The state of Texas is home to over 20,000 homeowners associations.
HOA living should provide homeowners with a wide set of perks. Sadly, many HOAs are ill-equipped to give community members what they need. If your association is run by an overworked group of volunteers who make up your HOA board, it might be time to seek reinforcements.
Today, we'll explain how a community association management company can enrich community living. Keep reading and you'll see that the simple act of bringing in HOA property managers can make all the difference in your community.
Help With Accounting
All HOA homeowners must pay HOA fees each month. These fees are pooled together to pay for everything the community needs, from regular maintenance to brand-new amenities. If the financial side of your community isn't professionally managed, you can run into problems.
An HOA manager brings professional accounting experience to the table. They'll handle fee collection, bookkeeping, and budgeting to create more financial health in your community.
Community Governance
Every HOA in the country has unique governing documents. Homeowners must abide by these rules and regulations to ensure harmony in the community. Of course, whenever you've got dozens of homeowners under a set of rules, you'll have rule breakers.
It can be difficult for the HOA board to keep bad actors in line, as it creates a power imbalance. Having a third party who can issue penalties, settle disputes, and diffuse tension in the community will improve everyone's level of happiness.
Vendor Coordination
HOA property maintenance is important for many reasons. Firstly, it ensures that all community members feel safe and comfortable in the neighborhood. The other thing it does is help maintain interest from outside investors, which boosts property values - HOA homes can be as much as 4% more valuable than non-HOA ones.
Maintenance comes down to vendor coordination. HOA management comes with built-in vendor relationships, from weekly recycling pickup to seasonal roofing and landscaping. Whatever a community needs, your HOA manager will have a vendor on call.
Helping Guide Communities
HOA meetings are important for promoting community cohesion. Getting everyone on the same page can be difficult, but regular organized meetings make it a bit simpler. If you don't have organized meetings, however, nothing will ever come to fruition.
An HOA management group can help run such meetings. They'll ensure that all community members are heard and that important matters are being discussed. Furthermore, they can enact the community's wishes after meetings are complete.
Getting a Community Association Management Company for Your HOA
This post just scratched the surface of what a community association management company can do. To get the best HOA services in Fort Worth, PMI Cross Timbers is the best choice.
We're a full-service HOA manager and part of one of the biggest property management firms in the country. When you bring us on board, you'll get all of the services mentioned here and more.
Contact us today to find out how we can take your HOA communtiy to new heights in 2024.
