand, will have a much better understanding of any relevant laws. They'll be able to guide and advise your HOA board to ensure there are no legal issues.
Enforcing Policies
The HOA board will establish various policies that all residents must follow. These often refer to things like excessive noise and disruptive behavior. These rules are in place to keep the community fair and ensure everyone is happy.
Enforcing them isn't always easy, however. Board members often know many of the residents personally, and this can cause some biases. An association property management can enforce these rules while remaining objective to make sure people are following them and things remain fair.
Risk Reduction
Safety should always be a priority, and an association management company knows how to help maintain safety within a community. They can assess possible liabilities and lay out action plans to mitigate risk wherever it exists. They'll also communicate with residents to keep them informed about any safety risks.
Does Your Community Need an Association Management Company?
A select few HOA boards can handle all of their responsibilities without any outside help, but the majority will struggle to keep up. An association management company can take on several responsibilities to ensure a community is a great place to live.
PMI Bluebonnet Realty can help with this and much more. Get in touch with our team today to find out more about what we can do for your community.
