Did you know that homes in community associations fetch a higher price than single-family homes in most U.S. states? That's because these communities offer a host of benefits that add to their appeal.
HOA boards are responsible for upholding this value by performing numerous annual, monthly, and daily tasks to ensure the smooth running of these communities. Many of these communities hire HOA management services to carry out these responsibilities.
Read on to find out more about HOA management and how community association managers benefit these Utah communities.
HOA Management Responsibilities
A homeowners' association exists to make rules regarding the properties within its boundaries. They must also enforce these rules impartially.
When you buy a home in one of these communities, you become a member of the HOA and must abide by these rules. The HOA is led by an HOA board of elected volunteers who must carry out the tasks associated with these responsibilities.
HOA responsibilities include managing financial and legal aspects related to the community and the daily upkeep of its amenities.
There are two main types of HOA management, namely:
Self-Managed HOAs
Self-managed HOAs rely on their HOA board to fulfill all their responsibilities. These tasks can prove time-consuming and sometimes overwhelming for HOA board members.
Professionally Managed HOAs
Professionally managed HOAs hire a property management company specializing in community management to oversee their operations. These companies take care of the smaller issues, leaving board members free to focus on critical matters.
The Role of a Property Management Company
Hiring an experienced community association management team helps free up board members' time and reduces stress. These qualified professionals can manage many of the tasks that would usually fall to the board, including:
- Property maintenance
- Rule enforcement
- Fee collections
- Arranging community events
- Administrative tasks
They can also be a valuable sounding board regarding financial and legal issues.
Benefits of Hiring a Community Association Management Company
As a neutral third party, a community manager can enforce rules impartially and without fear of reprisals. They play an important role when disputes between homeowners and board members arise.
They can navigate the fee collection process without feeling awkward and follow the correct legal process for collecting past-due payments. Overall, a community association manager can ensure harmony, clear communication, and cooperation throughout the community.
Their efforts help retain or increase the appeal of your community and can enhance property values.
Hire South Jordan's Leading Community Association Managers
HOA board members rarely have the time to devote solely to the many duties required of them. A property management company can take many of these day-to-day tasks off their hands.
PMI Salt Lake offers a comprehensive range of HOA management services to help ensure the smooth running of your South Jordan community. We specialize in creating custom services to suit each community's needs and meet resident expectations.
Our team of community association managers has decades of experience in this field and is well aware of the challenges associated with managing a complex residential community.
Uncover an easier way to ensure harmony and high home values for your homeowners' association in South Jordan.
