Massachusetts has the 7th most HOAs in the country.
If you live in one of Boston's community associations, you may be wondering why yours isn't giving you what you need. An HOA is only as good as its leadership, so if your HOA board isn't equipped to do the job, it's the community that suffers.
You don't have to settle for an unsatisfactory HOA. In today's post, we'll explain how association managers empower communities with expert guidance. Keep reading and you'll know what association management does and how they improve HOAs.
Enforcing HOA Rules
All HOA homeowners have to pay close attention to their community's governing documents. These are the rules and regulations that explain how residents should act in the community.
Some HOAs have rules discussing rentals in the community, while others might have rules around quiet hours and noise complaints. Failing to abide by the rules can result in penalties, fines, and even HOA evictions.
Of course, this only works if your HOA board enforces the rules - many don't. If you hire an HOA manager, you'll get someone who has no issue with governing a community. They'll hand out penalties and diffuse conflicts between homeowners to improve community morale.
Collecting HOA Fees
HOA fees must be paid by each homeowner. They're grouped to pay for everything that the community needs. If you don't have good accounting practices, your HOA fees won't cover the community's needs and they'll have to go up as a result.
HOA management will staff professional accountants who can collect fees, chase down delinquent payments, perform bookkeeping, and create budgets. All of this will improve the financial health of your HOA.
Maintaining the HOA
HOA living is all about having a well-maintained community that values the safety and comfort of residents. HOA maintenance also brings more interest from investors, which can drive property values up significantly. Some HOA homes are worth up to 4% more than similar non-HOA homes.
To maintain a community, you need to prioritize vendor coordination. An HOA manager ensures that maintenance schedules are kept up to date and emergency maintenance is properly handled.
Running HOA Meetings
The community should meet on a semi-regular basis to discuss the important issues that the HOA faces. These could involve changes to governing documents, new community amenities, or HOA events.
You need someone leading these meetings who is organized and can enact the community's wishes. An HOA manager is adept at running such meetings. They'll ensure all voices are heard and initiatives are enacted once meetings are complete.
The Best Association Managers in Boston
If your HOA community in Boston needs change, you need the best association managers you can find. At PMI of Greater Boston, we offer all of the services here and so much more.
As part of the nation's top property management firm, we're uniquely qualified to take ailing HOA communities and give them the jolt they need to turn things around. To learn more about what we do and how we can help you community thrive in 2024, don't hesitate to contact us today.
