Your community association volunteers spend hours every week fielding calls, organizing documents, planning projects, and budgeting. They could be spending that time with loved ones instead! With help from an association manager, you can ensure your community's success without experiencing additional stress.
How exactly can a manager help your Austin, TX community? Read on to discover the responsibilities they can cover!
Texas has one of the highest concentrations of HOAs in the US. There are about 20,000 homeowners associations (home to over 5.5 million people) in Texas. If you want your community to stand out from the rest, you need to keep it maintained.
Hiring the wrong contractors could do more harm than good. Your association manager will already know of the best contractors in Austin. They'll even gather bids to help you find the best prices.
Choosing the best vendors at the best prices will ensure better results and help the community save money.
Maintaining the community can make it a more desirable place to live. It can also boost the property value of homes in the neighborhood. If you want to attract new homeowners, boosting the community's aesthetic appeal can make all the difference.
General administration tasks can become stressful and time-consuming. The best managers have top-notch organizational skills. They can help by:
- Reviewing policies
- Making recommendations for implementation
- Providing a high level of customer service
- Answering calls and emails
- Organizing documents
- Maintaining records
They can help the community meet higher environmental standards. Improving the community's energy conservation can save everyone money.
The value of homes in community associations has reached $7.2 trillion. Roughly $96 billion in assessments is collected every year to fund essential maintenance. If you're not tracking the community's finances, it could lead to issues later.
The best community association management company can offer financial services.
They'll review the association's current financial position to make informed recommendations for improvement. They can also report on the financial statement and monitor the budget. Their services can help forecast future expenses.
With their help, you can prepare tax returns and other reports.
Neglecting local housing laws could lead to serious fines. Look for a manager who can provide legal help. They'll ensure the community complies with governing documents and state laws.
Compliance will save the community money.
Ensuring internal communication will increase transparency between the board and community members. Otherwise, members could grow frustrated.
Your manager can centralize communications. They can offer community members access to an online portal for instant updates.
They'll also become the go-to point of contact for the board and community members.
Hire an Austin, TX Association Manager
Volunteers shouldn't have to dedicate hours of their valuable time to the community without help. Instead, consider hiring an association manager. Allowing them to take on these responsibilities will save everyone time and money.
Want to hire the best manager in Austin? PMI Silicon Hills has over 20 years of experience helping associations like yours. We can help your association thrive!
Contact us today to learn more about how our services can benefit your community.