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Nearly 900,000 of Arizona's 2.8 million homes reside in homeowners associations.h
Being an HOA homeowner should come with a litany of benefits, from a comfortable community environment to high property values. When you're not getting these benefits, something's got to change with the HOA leadership structure.
One of the ways you can improve an HOA is by hiring HOA management services. Today, we'll explain what an HOA management company does for its clients. Keep reading and understand more about property management services and their benefits.
Professional Accounting
All community members are responsible for paying their monthly HOA dues. This money is combined to pay for everything a community might need, from road repairs to new amenities. If your community leaders aren't effectively managing this money, it won't go far enough to cover community needs.
When you have money mismanagement, it's the homeowners who suffer. In the end, fees will go up to compensate for the poor accounting practices of the HOA board.
Hiring community management will help you avoid this problem. They offer professional accounting services to cover fee collection, bookkeeping, and budgeting that improve the financial health of the HOA.
HOA Governance
HOAs all have rules and regulations in place to guide homeowners and establish some homogeneity. Some communities have rules around allowing rentals, while others have quiet hours.
Whatever your community's rules are, they're there to be followed by everyone. This is seldom the case, however. There are always rule-breakers.
It's how these bad actors are dealt with that sends a message to the greater community. A community manager will understand the legal grounds they have to punish and even foreclose upon a delinquent homeowner to preserve harmony in the community.
Vendor Coordination
Community maintenance is essential for the ongoing comfort and safety of community members. It also helps to bring more real estate investment interest into the community. When this happens, property values tend to go up, creating wealth for everyone.
You need your homeowner association representative to stay on top of vendor coordination. Whether it's weekly garbage removal or winter road repairs, a good HOA manager will have vendors there as needed to tackle the community's maintenance issues.
HOA Guidance
HOA managers can lead communities through HOA meetings. These meetings allow individual community members to voice their opinions about all community matters. If meetings aren't well organized, meetings will never bear fruit.
Community managers have plenty of experience running such meetings. All HOA members will have their opinions heard. Once meetings are complete, HOA management will put actions in place to adhere to the community's wishes.
Hire the Top HOA Management Services
These are a few of the main HOA management services. Hiring an HOA manager can transform your association, but only if you find one that gels with your HOA board.
PMI Phoenix Golden West is the city's top community manager. We're also part of the country's largest property management group. To learn more about our amazing services, which include everything mentioned here and more, contact us ASAP.
