If you live in one of Pennsylvania's 6,800 homeowners associations, there's a very good chance you're unsatisfied.
There's an epidemic of poorly run HOAs in our country. Talk to someone from one community and they're totally happy with what they get from their association. Talk to another and they'll have nothing but complaints.
An association is only as successful as its leadership allows it to be. If you're struggling with yours, hiring association management is the only option. Keep reading and we'll explain the HOA management strategies and practices a good community manager will use to take your HOA to new heights.
Accounting Services
Among the most important responsibilities of HOA leadership is accounting services. Each homeowner pays a monthly fee - these are known as "HOA fees" - which are then pooled to pay for everything a community does and needs.
If money is poorly managed, there's a good chance your community won't have enough funds to cover important expenses. The next step is to hike individual HOA fees, which will anger almost everyone in the community.
HOA property management solutions take accounting very seriously. Your manager will collect fees, tackle bookkeeping, and create budgets that ensure the financial health of your association.
Successful Community Governance
Governance is a tricky thing in these communities. Because HOA board members are simply volunteer homeowners, it can create an uncomfortable power dynamic when they enforce the governing documents.
Problems inevitably arise from this, since bad actors are left to do whatever they want without fear of punishment. This only serves to empower these rulebreakers and infuriate everyone else.
An HOA manager has no problem issuing fines, liens, and even foreclosure on those who fail to contribute or actively damage the community. Compliance will be a non-issue and the community can enjoy more harmony.
Vendor Coordination
HOA maintenance is important for a couple of reasons. First, it ensures that homeowners feel safe and comfortable in their neighborhood. Second, it helps to bring interest from outside investors.
When people want to buy into your HOA, property values go up. Some associations have property values nearly 5% higher than non-HOA properties.
To enjoy this perk, you need good vendor coordination. An HOA property manager brings existing vendor relationships to your community. Whether you need weekly recycling pickup or snow removal, the right vendor is one call away.
Meeting Leadership
HOA meetings help decide the community's future, but to do so, they must be well organized. When meetings are chaotic, it's hard to come to any meaningful decisions. If a community isn't all pulling in the same direction, chaos ensues.
Enhancing community associations with HOA management is possible because they know how communities work. They'll run organized meetings that ensure all voices are heard. Once meetings are adjourned, they'll enact the community's wishes.
Get the Top Association Management in Philly
These are a few community management tips that demonstrate how crucial association management is. If your Philadelphia community needs a bit of extra help getting on the right path, PMI Greater Philadelphia has the answers.
We're a full-service HOA management group and part of the country's largest property management service. Contact us today to discuss your HOA's needs.
