With 45% of Florida's homes being in homeowners associations, the need for proper HOA management has never been clearer.
HOA communities can provide unique opportunities for homeowners. They may offer heightened property values and exclusive amenities. However, not all community associations satisfy their members.
Most communities are run by a volunteer board of directors. In theory, having a self-governing community should empower homeowners. If your board is ill-equipped to perform important tasks, it ends up being frustrating.
Today, we'll tell you how a community association manager can help your ailing HOA. Read on and you'll see what a bit of expertise and professionalism can do for your community.
What Is a Community Association Manager?
HOA management is a form of property management for homeowners associations. When you bring HOA management into the fold, they help your board with important tasks, like accounting, maintenance, and governance.
Within a few weeks, they'll know how to improve your community beyond what your board alone is capable of. The result is a more organized and happy community that flourishes under good leadership.
Organizing Community Meetings
An important aspect of HOA management is action. When you have community meetings, important issues are discussed, like amendments to governing documents and upcoming developments.
If your board doesn't have the organizational skills necessary for the job, meetings could amount to nothing. Something that a good HOA manager can do is use their experience and connections to create actionable plans that benefit the community
Better Budgeting
For a community association to thrive, you need good money management. A community association management service will have experienced accountants on staff to help with accounting.
They'll collect HOA fees and create a budget that keeps your community financially stable. A strong budget will account for all community maintenance and projects with money set aside for emergencies.
Good accounting bolsters your community and creates higher property values. HOA property values can be as much as 4% higher than outside communities.
Creating Harmony
Anytime you've got dozens of homeowners living in a community, there's going to be conflict. Your governing documents give homeowners rules and regulations to live by. These can include rules about parking, landscaping, and pets.
There are always people who don't think the rules apply to them. It's often awkward for the HOA board to discipline these people because it creates a strange power dynamic. You don't have this problem with an HOA manager.
Community association managers act as an impartial third party. They can issue penalties to bad actors and mediate conflict between homeowners. The result is a more harmonious community.
How to Choose a Community Association Manager
A community association manager will make your HOA a better place to live. Finding a manager for community associations in Florida doesn't have to be difficult. PMI Broward Sunrise is part of one of the top property management companies in the country.
When you hire us, you'll get all of the services discussed here and more. Contact us today to learn how we can take your community to another level in 2024.
