It's estimated that as many as 74.2 million Americans live in a homeowner's association community. HOAs have the potential to add a lot of value to property communities. Unfortunately, that's not always the case.
If the HOA board mismanages things it can result in a huge waste of expensive fees for homeowners. If you aren't satisfied with your board, or your community is growing at a fast rate, you should consider a community association management company.
But what is this community association management? And how can they help your community? In this guide, we'll answer these questions so you can decide if they're the right choice for your HOA.
What Is Community Association Management?
It's easy for volunteer HOA board members to get overwhelmed by their duties. That's why many choose to bring on a community association management professional.
These individuals will handle most of the day-to-day duties required of the HOA. These community management services include things like:
- Coordinating with vendors
- Collecting fees
- Maintenance of common areas
- Handling disputes and enforcing the rules
- Accounting
While a community association manager can do a lot, some things should still be left on the board. This includes things like new community developments, setting the budget, and creating new rules.
How Can It Help Drive Growth in HOA Communities?
There are plenty of HOA manager benefits, but it's particularly valuable for growing communities. When HOA communities grow, the volunteer board is often spread too thin.
This can cause tasks to be neglected which affects the quality of the community. An HOA manager is a scalable solution to this problem. If you need more help, the company can easily scale up to provide it to you.
Not only that, but they allow the board to focus on big-picture improvements, like community growth strategies. These might include things like pools or playgrounds. These things can attract even more homeowners which means a larger community.
How to Find a Good Association Management Company
When looking for a good association property management company the main thing you want to look for is experience. Specifically, you want a company with extensive experience in the Fort Bend area.
That way, they know the ins and outs of the local laws. For example, they'll need to upload a management certificate with the city to help with your HOA. Before you make a decision, you should also meet with the people who will be managing.
Ask yourself, Do they seem like a good fit for the HOA? Good association management experts will be both interested in your community and eager to provide any help you might need.
Need a Community Association Management Company? Contact PMI Fort Bend
We hope this guide helped you learn more about a community association management company. Here at PMI Fort Bend, we have over two decades of experience managing HOAs in the Fort Bend, TX area.
During that time, we've learned the ins and outs of creating an HOA community that not only survives but thrives. So if you want to learn more about our vibrant community solutions, get in touch with us today.
