Finding the right house is a dream come true for many people. That dream is made even better when the house is in a great neighborhood. Often, those neighborhoods have an HOA with so many benefits for the residents.
Running an HOA is a big job with a lot of responsibilities. Many neighborhoods find that hiring HOA management companies makes it much easier. That way they can just enjoy their community without any added stress!
There are a lot of ways HOA managers can help a community. Check out these common responsibilities and how they can help your neighborhood be the best it can be!
Enforce Community Policies
The first thing that comes to mind for many people when they think of HOA living is the rules. HOAs work to develop community guidelines about noise, common areas, and home appearances. Those things keep the neighborhood nice and streamlined.
It's the job of the HOA manager to enforce those community policies. That starts with making sure everyone knows the policies as well. Then the manager can communicate when there are issues.
Collects Fees and Manages Accounting
An HOA would be basically useless without the collection of fees from residents. These annual dues go toward making improvements to the community. So it's important to have someone on top of collecting and disbursing those funds.
It's also important that accounting be a high priority. An expert manager will make sure the HOA is compliant with all state and local regulations, including taxes.
Keep Up with Common Area Maintenance
One of the biggest perks of an HOA community is the common areas residents can enjoy. Those often include parks, gyms, or pools. But all of those things require maintenance to keep being used.
An HOA manager will stay on top of all those responsibilities so there's no interruption of use.
They'll also handle any landscaping needs the community has. That way everything continues to look nice without a lot of effort from the residents.
Manages Resident Communication
For some residents, it can feel like there is a big gap between the HOA and themselves. It can feel frustrating when they don't get a timely response because the HOA has other responsibilities.
An HOA manager is solely focused on the neighborhood, so they can often have better communication. Having a dedicated person to speak to can make the gap feel much smaller for residents.
Top Responsibilities of HOA Management Companies
HOA management companies can completely transform a neighborhood. Instead of residents trying to scramble to keep their association running, they can hand the reigns to a professional.
An HOA manager is a third party who can make sure everything runs smoothly without personal conflicts. And their expertise often leads to better, more effective practices as well. It's a win-win for everyone involved.
At PMI of Greater Boston, we believe in the power of a good HOA. Our years of experience have helped us hone in on the best practices to make great neighborhoods. Contact us today to see how we can help you!
