Nearly 90 percent of those living under a community association management company told a recent Community Foundation Association Research survey that it's been a good experience. Many choose a community HOA because they can avoid doing certain tasks and enjoy one set of standards for their neighborhood.
Things an HOA management company can do for your community include collecting dues, working with the HOA board, and overseeing vendors. Moreover, they act as a point of contact for your community HOA.
Here's more on what a community association managment company can do for your community.
Collecting Dues
The average fees for an HOA run between $200 and $300 monthly. It's incumbent upon an HOA manager to set up a system to collect HOA fees. Ways to collect HOA dues include bank withdrawals, traditional checks, and even an app.
Dues are essential for the upkeep of the entire community and to pay the bills.
In some cases, residents do get behind on HOA fees. It's up to the HOA management company and the HOA board to determine how to collect outstanding payments. You could place a lien on the property or even take them to court.
Work With the HOA Board
The HOA board sets the by-laws - the rules and regulations - that people living within the HOA must follow. Rules run the gambit from quiet hours to trash pickup to tree removal.
The HOA manager works with the board to determine the rules and enforcement.
Moreover, they also work with the HOA board to set up and hold meetings (whether monthly or bi-monthly) and election of officers. They also help with the HOA budget.
Oversee Vendors
A homeowners association outsources trash pickup, landscapers, paving crews, and roofing contractors. The property management team negotiates these contracts.
Vendors impact the HOA budget. The HOA has to be careful not to overspend money it doesn't have; they must also prepare for cost overruns.
If a situation arises when a contractor damages property or fails to do the job properly, the HOA manager deals with the issue.
Point of Contact
HOA managers act as the point person. They answer calls, emails, and text messages when issues arise. An HOA manager responds to power outages, downed trees, and disagreements between neighbors.
The HOA gets the ball rolling on clean-up and moving forward when there's a disaster or emergency.
HOA managers are also leaders. Communication, negotiation, and empathy are all part of their makeup.
Community Association Management Company Benefits
Communication association management company benefits include collecting dues, working with the HOA board, and overseeing vendors. Moreover, they act as a point of contact for your community HOA. You will soon see how a professional management team can make your HOA a better place to live!
Hire the best property management team in Philadelphia! Our skilled professionals know how to work with vendors, HOA boards and keep your community in tip-top shape. Allow your property values to rise faster with a professional management team.
