31.1% of Arizona's homes sit in homeowners associations, according to data analyzed by Today's Homeowner.
Sadly, many of these community associations fail to live up to their members' expectations. If you're not getting the amenities, atmosphere, or simplicity that you were expecting from your HOA, it's down to poor leadership.
It's easy to blame your HOA board but remember that these people are volunteers who aren't necessarily equipped to do the job. By hiring a community management company, you can give your HOA board the support they need to thrive.
Keep reading and we'll explain the top 4 services professional community management offers.
1. Professional Accounting
A community needs strong accounting practices to make the most of the funds coming in through HOA dues. Each homeowner pays their dues, which are then pooled to pay for everything the community needs. Things won't happen this way if the HOA board doesn't have experienced accountants.
They'll end up having to raise HOA dues, which will undoubtedly anger community members. When you hire a community manager, they'll have experienced accountants on staff to tackle fee collection, book balancing, and budgeting. Once you have your accounts in order, you'll see the HOA thrive.
2. Understanding of HOA Governance
HOA managers have a deep understanding of how to govern a community for maximum compliance. Communities have governing documents that outline the rules and regulations members should live by. Some include rules around pets, while others have parking regulations.
No community is without rule-breakers, though. How these people are dealt with says a lot about a community's leadership. Many HOA board members fail to properly penalize bad actors because it can create an awkward power dynamic in the community.
One of the big community management benefits is that they have no problems with issuing penalties, fines, and liens to homeowners who don't obey the rules. What results is a more harmonious community for all.
3. Existing Vendor Relationships
Community maintenance is crucial, both for the ongoing comfort of residents and for the investment potential of the HOA. More interested investors means higher property values for everyone.
To maintain a community, you need the help of local vendors. A community manager brings existing vendor relationships to your HOA. Whatever your community needs at any given time, your HOA manager will have the right vendor scheduled and on contract.
4. Expert Guidance
The last big responsibility of a community management company that we'll discuss here is the expert guidance they provide to your HOA board. Your HOA board must act as a representative of the larger community, but they may need help with the minutiae of running an HOA.
Every step of the way, the community manager will be there to guide them and take on any tasks they need help with. It's an invaluable resource that puts power back into the community's hands.
Hire Phoenix's Top Community Management Company
These are 4 of the many responsibilities of a community management company. If you want the very best community manager to help your HOA, look no further than PMI San Tan.
We're the area's top HOA property management experts, offering everything discussed here and much more. We customize our services to meet the unique needs of your community. To learn more about our incredible services, contact us today.
