It's estimated that 74.2 million Americans live under a homeowners association. HOAs have the potential to improve community and even neighborhood value. Unfortunately, many of them have a bad reputation.
More often than not, this is due to poor management. When the roles of an HOA board are spread too thin, it means that the fees homeowners pay are often wasted. One solution to this problem is an association manager.
But what are association managers? And how do you pick the right type for your HOA? In this guide, we'll answer these questions so you can begin empowering your Dallas community today.
What Are Association Managers?
Association managers are professionals who are hired to oversee many of the day-to-day operations of an HOA. It's important to note that these individuals don't replace an HOA board.
Rather, they're brought on to handle things like HOA finances, rule enforcement, and vendor management. Association managers are great for HOA boards who don't have the manpower or knowledge to handle every aspect of operations.
Check out this guide to learn more about the roles and responsibilities of association managers.
How Can They Empower Your Dallas Communities?
Association managers can empower Dallas communities by making them look great. Any good association manager will have vendor connections to landscaping, maintenance, and development companies to fit whatever needs your community has.
They can enforce rules and regulations as an objective third party to reduce interpersonal conflict within a community. These professionals are also experts on Texas legislation that might affect Dallas HOAs.
Lastly, they can bring expertise in the area of finance or communication to make up for potential deficits within an HOA board.
What Can't They Do?
Association managers don't replace an HOA board. As such, there are limits to some of the things they can do. For example, they can't change the rules and regulations laid out in an HOA charter.
They also shouldn't manage the budget, organize community events, or deal with any big-picture changes to a community. These forms of community engagement are best left to the board itself.
How to Pick the Right Association Management Company
Many property management companies will claim to offer HOA management services as well. However, you want to make sure that they have experience with managing an HOA, as the two areas are quite different.
Their reputation is another thing you need to take into account. What are their reviews like? Can they provide references from other HOA boards who are happy with their work?
Make sure you consider all of these factors before you make your selection to ensure you get effective association management.
Need a Dallas Association Manager? Contact PMI Nortex Properties
We hope this guide helped you learn more about the role of association managers for your Dallas community.
Here at PMI Nortex Properties, we know that no two HOAs are the same. As such, applying a one-size-fits-all model to management services is a recipe for disaster. That's why we use our twenty years of experience to bring you custom solutions to your HOA problems.
If you're ready for a harmonious community, get in touch with us today.
