There are several types of community mismanagement, but they all have the same result: the residents of a community are disappointed by its failure to uphold neighborhood standards or deliver on promises. When HOA neighborhoods have difficulty meeting their obligations to residents, community management companies can help them meet the obligations, but the key is to know when the assistance of a management company is needed. When a neighborhood faces one or more of the following problems, it may need the help of an organization that renders community management services for HOA neighborhoods:
Unkempt properties are an obvious sign that an HOA is out to lunch. Although most members of HOA neighborhoods are happy to maintain their property and keep it beautified, some members ignore neighborhood rules, and let their property become an eyesore. An HOA support service can ensure properties remain properly maintained by issuing warnings and penalties to non-compliant property owners.
Outstanding Homeowner Fees
Outstanding homeowner fees are never pleasant to collect, but leaving them uncollected limits the ability of an HOA to support the neighborhood financially. If a neighborhood has thousands of dollars in uncollected dues, collecting them with the help of an HOA support service is an excellent way for the neighborhood to become financially current.
Low Return for Homeowner Fees
Different neighborhoods invest homeowner fees in different ways. Some charge low fees and use them strictly for maintenance, while others charge high fees and use them for a combination of maintenance, annual projects, and service support. Regardless of how a neighborhood invests its fees, it is the job of the HOA to ensure the fees are invested as planned. If they are not, and financial mismanagement is to blame, community management companies can help.
HOA Board Lacks the Time to Address All Business Matters
Community management services provide administrative support to HOA boards that lack the time to give business matters the attention they deserve. For HOA boards that are composed of members who have other jobs, receiving the administrative support of a management service can be essential.
Increasing Number of Empty Homes
If there is one thing that no HOA community wishes to see, it is an increasing number of empty homes in the neighborhood. Empty homes can make a neighborhood seem unappealing to potential buyers, and it may indicate a degree of discontent among residents.
Unfinished Neighborhood Projects
Unfinished projects can be the result of several things, such as poor financial planning, lack of initiative, and poor project management, to name only a few. Regardless of their cause, unfinished projects can make a neighborhood frustrating for its residents and unpopular with prospective homebuyers – two things no HOA community wants to happen.
Community management companies help HOAs improve neighborhood management and meets the expectations of residents. If your neighborhood faces one of more of the problems above, its HOA board should consult with a company that offers community management services. To learn more about the benefits of using an HOA support service, contact an HOA support service that specializes in neighborhoods like yours.