The Foundation for Communication Association Research recently published their findings on community associations. As of 2021, there are approximately 358,000 in the United States.
Associations have risen in popularity because residents recognize their benefits. Having association managers oversee a community brings tranquility and aesthetics to the neighborhood.
Hiring vendors, paying bills, and enforcing community rules would be impossible otherwise. Imagine your neighbors coming together for a consensus on these tasks. That is why association management is critical in keeping residents happy.
There is a lot to love about having property managers. Here is why you must celebrate them.
Why You Need an Association Property Manager
At its core, association management enhances the experience of owning a property in a community. Residents can feel at ease about the aesthetics of their neighborhood.
Plus, residents are comfortable knowing that their neighbors follow basic community rules. By doing so, everyone benefits from an increase in property value. According to recent data, the property value for all homes owned in an HOA community is approximately $11 trillion.
What Does a Community Association Manager Do?
It is essential to hire a professional with experience in association governance. They must have a background in community association management, including financial planning. Further, it is vital to have superior conflict resolution skills.
By having the right person, association communities have the power to grow and thrive.
Manage Vendors
An association management company is as successful as the vendors who help them. An association manager must oversee and maintain excellent relationships with vendors.
Many contracting partners help keep the community beautiful. This can range from pool cleaners to landscaping and more.
It can be a time-consuming task overseeing so many activities and contractors. That is why you hire an intelligent association manager. They will ensure tasks are complete and on time.
This includes managing contracts and paying vendor bills. Further, there will be times when the community must hire a new vendor, and the association manager has a process for onboarding all new vendors.
Maintain Common Grounds
There are areas of the outdoor association that residents share with their neighbors. While each property owner is responsible for their dwelling, there are "common" areas. This includes shared spaces like the lawn, hedges, trees, etc.
The association manager ensures that common areas are in proper order. For residents to come together for these tedious tasks would be challenging otherwise.
Pools and gyms must be clean and sanitary. If there is a playground, the equipment must be safe.
It benefits the community when they do not have to worry over such details. Instead, they can enjoy their time at home.
Association Managers For Happy Residents
Having a central source to oversee the needs of your community benefits everyone. That is why residents appreciate the peace of mind they get from association managers. At PMI Broward Sunrise, we customize our property management services to meet your unique community's needs.
We service many types of communities. From cooperatives to townhomes and more, you will get the service you deserve.
With over ten years of valuable experience, you can see the PMI difference today! Contact PMI Broward Sunrise right now to learn more.
