Imagine spending all day reviewing the finances, completing maintenance requests, and then leaving to start your actual job. Your HOA's volunteers could experience burnout without help. Before that happens, hire an association management company (AMC).
An experienced AMC can ensure organization and efficiency. They'll handle tedious, time-consuming tasks, freeing up time in your busy schedule.
Stop chasing down member fees and read on to learn more about AMCs today!
What Is an AMC?
As a professional third party, an AMC can simplify managing an HOA on your behalf. Their services can help your community run more productively and efficiently. They can help your Ford Bent HOA with:
- Accounting and reporting
- Assessment collection
- Community communication
- Board member assistance
- Document management
- Compliance and inspections
- Maintenance requests
Fewer than 64% of HOA residents feel their HOA honestly handles the finances. An HOA manager can step in as a neutral third party. Residents could feel more comfortable allowing a professional to handle the accounting.
Another 31% of homeowners feel their HOA board has too much power. An HOA manager can step in to ensure fairness throughout the community.
You can leverage their expertise to make more informed decisions regarding your HOA. They'll even provide technology to ensure transparency for the entire community. Their professional services can help you mitigate risk and reduce liabilities.
Once you hire an AMC, you can determine the best way to ensure your HOA lives up to its full potential.
Improve Property Values
Look for AMCs with experience helping HOA communities grow. They can help you discover new ways to boost your community's property values. For example, they can improve the neighborhood's curb appeal.
About 99% of realtors say prioritizing curb appeal can help homes fetch higher prices on the market. It could add as much as 14% to a home's sale price.
An experienced AMC can refer you to local vendors. They'll complete maintenance requests in a timely manner. A well-maintained community is more desirable and therefore more valuable.
Expertise
Association managers can provide you with access to professionals and their resources. For example, perhaps your community needs legal help. Leveraging their legal expertise can help you avoid lawsuits or fines.
Working with their accounting team can improve the community's financial health.
Using these resources will keep your community organized and compliant.
Signs to Hire an AMC
You should hire an AMC if:
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- Volunteers are overwhelmed
- You're not finding quality vendors
- HOA members are concerned or unsatisfied
- Volunteers lack expertise
A property management company can help your community run more smoothly. When operations run smoothly, board members and residents are happier. You can focus more time and attention on finding new ways to grow your community.
Hire an Association Management Company
Your Fort Bend HOA won't thrive on its own. Enhance the community you live in by hiring an association management company. Their professional services will protect, maintain, and improve your community.
Want to hire an AMC right away? Look no further! PMI Fort Bend has nearly 20 years of industry experience helping HOAs like yours.
Contact us today to discover how we can benefit your community.
