With around one-third of Washington's new homes in homeowners associations, the need for association property management has never been greater.
If you live in one of the thousands of HOAs in Washington, you may wonder why your community isn't giving you everything you need. A community is only as effective as its leadership and most HOA boards are ill-equipped to tackle the needs of its members.
In today's post, we'll explain how community management works and how it can turn your ailing HOA into a thriving one. Keep reading and you'll be able to experience the joys of HOA living for the first time.
HOA Accounting
All homeowners have to pay their monthly HOA dues to experience the perks of HOA living, whether it be higher property values or community maintenance. If your HOA leadership doesn't have great accounting practices, the HOA dues won't cover everything the community needs.
When this happens, the only option is to raise the HOA dues, which only angers homeowners. By hiring an HOA manager, you'll get professional accounting services. These professionals handle all fee collection, bookkeeping, and budgeting to ensure the community can hit new financial highs.
Governance and Compliance
HOA homeowners must also abide by the community's governing documents. These are the rules and regulations that tell homeowners what they can and can't do in and around their property.
Some communities have rules around allowing pets and renters, while others have rules around landscaping. Every HOA has people who don't think the rules apply to them. It should be the work of the HOA board to keep these bad actors in line, but that's not always what happens.
An HOA manager has no problem issuing fines and penalties to these rule breakers. In addition, they can diffuse arguments between homeowners to maintain peace in the community.
Vendor Coordination
One of the biggest perks of HOA living is property asset management. Regular community maintenance benefits members in a couple of different ways.
First, it ensures that all HOA homeowners are happy, safe, and comfortable in their community. A well-maintained community also brings more interest from property investors, which helps to boost property values. Some HOA communities have property values as much as 4% higher than other similar homes outside of the community.
Running HOA Meetings
Homeowner association solutions should help keep the community mindset intact. One of the best ways to do this is through HOA meetings.
These meetings bring community members together to discuss important matters. When a community is on the same page regarding new amenities or construction projects, everyone will be happier. HOA management can run organized meetings that ensure all homeowners have a say in the future of the community.
Hiring the Best Association Property Management in Tacoma
You should never wonder what your HOA is actually giving you. A good association manager can bring new methods and ideas to a stagnant community.
If you want to experience all of these perks and more, you need to hire PMI Cascade. As the top Tacoma association property management company, we offer all of the services discussed here and more.
Contact us today to learn more about how we can make your HOA thrive in 2024.
