Homeowners associations (HOAs) are similar to governments: when they support community interests, the community is content, but when they mismanage its interests, it requests for change. Unlike bad governments, bad HOAs typically suffer from poor planning and management, not corruption, but the poor planning and management can be stressful for residents who invest time and money to have a well-maintained neighborhood. When an HOA has difficulty meeting its obligations to a neighborhood, it often inquires about the benefits of Homeowners Association Management (HOA) -a service that is available from a provider of community association management services. For most HOAs, the following benefits can be extremely helpful:
Collection of Fees
HOA members are often placed in the unenviable position of collecting overdue HOA fees from people they know personally. Consequently, not collecting the fees can be become as attractive as collecting them. An HOA support company eliminates this scenario by acting as a liaison for the HOA. Residents pay fees on time, or the late payments enter the approved collection process.
Collecting late fees concerns more than enabling HOA rules; it is also necessary to give the HOA the financial leverage its needs to meet obligations.
Most HOA neighborhoods require some types of maintenance, from tree trimming to the upkeep of public buildings. Coordinating the maintenance is ideally a job for a company that has experience in overseeing neighborhood maintenance, such as a provider of community association managed services. A homeowners association management company can coordinate maintenance services with a maintenance contractor, and then perform maintenance inspections when the work is complete.
HOA boards typically lack assistance from administrative assistants and secretaries, leaving them with the task of handling all correspondence and accounts that deal with the neighborhood's sponsors and finances. In addition to being overwhelming, these duties may also require expertise that board members do not possess, such as knowledge of business administration or financial management. A HOA support company can handle the administrative needs of a neighborhood, allowing the board members to focus on what they were elected to do: make plans and decisions for the neighborhood.
Residents of HOA neighborhoods expect the HOA to conduct planning for neighborhood improvement. For prestigious neighborhoods, planning often involves the implementation of value-added services such as spa treatments, and the development of unique stores and restaurants. For modest neighborhoods, planning may involve basic services such as snow removal and improved building security.
Neighborhood planning is a task that requires community vision, financial management, and, as the plan falls the point of fruition, project management. An HOA support company can fully support neighborhood planning with these services and others.
Homeowners association management helps an HOA meet its obligations to the community. Available from a provider of community association management services, it supplies an HOA with the administrative support and planning it needs to promote the neighborhood's interests. To learn more about the benefits of HOA management, contact an HOA support company that specializes in neighborhoods like yours.