With over 11,200 communities in the state, Georgia has become a hotbed for homeowners associations.
If you live in one of these HOA communities, you could be wondering why your association isn't giving you all of the benefits you thought you'd get. All communities are only as good as their leadership, so if your HOA board of directors isn't cutting it, hiring an HOA management company is the answer.
Today, we'll tell you what to expect from HOA management and how HOA company responsibilities can take your community to new heights. Keep reading and we'll help you understand what to expect from a great management company.
Vendor Coordination
One of the biggest perks of HOA living comes down to having a well-maintained community. When your community gets regular maintenance, whether it's garbage collection or landscaping, all of the homeowners benefit.
It goes a bit deeper than that, however. Community maintenance makes the HOA more intriguing to property investors. When investors take an interest in a community, property values rise - sometimes as much as 4% higher than similar homes outside of HOA communities.
Vendor coordination is at the heart of maintenance. HOA management company costs include built-in vendor relationships. Whatever your community needs, the right vendor will be one call away for an association manager.
Accounting Services
All homeowners must pay their HOA dues to live in the community. These are pooled together to pay for everything from community maintenance to upcoming projects.
Most HOAs rely on a treasurer to manage community finances. Often, these people have no accounting experience to speak of, which can lead a community down a path toward financial problems.
A good association manager will have accountants on staff, in addition to HOA management software. The manager will collect HOA fees, perform bookkeeping duties, and form sensible budgets that put the community in a position to succeed.
Compliance
HOAs have unique governing documents that homeowners must follow. They can cover everything from rentals and pets in the community to parking and quiet hours. Whenever you have dozens of homeowners governed by the same set of rules, you'll run into problems.
HOA management company rules make sure the community complies with the governing documents. They'll issue penalties to bad actors and diffuse arguments to maintain the peace in your community.
HOA Meetings
Community meetings and board meetings decide the big picture and day-to-day running of the HOA, respectively. When your community leadership fails to run organized meetings, nothing will get accomplished.
HOA managers have plenty of experience running such meetings. What's more, they can use their expertise to execute the community's wishes efficiently.
Get the Best HOA Management Company in Suwanee
These are the major roles and responsibilities of an HOA management company. If you want the best HOA manager in Suwanee, hiring PMI Reliance is the only answer.
We're Suwanee's top comprehensive HOA manager, offering all of the services discussed here and more. To learn more about how we can improve your HOA community, don't hesitate to contact us today.
