Florida has the second-most HOAs in the nation, with 45% of all homes being in HOA communities.
Although there are so many associations, all too many homeowners are growing frustrated with how their communities are run. Most HOAs are still governed by a board of directors that is too often unequipped to manage the association effectively.
These communities should always consider hiring an association manager to unburden their HOA boards. In today's post, we'll look at the roles and responsibilities of HOA management. Keep reading and you'll see how these services can help improve your HOA.
Running Meetings
HOA meetings bring community members together to discuss important matters and make decisions about the future. If your meetings aren't well-organized by community leaders, they'll never be as fruitful as they could be.
Association management services have plenty of experience running effective HOA meetings. All homeowners will be able to voice opinions and contribute to the discourse. When meetings are complete, management can also ensure major decisions are enacted.
Accounting Services
HOA community members must pay HOA dues to enjoy community living. These fees are pooled to pay for everything the community needs. If money isn't well managed, however, HOA fees won't go far enough.
An association property management company has experienced accountants on staff. These people will tackle fee collection, bookkeeping, and accounting services for the whole community.
The result of smart money management is that fees go further. When fees go further, homeowners don't need to worry about their fees rising over time.
Vendor Coordination
HOA maintenance is essential for many reasons. Firstly, it ensures that homeowners feel safe and comfortable in their community. Secondly, it ensures that there's always interest from new real estate investors.
When a community has investor interest, property values rise. HOA property values can be as much as 4% higher than non-HOA values. Community maintenance comes down to vendor coordination.
HOA management comes with built-in vendor relationships. Whether your HOA needs weekly garbage pickup or occasional landscaping, the right vendor is just a call away for an HOA manager.
Governance
Communities are all run with unique governing documents. These are the rules that HOA homeowners need to live by in the community. The issue lies in governing dozens of homeowners with the same set of rules - there will always be rule breakers.
Where it can be awkward for an HOA board to enforce rules on their fellow homeowners, this isn't the case for HOA management. Your HOA manager can keep bad actors in line and handle conflicts between homeowners. The result is straightforward, communicative HOA living.
Get the Best Association Manager in Fort Lauderdale
If your Fort Lauderdale HOA isn't giving you what you need, an association manager can help. To get the best management services in the area, PMI Broward Sunrise is the answer.
We're among the top association management services in Florida and our parent company is a top property manager in the country. We offer comprehensive HOA services that include everything mentioned here. Contact us today to learn more about how we can improve your community.
