Texas has the third most HOAs in the country, behind only California and Florida.
Inhabiting a local HOA should come with a large set of benefits. Some communities provide residents with outstanding amenities, while others keep things perfectly maintained and manicured. Other HOAs don't do any of these things and their residents aren't happy about it.
If that describes what living in an HOA has been like for you, it's time to enlist help. HOA property management can turn your association around, bringing more quality and more leadership. Keep reading and we'll tell you just how they do it.
Collecting HOA Fees
HOA members are required to pay monthly HOA fees. This is the money that pays for everything that the community needs to run properly. If your HOA board isn't good at managing this money, HOA payments will go up, which is unacceptable for most residents.
An HOA management company staffs professional accountants. These people will collect monthly fees, perform bookkeeping, and formulate annual budgets that bolster the financial health of the community without burdening residents.
Coordinating Local Vendors
Most HOA residents expect that their community will be properly maintained. If it's not, it usually speaks to a lack of vendor coordination on the part of leadership. When you aren't scheduling local vendors for regular maintenance, the community will fall into shambles.
Not only does maintenance help promote comfort and safety in the community, but it also generates investor interest. When you've got property investors interested in your HOA, property values will rise.
HOA managers bring existing vendor relationships to your HOA. If your community needs weekly trash removal, a vendor will be there. If you need bi-weekly landscaping in the spring and summer, a vendor will be there.
Running HOA Meetings
Bringing together the entire community is important for creating harmony. HOA meetings allow individuals to raise their voices about important matters affecting the HOA. If meetings aren't organized, this won't happen and the meetings won't amount to anything.
A good HOA manager has plenty of experience leading community meetings. They'll make sure that news is communicated, voices are heard, and action is taken once decisions are made.
Enforcing the Rules
All HOAs have governing documents that state the rules for living in the association. Not all homeowners in an HOA are going to obey those rules. If your HOA board doesn't feel comfortable enforcing the rules, bad actors will go unpunished.
This will rub the rest of the community the wrong way and create disputes between homeowners. When you hire an HOA manager, they'll have no problem issuing penalties to rule breakers and diffusing arguments between members.
Hire the Best HOA Property Management in Dallas
As one of the top HOA property management companies in the country, PMI Nortex Properties has experience dealing with different types of HOAs. You don't have to settle for poor association leadership any longer.
We can help you with everything discussed here and more. Contact us today to learn more about our comprehensive HOA management services.
