Studies have shown home and property values are more likely to remain higher in a community where the HOA is professionally managed as opposed to those communities without professional management.
A community kept clean, fresh, and compliant with an HOA’s rules, regulations, and restrictions promotes pride in ones property. Professionally managed HOA’s help to enforce and maintain the health of a community.
A professional HOA manager eliminates the gray area and helps their community by providing knowledge and expertise in the business of operating a HOA.
Hire Community Management. Consider a few of the following benefits to hiring Community Management.
It takes time for volunteer board members to run their association. On any given day you might be responding to homeowner calls, arranging maintenance appointments for various everyday repairs, writing enforcement letters, dealing with your grounds contractor, posting assessment payments and preparing financial statements, and consulting with your attorney on collections and other legal matters. If your board service is veering into a full-time job, you might want to pay someone to treat your community like one.
In addition to technical specifications and various questions of law, finance, and governance, you need to have more than a passing familiarity with local, state, and federal laws that apply to the everyday workings of your community. Yours wouldn't be the first board to feel overwhelmed by the sheer volume of knowledge it must possess. Good professional managers pride themselves on staying ahead of the curve via continuing education and involvement in the industry.
Board members might come and go, but a manager can offer a common thread that links one administration to the next. Why does this matter? Think about the importance of continuity when it comes to record keeping, budgeting, dealings with contractors, suppliers, and professional service providers, and even the relationships you've developed with your residents.
Your board should be a decision-making body, but too often the day-to-day distractions of educating residents and attempting to meet their expectations can pull you away from the big picture. Professional management can provide an administrative buffer, giving your residents the attention they deserve and giving yourself a chance to think.