Massachusetts has among the highest number of HOAs in the country with over 11,000.
If you're a homeowners association resident, you might already be thinking about how to improve your association. There have been well-documented HOA issues across the country and Boston's communities are no exception.
When you're struggling to get everything out of community living, you have to look at the community's leaders. A community only goes as far as its leaders can take it, so it might be time to hire a community management company.
Today, we'll explain what we do to enhance your community. Keep reading and consider Boston community management to boost your HOA in 2024.
Vendor Coordination
All HOAs need regular maintenance to ensure homeowners feel safe and comfortable. When community members feel safe, they're more content in the association. There's another thing that HOA property maintenance does; it generates more interest from investors.
When you have people wanting to buy into your HOA, everyone's property values go up. Some HOAs report property values as much as 4% higher than non-HOA properties.
Vendor coordination is at the heart of HOA maintenance. As your community manager, we'll ensure the right vendors are on contract and scheduled to do their work as needed.
HOA Meeting Organization
HOA meetings are essential for the direction of any community. They tackle important community matters, such as amendments to governing documents and what new amenities to pay for.
You need meetings to be organized to be effective. This is one of the things our HOA management services bring to the table. We can facilitate free communication between residents so everyone's pulling in the same direction.
Once important matters are decided upon, we'll use our expertise to put plans into action.
Governance and Compliance
All HOA homeowners must abide by the community's governing documents. Some communities have rules around landscaping, while others have rules restricting rentals and pets in the community.
When homeowners fail to obey the rules, they must be punished accordingly. Residential community management is all about making everyone feel happy and safe in the HOA. This means dealing with bad actors promptly so that the need for compliance becomes clear.
HOA Accounting and Reporting
HOA fees are paid by all members each month. They're pooled together to pay for everything the community needs, from new amenities to community repairs.
If accounting practices aren't good, the community could end up squandering these HOA fees. The result is either raised fees or a community that falls into disrepair.
Our HOA management services include accounting help. Our professional accountants will collect fees, balance books, create budgets, and remain transparent throughout. You'll never have to wonder where your money is going or why it's not covering the community's expenses.
Get the Best Community Management Company Today
These are just a few of the many services that our community management company provides our clients. At PMI of Greater Boston, we're the area's top option for effective HOA management and part of the country's top property management group.
To learn more about what we can do for your community, don't hesitate to contact us today for a consultation.
