It's estimated there are roughly 360,000 homeowners associations currently active in the US.
Washington State itself is home to no less than 10,000 of these HOAs. HOA living is popular because it gives people the benefit of home ownership with the ease of community-style living. That said, there are many HOAs across the state and country that aren't satisfying their residents' needs.
Today, we'll explain how association managers can alleviate these feelings by providing expert community guidance. Keep reading and you'll see how your association leadership can improve under the guidance of an HOA manager.
Better Financial Management
The quality of your HOA is directly linked to how well finances are managed. A community's entire finances are made up of individual homeowner HOA fees, which are usually $200-300 per month.
If the money is properly managed by a professional accountant, which an HOA management company will have, HOA dues will go further. If money is poorly managed, which is often the case with inexperienced HOA board members, fees will fall short of the community's needs.
When this happens, the board will have no other choice than to raise fees. If your HOA fees are going up with no clear benefit, it's time to hire an HOA manager to help.
Leading Fruitful Meetings
HOA managers have association leadership skills that your HOA board members might not have. This is most clearly manifested during HOA meetings.
HOA meetings are essential for getting community members on the same page and planning for the future. If your HOA meetings aren't tactfully organized, they'll never amount to much and the community will never grow.
A community manager can run proper meetings. They'll ensure all homeowner voices are heard and enact plans once a consensus has been reached.
Better Association Governance Strategies
The governing documents of an HOA can be a point of contention in any community. It's your board's responsibility to enforce these regulations. However, doing so can often create a power dynamic that HOA members don't like.
An HOA manager can bring more effective governance to your community. They'll make sure bad actors are uniformly dealt with and diffuse arguments between homeowners. The result is a friendlier and more harmonious community.
Management Through Maintenance
HOA maintenance is one of the biggest benefits of HOA living. A well-maintained community brings comfort and safety to homeowners. It also brings more interest from outside investors, which is what pushes property values higher.
Community maintenance comes down to good vendor coordination. A good HOA manager will maintain positive relationships with local vendors to make sure your community's needs are met.
Hire the Top Association Managers in Tacoma
These are a few of the things association managers can bring to your Tacoma HOA. When you have a professional entity at the helm of your community, you can rest easy knowing responsible decisions are being made.
To get the best HOA management in Tacoma, PMI Cascade is the answer. As part of the largest HOA management group in the country, we can take your ailing community and turn it into a thriving one. Contact us today to learn more about our approach.
