If your HOA needs a bit of help to give the community what it deserves, try hiring an association manager.
Millions of Texans live in HOAs, but not all of them are created equal. There are plenty of much-publicized examples of HOAs gone bad. Often, this is the result of poor management that fails to look after the interests of all community members.
When you're unsatisfied with your HOA board, you've got options. An association manager can bring a fresh perspective and professional capabilities to your community. Keep reading, as today we'll discuss the role of an association manager, namely their key responsibilities and skills.
Help Make Your HOA Financially Stable
One reason to purchase a home in an HOA is that it comes with higher-than-average property values. A home in an HOA can have a property value as much as 4% higher than a similar home outside an HOA.
Having high property values is predicated on the fact that these communities are safe, organized, and forward-thinking. To have this kind of idyllic community, the HOA's money has to be properly managed.
An HOA manager comes with accounting expertise. With proper budgeting and bookkeeping, they'll keep property values high and HOA fees low, which benefits everyone.
Run HOA Meetings
The direction an HOA is heading should be decided by the community. Big decisions are always discussed at annual HOA meetings, with the smaller day-to-day decisions tackled at HOA board meetings.
If these meetings are unorganized, decisions can't be made, and the community won't move forward. An HOA management company can help you run professional HOA meetings that achieve results.
Seamless Vendor Management
One of the biggest perks of living in an HOA is having tedious things dealt with, like garbage removal and landscaping. Another perk is having access to unique amenities that are available only to members of the HOA.
Whether you're talking about community maintenance or amenities, vendor management plays a big role. Your HOA leadership needs to build relationships with local vendors to ensure all important maintenance is done.
If they fail to do this, you could end up with trash piling up or potholes getting worse over time. In the end, this will lower property values and anger community members.
When you hire an HOA manager, they'll come with built-in vendor relationships. Whatever the community needs, a solution is always a phone call away.
Enforce HOA Rules and Laws
Lastly, HOA managers deal with governance and compliance. Every HOA has a set of rules that are outlined in the governing documents. If HOA laws are broken, some form of punishment must ensue to maintain compliance in the future.
With a compassionate approach, your HOA manager will handle compliance issues and help mediate disputes between homeowners. The result is a more harmonious community.
Get the Right Association Manager for Your Fort Worth HOA
These are a few of the main responsibilities of an association manager. If your Coppell HOA is struggling to become the community it can be, hiring a reputable HOA manager will surely help.
For the best HOA management in Coppell/Fort Worth, PMI Cross Timbers is your best bet. Contact us today to learn more about our services and what we can do to improve your community.
