875,000 of Arizona's 2.3 million homes reside in homeowners associations.
There are countless perks to community living, but only if your HOA has great leadership. Most HOAs are governed by a group of volunteers that make up the HOA board of directors. These people look after everything from HOA fee collection to vendor coordination.
If your HOA board isn't cutting it, your community will suffer. Today, we'll tell you how HOA manager services can improve a lackluster homeowners association. Keep reading and you'll know if hiring outside HOA management is the right move for your community.
Vendors and Maintenance
When you pay your HOA dues, you should get to live in a well-maintained community that looks and feels great. The state of your community depends a lot on vendor coordination, whether it's garbage pickup or landscaping.
HOA managers often come with built-in vendor relationships, so you won't have to worry about important tasks being missed. Whatever your community needs, the right vendor will be a call away.
A well-maintained community is a desirable community. This can drive property values up as much as 4%, which benefits everyone in the HOA.
Financial Management
All HOA members have to pay monthly HOA dues to experience all of the perks of community living. This money is pooled to pay for everything that the community needs. If your HOA treasurer doesn't have accounting experience, however, the money might not go as far as it should.
Poor financial management can result in higher HOA dues and lower property values. An HOA manager will bring experienced accountants to your community. These people will handle all bookkeeping and budgeting duties to ensure your community is in a healthy financial state.
Governance
Every HOA in the country has unique governing documents that outline the rules and regulations of HOA living. Homeowners need to follow these rules to maintain harmony and happiness in the community.
Of course, you're always going to have rule-breakers, but it's how broken rules are handled that matters. HOA board members often have trouble issuing penalties to bad actors because it creates an unhealthy power dynamic.
This is when it's really helpful to have a third-party HOA manager. They'll have no problem handing out penalties to keep homeowners in line. The result is a healthier community dynamic.
Community Meetings
HOA meetings are where community leaders, as well as all other homeowners, come together to decide how the community moves forward. If your meetings aren't organized, nothing will get accomplished.
You need experienced people running these meetings. HOA managers can run organized meetings. More importantly, however, they can enact the community's wishes when meetings are complete.
Get HOA Manager Services in Phoenix
These are just a few of the perks of hiring HOA manager services. If your Phoenix HOA isn't giving you what you expected, it's time to get the best HOA management services in the area.
PMI PHX SW is the area's top HOA manager, offering comprehensive services that include everything discussed here and more. Contact us today to learn how we can take your community to new heights in 2024.
