26% of the American population live in HOAs in 2023.
There are countless perks to living in a homeowners association, but you need the right leadership in place to take full advantage of them. When you find your HOA board falling behind the 8-ball, it might be time to hire HOA property management.
In today's post, we'll take an in-depth look at HOA property management and all that it provides. It's important to have a full understanding of these services before you hire them, so read on and educate yourself in order to enhance the quality of your HOA ASAP.
What Is HOA Property Management?
HOA property management works in conjunction with your HOA board to provide ample service to the community. When you live in an HOA, certain things are taken care of, such as daily maintenance, enforcement of rules, financial management, and other administrative tasks.
Property management aids the HOA in offering these services, helping the community run more efficiently. Let's take a look at some of the main duties of an HOA property manager.
Amenity Maintenance
HOA communities are usually equipped with various amenities that improve the quality of life for members. Yours might have a community pool, dog park, playground, or fitness center.
One of the main duties of an HOA property manager will be to maintain these amenities. What they can't maintain and repair in-house will be outsourced to a third-party vendor.
Landscape Upkeep
Similarly, HOA members enjoy well-landscaped yards and common areas. This kind of upkeep is the HOA's responsibility, but it's not always a priority for a busy HOA board. If you've noticed lackluster landscaping in your community, an HOA manager can help.
With good landscaping management, your HOA will be safer, cleaner, and more visually appealing. All of this works to improve the quality of life in the HOA while boosting the value of homes.
Financial Management
Financial management is an important part of being in an HOA. When you pay your HOA fees, they're supposed to go directly into the community to handle landscaping, security, and other improvements.
You should never question where your HOA fees are going and you should always have your voice heard in annual HOA meetings. An HOA management company will take care of financial management to ensure money is being spent responsibly.
Neighborhood Security
Neighborhood security is one of the reasons homeowners decide to live in HOAs. These communities are meant to be safe and secure, but sometimes those within the community bend the rules.
A chief responsibility of an HOA manager is to provide legal expertise, enforce rules, and issue penalties for bad behavior. They can also help to resolve disputes between homeowners to boost harmony in the community.
Time for HOA Property Management
Now that you understand the role of HOA property management in the community, it's easy to see how beneficial it can be. An HOA property manager will streamline things and make your HOA a better place to live, but you've got to find the right company to help.
PMI Silicon Hills is one of the top property management services in the country. Contact us today to discuss your HOA's needs and how we can help satisfy them.
