There are over 360,000 homeowners associations in the country housing around 74 million Americans.
These people enjoy a certain standard of living that only people living in a community association can have. Common areas and amenities are well-maintained and each member abides by the same set of rules and regulations.
Of course, not all HOAs are built the same. If you're finding yours is lacking in any way, it might be time to hire community association management. In today's post, we'll look at three of the biggest benefits that these services bring to your Coppell, TX community.
Having a dedicated professional managing your HOA might sound like an extra expense, but keep reading and you'll see that it might just solve all the problems your HOA has.
1. Better Financial Health in Your HOA
One of the biggest responsibilities of an HOA board is to look after the financial health of the community. Unfortunately, this is a full-time job and your HOA board is likely made up of volunteers. If you don't have good accounting and budgeting, your HOA is going to suffer.
Community members pay their HOA dues each month. That money is used to take care of things like routine maintenance, repairs, and future projects. If your board isn't creating a strong annual budget and setting up contracts with local vendors, people will start wondering where their money is going.
An experienced HOA manager has the tools and expertise to deal with the financial side of running an HOA. You'll never have to worry that the landscaping can't be done or new projects can't be planned with an HOA manager at the helm.
2. More Organized HOA Meetings
HOA meetings come in two forms - board meetings and annual community meetings. Board meetings tackle the day-to-day running of the HOA, while annual meetings address the bigger picture and concerns homeowners might have.
With an HOA manager, community outreach will be more effective because meetings will be organized and efficient. The entire community will have its voice heard and the meeting will go a long way in establishing a community that homeowners actually want to live in.
3. Efficient Maintenance and Regulation Enforcement
HOA managers have built-in relationships with local vendors/contractors, who are essential to community maintenance. This ensures that routine maintenance, like garbage collection and landscaping, is always done promptly.
Another important aspect of HOA life is following a set of rules and regulations. With dozens of homeowners adhering to the same rules, you're always going to have conflict. An HOA manager will make the rules clear and reprimand homeowners who try to ignore the rules.
This all works to create greater harmony and happiness in the community.
It's Time for Community Association Management in Coppell, TX
Now that you understand some of the main benefits of community association management, it's time to tell you where to find it. PMI Cross Timbers is Coppell's top option for HOA management and self-managed services.
To learn more about what we do and how don't hesitate to contact us and speak with one of our representatives today.
