Homeowners associations (HOAs) in the U.S. have grown by around 13% within the last decade. Today, about one in five U.S. homes belong to one. In Arizona, that goes up to about a third.
HOAs are popular as they make communities more desirable and help preserve property values. HOA communities offer amenities like outdoor recreational spaces, security services, and pest control, to name a few.
In many cases, professional HOA property management companies are to thank for the well-structured lifestyle in these communities.
But what exactly do the top HOA management services bring to the table?
Minimizing the BOD's Workload
HOAs have a Board of Directors (BOD) of community members elected by other residents. The BOD volunteers to supervise the management and upkeep of the community. Some of their responsibilities include:
- Creating and enforcing rules and regulations
- Coordinating the maintenance of common areas
- Managing the community's finances
- Developing programs to improve the community
- Communicating and engaging with community members
In addition to those duties, each BOD member has a separate work or personal life to attend to. So, it's understandable for them to feel overwhelmed by all their responsibilities.
Fortunately, the best companies offering HOA management solutions can handle those tasks on behalf of the BOD. Through their expertise, they reduce the BOD's workload to enhance the HOA's overall quality. As a result, board members can focus on fewer tasks in which they excel and feel less stressed.
Enhancing Homeowners' Living Experiences
The most recent data shows that most homeowners are happy with their HOA communities.
For example, 89% say their HOA living experience is "very good." Over two in three note that their HOA's rules help protect and improve property values. Three in four also state their HOA manager delivers value and support to the association and its residents.
Expert property management companies can do all that because their sole job is to manage the HOA. On the other hand, board members have a separate work life. So, HOA managers can dedicate all their work time to directing the community toward excellence.
PMI PHX SW: Phoenix's Premier HOA Management Company
If you're looking for a highly experienced and reputable provider of HOA community services, look no further than PMI PHX SW. Our full-service association management company can help your HOA by delivering expertise in the following areas:
- Financial management, including HOA fees, taxes, budgeting, and reporting
- Administrative management, including HOA rule enforcement, insurance, and legal compliance
- Maintenance and building management, including inspections, maintenance, and repairs
We also take pride in the state-of-the-art technology we use to help our communities thrive. For example, we have an online portal for communication, calendars, and document management.
The Best of the Best HOA Property Management Companies
From reducing the BOD's workload to enhancing living experiences, these are just some of the perks of working with the best HOA property management companies.
That's why you should consider partnering with our expert team at PMI PHX SW. We'll ensure your HOA benefits from the expertise of a dedicated community manager. We're also a proud member of PMI, a global company that's been a game changer in the property management industry for over twenty years.
If you're ready to make your Phoenix HOA flourish, call us today for your free consultation!
