About a third of the US population lives in a homeowners association today.
If you're one of these homeowners, you may take a look at your HOA and wonder what's wrong. Many HOAs across the country are riddled with poor leadership and distressed homeowners, so you're not alone. That doesn't make it okay, however.
When you pay your association dues, you expect certain things in return. Today, we'll tell you how handing over leadership to an association management company can improve your community and restore your faith in the HOA system. Keep reading and learn what they do.
Collecting Association Dues
Every HOA collects association dues and pools them together. The dues pay for everything that keeps the community afloat, like maintenance, new projects, and repairs. If you're left wondering where your HOA dues are going, it's a good sign you need community management.
An association manager has accounting professionals on staff. These people will crunch the numbers to create a feasible budget that puts the least amount of financial stress on homeowners. They'll also deal with resource allocation so that the most important things are paid for, helping to boost the HOA property values.
Rule Enforcement
Uniformity is a big theme with homeowners associations. Every HOA is governed by a unique set of rules and regulations telling homeowners how they should act in the community. They may deal with things like property appearance, rental units, pets, and quiet hours, among others.
Anytime you're telling dozens of homeowners to live by one set of rules, there'll be issues. An HOA board is rarely capable of dealing with bad actors because it creates an uncomfortable power dynamic in the community.
This isn't so for HOA managers who can act as an impartial third party. They can promptly issue penalties for broken rules and diffuse conflicts to maintain a harmonious community.
Staff Management
An HOA manager doesn't come in and take over the community. They work alongside your HOA board of directors so that the community is represented at all times.
They're there for staff management, so they can guide your HOA board on how to perform their duties. If they need to step in and take care of something, whether it's rule enforcement or vendor coordination, they'll do it. Whatever your community needs, your HOA manager is there to oblige.
Project Coordination
HOA meetings are where community members come together and decide the future of the HOA. Important decisions about governing documents and future projects are made, so long as the meetings are organized.
An HOA manager has experience in running such meetings. They'll keep them on schedule and take care of project coordination so that the community's wishes are always carried out.
Get the Best Association Management Company in Dallas
These are just a few of the many hats that an association management company can wear. If you want a better HOA in 2024, you need to hire the best association manager in Dallas.
PMI Nortex Properties is that association manager. We're part of the country's largest property management firm, offering comprehensive HOA services, including everything mentioned here. Contact us today to learn how we can turn your community around.
