There are over 15,000 homeowners associations in North Carolina alone.
If you own property in an HOA, you might wonder why your community doesn't thrive like others do. The fact of the matter is that community associations are dependent on the people running them. When your HOA board of directors isn't cutting it, the entire community suffers.
In today's post, we'll explain how community managers can help improve your HOA. Keep reading and you'll see that an injection of professionalism is the best way to put your community on the right track.
Accounting Services
All HOA homeowners pay their monthly dues in order to enjoy community living. These dues are pooled together to pay for everything your community needs, from regular maintenance to new amenities.
If your HOA board doesn't have a treasurer with accounting experience, the fees won't go as far as they should. In the end, fees will start to rise to compensate and property values could even fall.
An HOA management company has experienced accountants on staff. These people can handle fee collection, bookkeeping, and budgeting to ensure the financial health of your HOA.
Promoting Respectful Communication
HOA meetings bring communities together to deal with important matters. As long as meetings are thorough and organized, the community can move forward. When they're not organized, they'll never be fruitful.
A community manager has plenty of experience running effective meetings. They'll ensure all voices are heard and when important decisions are made, they'll help enact the community's wishes.
Enforcing HOA Guidelines
All HOA homeowners must abide by the community's governing documents. These outline the rules and regulations in the community, covering things like rentals, pet allowances, and landscaping.
Whenever you gather dozens of homeowners under a set of rules, you'll have rule breakers. HOA board members often have difficulty keeping bad actors in line, but this isn't the case with an HOA manager.
Your management will ensure that everyone is complying with the rules. They'll issue penalties when needed and deal with community disputes to guarantee greater harmony.
Vendor Coordination
HOA maintenance is essential for numerous reasons. Firstly, it's important to ensure the safety and comfort of your HOA's residents. Second, it keeps new investors interested in the community, which can drive up property values - HOA properties can be as much as 4% more valuable than non-HOA ones.
Maintenance ultimately comes down to vendor coordination. An HOA manager brings vendor relationships to your HOA so you don't have to think about it. Important HOA vendors include landscapers, garbage pickup, and contractors.
Get the Best Community Managers in Fayetteville
Now that you know what community managers bring to the table, it's time to tell you about the best services in Fayetteville. PMI All American is one of North Carolina's top HOA management firms. Our services cover everything discussed here and more.
If your community association isn't giving you everything you want, you don't have to settle for it. Contact us today to discuss your community's needs and we'll show you what running a professional community is really like.
