If you're one of the 45% of Florida homeowners who live in an HOA, you may be wondering how you can improve your community.
Living in an HOA comes with a unique set of perks that other homeowners just don't get. If you want to enjoy community amenities and have a lot of home maintenance taken care of for you, investing in HOA property is a smart move.
It should be stated that living in an HOA doesn't guarantee these advantages. Many HOAs struggle with poor leadership because most HOA boards are made up of volunteers. HOA management is a major responsibility, which is why you should keep reading and learn what an HOA manager can do to help your community.
Accounting and Fee Collection
The financial health of an HOA depends on responsible accounting. You'll always have a designated treasurer on your board of directors, but that doesn't mean they have any experience with managing large sums of money.
HOA fees need to cover every expense the HOA incurs, from routine maintenance and major repairs to upcoming developments. Poor money management will result in higher HOA fees and lower property values.
When you hire an HOA management company, you get someone who is experienced in accounting and bookkeeping. You can rest easy knowing that your HOA fees are being spent well.
Community Maintenance
The biggest perk of HOA living has to be the community maintenance. If your HOA board drops the ball with vendor coordination, you could end up with garbage on the streets, poorly manicured lawns, and an unsafe community overall.
The best HOA management comes with previously established vendor relationships. Over years of running Fort Lauderdale HOAs, PMI Broward Sunrise has a wide network of local vendors. Community maintenance will stay on schedule and any emergency needs can be dealt with quickly.
Governance and Compliance
Every HOA in the country has its own unique set of governing documents. These tell homeowners what they can and can't do on their property and in common areas.
Anytime you try to govern dozens of homeowners in this way, you're going to have misunderstandings. Community leadership should be able to issue penalties for noncompliance, but that can be awkward when your HOA board is made up of volunteer community members.
HOA management provides you with an impartial third party. When wrongdoing happens, they can handle it without issue. This gives you a more harmonious and relaxing community to live in.
Get the Best HOA Management in Fort Lauderdale
These are some of the essential practices that HOA management uses to improve communities. That said, it's only scratching the surface of the leadership and professionalism that they bring to the table. You'll find countless HOA managers in Fort Lauderdale, but there's only one right choice for your community.
PMI Broward Sunrise is part of one of the largest HOA management companies in the country. Our comprehensive services will turn your ailing community into a thriving one. Contact us today to learn more about what we do and how we can help.
