Texas is home to over 20,000 homeowners associations that house around six million people.
If you live in one of these HOAs, you may wonder why your community doesn't give you the perks that someone else's community does. A lot of the time, what you get out of a community association comes down to the leadership of your HOA board of directors.
In today's post, we'll discuss the role of HOA property managers. When your HOA isn't cutting it, an HOA manager can enter the fold and make positive changes, so keep reading to learn what they do and how it might benefit your HOA.
Financial Management
Financial management is an important responsibility of an HOA board or manager. When residents pay their monthly HOA dues, the money is pooled together, which then pays for everything that the community needs, from property maintenance to future amenities.
If you don't have organized HOA record keeping, the community won't be able to maximize its income. In turn, HOA fees will increase to compensate, but property values may fall in the meantime.
HOA management services have accounting professionals on staff. They'll examine the state of your community's finances, then balance the books and create an actionable plan to improve them.
CC&R Violations Enforcement
All HOAs are governed by rules and regulations that homeowners must live by. Some of these regulations govern how people are allowed to act in the community, while others tell them what they can and can't do on their properties.
Anytime you're trying to govern dozens of homeowners with the same set of rules, you're going to have issues. An HOA board is often ill-equipped to issue penalties for these violations, as it creates an uncomfortable power dynamic in the community.
An HOA manager has no issue acting as an impartial third party to enforce rules and maintain harmony in the community.
Property Maintenance
HOA communities should always benefit from regular property maintenance. Whether it's garbage removal, landscaping, or gutter cleaning, your governing documents should outline what maintenance you're entitled to.
If you don't receive timely maintenance it's due to organization issues. An HOA manager makes vendor coordination easy by bringing existing vendor relationships to the table. Whatever your community needs, a great local vendor will be a call away.
Resident Communication
HOA community meetings gather the entire community to make important decisions. This is a great way to boost internal communication between board members, as well as resident communication.
Communities need to work together to decide the future of the HOA. If meetings are well run, you can make great headway. If they're disorganized, the community will grow stagnant.
HOA managers can guide community-wide meetings to success. Furthermore, they'll ensure that the community's wishes are carried out after the meeting.
Get the Best HOA Property Managers in Fort Bend
These are a few of the main responsibilities of HOA property managers. If you want your community to thrive, you need the best HOA manager in Fort Bend.
PMI Fort Bend is part of the largest HOA management group in the country. To learn more about our amazing services and how they can help your community, contact us today.
