Nearly 60% of new single-family homes and 80% of houses in subdivisions are part of an HOA. Volunteers don't always have time to dedicate to HOA board responsibilities, though. If your HOA community needs help, consider community association management services.
Here are three tasks an HOA property management company can cover for your community. After reading this guide, you can determine if an HOA company offers the help you need.
Make an informed choice for your community today.
1. Billing
Your HOA company can operate as a third party regarding financial responsibilities. For example, they can collect payments from residents. It's sometimes awkward for community members to request payments from friends and neighbors.
Your HOA property management company can enforce your collection policy. They'll also handle delinquencies on your behalf.
Monthly HOA fees can range between $200 and $300, covering:
- Utilities for common areas
- Fire alarm systems
- Trash removal
- Pools
- Clubhouses
- Entertainment centers
- Community parks
- Gates/security
- Pest control
An HOA company can handle delicate situations or problem accounts.
In addition to collecting HOA fees, your HOA company can also coordinate with the board's financial or legal counsel when necessary.
2. Enforcing Policies
The best community association management company will enforce community policies.
They'll remain up-to-date regarding community covenants, conditions, and restrictions. They'll also implement these policies and guidelines. Allowing a third party to enforce these rules can help you avoid awkward situations.
Ensuring all residents comply with policies and procedures will keep things fair within your community.
When your HOA board makes new decisions, the management company will ensure all community members comply. They can also send out notices regarding new decisions and policies.
It's important to keep all lines of communication open between residents. Your HOA community management company will ensure everyone has accurate information. Look for a company that utilizes technology.
Their readily available platform will ensure residents receive updates in a timely manner.
3. Site Management
The best HOA company will help manage your community. They'll cover everything from administrative tasks to maintenance requests.
For example, your HOA company can handle:
- Trash collection
- Storing outdoor equipment
- Tending to common areas
- Regulating vendors
Allowing a third party to handle vendor management can ensure the best vendors in Brandon are on the job. An experienced HOA company already has a list of qualified vendors they can count on. They'll act as the primary point of contact when vendors are needed for projects.
Your HOA manager will solicit competing bids from vendors. They can help you save money by finding the best teams at the best prices.
Request Community Association Management
You don't have to juggle multiple tasks as an HOA community volunteer. Instead, ask for help from an experienced community association management company. An experienced team can help your HOA community thrive.
Allowing them to take on some of your daily tasks can save you time and energy. You'll have peace of mind knowing a qualified team is on the job.
Ready to pass these tasks on to an HOA property management company? We're here for you.
Contact us today to learn how we can help.
