Are you a volunteer, offering what little free time you have to support your homeowner's association? Your HOA board doesn't have to do it all alone! Instead, consider requesting professional HOA management services.
An experienced HOA management company can help your community thrive. They'll implement HOA software to save you time and review the budget to save you money. That's only the start!
Read on to learn what to expect from your HOA management company today!
Administration
To keep your HOA running effectively, it's important to keep up with daily administrative work. An experienced property management can:
- Handle membership inquiries
- Organize and attend membership meetings
- Obtain competitive bids
- Select insurance providers and policies
- Monitor local and national laws
- Communicate with authorities
- Post minutes, notices, and newsletters online
- Maintain files and records
- Return calls and emails
- Prepare the annual budget
These daily tasks can steal time from your already busy schedule. Outsourcing to an association management company will allow you to focus on bigger projects.
Allowing a property manager to handle these tasks can ensure efficiency and organization. They'll review your HOA's bylaws on day one to ensure residents are complying. They can enforce your Declaration of Covenants and Restrictions by corresponding with homeowners.
You'll have peace of mind knowing a professional is on top of these otherwise daunting tasks. Meanwhile, someone will always remain available to help current and future residents.
Budget Management
About 64% of HOA residents worry their HOA doesn't honestly handle the finances. Unfortunately, many HOAs have increased their dues by 300% in the last year. If you're struggling with the HOA's finances, hire a management company.
Your HOA management company can assist with:
- Accounting and reporting
- Rent collection
- Tenant placement
- Retail vacancy marketing
- Property maintenance and compliance
Without help, you could encounter compliance issues, HOA liens, and fines. Perhaps you're struggling to update homeowners. The best companies use HOA software and portals to keep everyone up-to-date.
Maintenance and Repairs
About 29% of the US population (74.2 million Americans) live in a homeowners association. These properties can experience wear and tear without proper maintenance. Keeping up with maintenance and repairs can add value to your community.
Your property management can manage online requests and work orders. They can find the best vendors in Spring Branch at the best prices.
As part of their maintenance and building management services, they'll also inspect shared community areas. Maintaining these areas can make your neighborhood a better place to live.
As your community becomes a more desirable place to live, property values will rise. You'll have an easier time attracting new homeowners as well!
Request HOA Management Services Today
Your community's volunteers don't have to manage the HOA alone. Instead, request HOA management services in Spring Branch. A professional team will save you time and money in the long run.
PMI Bluebonnet Realty is a nationally recognized real estate management team with years of industry experience. Our proven processes and procedures can help your community thrive. Contact us today to discover how we can support your community.
