Over 30% of Washington's homes are in homeowners associations, as reported by Seattle Agent Magazine.
HOAs are supposed to bring a wide set of benefits to homeowners, but if you're an HOA member, you don't need us to tell you this isn't always true. Every association can only go as far as its leadership takes it. If your HOA board of directors is struggling, it might be time for professional reinforcements.
In today's post, we'll explain how a home owners association property manager can help turn your HOA around. Once you understand what HOA management services include, it'll be clear why you should hire one. Keep reading and find the right community association management for your HOA.
Financial Management
One of the key responsibilities of an HOA manager is to take care of the financial side of the community. A community's finances are fully comprised of HOA fees from individual homeowners, so smart accounting is crucial to the financial health of the HOA.
When your HOA board doesn't have someone experienced in handling the bookkeeping and budgeting, fees won't go as far as they should. If this happens, fees will inevitably go up, which can only anger community members.
A community manager has professional accountants tackling these important matters. You'll never have to worry about financial mismanagement with community association management at the helm.
Community Enhancement
HOA meetings give all homeowners the chance to raise questions and concerns about the direction of the community. Ultimately, they help get everyone on the same page, which is essential for moving the community forward.
If your meetings aren't organized, they'll never amount to anything. A good community manager knows that enhancing community living is all about making decisions as a collective. Once that's done, they can use their expertise to enact the community's wishes.
Vendor Coordination
Maintenance is important for a couple of major reasons. Firstly, it helps to maintain the safety and comfort of the community for residents. Secondly, it brings more interest from outside investors, which can help to boost property values.
To ensure your community is properly maintained, you need local vendor contracts in place. Your community manager should establish these contracts and coordinate schedules for vendors to take care of regular maintenance.
HOA Governance
Lastly, all homeowners in the community are subject to the governing documents. These are the rules that outline how community members should live and act. Some communities have rules around landscaping, while others have rules around allowing pets and rentals.
There are always rule breakers in HOA communities. It's how these bad actors are dealt with that makes or breaks a community. You need a firm HOA manager who can dole out punishments to those who don't feel the rules apply to them.
Get the Right Home Owners Association Property Manager
These are a few of the biggest responsibilities of a home owners association property manager. When you have a great HOA manager in place, your community can thrive like never before.
For those in Tacoma, the best choice for HOA management is PMI Cascade. We offer comprehensive HOA management services, including everything mentioned here. Contact us today to book a consultation and find out more about how we can help your community.
