If you live in one of the 3,400 HOAs in Utah, you might be wondering why you're not getting all of the perks you were promised.
Homeowners associations are supposed to give homeowners a certain quality of life. They advertise higher property values, community amenities, and a quiet, peaceful way of living.
Problems arise when HOA leadership can't fulfill these promises. If you're struggling to enjoy an underwhelming association, it could be time to enlist the help of an HOA manager.
In today's post, we'll tell you how HOA management guides HOAs towards excellence. Keep reading and you'll see a path to HOA happiness.
HOA Accounting
One of the most important services that an HOA manager provides is proper accounting. All HOA homeowners must pay their monthly dues to live in the community. The accumulated funds should cover everything the community needs, from regular maintenance to new amenities.
Poor accounting practices often result in HOA fees failing to cover the basic needs of the community. Fees then have to go up, infuriating HOA members.
An HOA management accountant will collect fees, balance the association's book, and create reasonable budgets. A professional touch will enhance the financial health of the HOA.
Vendor Coordination
HOA maintenance is important for a myriad of reasons. On a base level, a maintained community provides safety and comfort to residents.
On a deeper level, a maintained community draws interest from local investors. The more interest an HOA garners, the more property values will go up. Some HOA properties are as much as 4% more valuable than non-HOA properties in the same area.
Vendor coordination is at the heart of HOA maintenance. An HOA management company has its trusted vendors to handle everything from trash removal to new developments.
Supporting the HOA Board
An HOA manager will support your HOA board in its duties. The typical board of directors is made up of volunteer homeowners who don't necessarily have experience making impactful decisions for an association.
The place where an HOA manager's support will be felt the most is in HOA meetings. Community-wide meetings look at the big picture of the HOA, while board meetings are more frequent and cover the day-to-day management of the community.
Your HOA manager will help the board run organized and effective meetings. They'll make sure all community members have their voices heard and processes are streamlined for the benefit of the HOA.
Governing the Community
HOA governance is important for preserving peace in the community. An HOA manager can help deal with homeowners who don't feel that the rules and regulations apply to them.
This might involve issuing penalties and fines, diffusing disputes between members, or handling HOA evictions. When you have a well-governed community, you have more cohesion and harmony.
Get the Best HOA Manager in South Jordan
If your South Jordan HOA isn't cutting it, you need a great HOA manager to help guide it toward excellence. To get all of the services mentioned here and more, PMI Salt Lake is the answer.
We're a comprehensive HOA property management company and part of the largest property management group in the country. To learn how our services can help turn your HOA around, contact us today.
