There are over 20,000 HOAs in Texas alone, housing millions of homeowners.
If you're looking at your HOA and wondering why it's not operating at an optimal level, it might be time for HOA management. Houston association management can come in to support your HOA board and turn your community around.
In today's post, we'll explain exactly how an HOA management company does this and how homeowners benefit. Read on and look forward to a brighter future with Houston association management.
HOA Accounting
One of the most important aspects of HOA management has to do with the community's financial accounts. The community is funded by the monthly HOA dues that every homeowner pays. These funds are dictated by the budget and accounting, as laid out by your HOA treasurer.
The main issue that many HOAs face is that the people doing the accounting aren't accountants. If you want to ensure the HOA needs are met to increase property values and keep HOA dues low, you need someone with accounting experience at the helm.
HOA management companies have accountants on staff with experience specific to HOA communities. They'll ensure there's always enough money to cover needs with a reserve fund to handle emergencies.
Vendor Coordination
HOA members expect their community to be well-maintained. This is a major reason why HOA property values are as much as 4% higher than properties outside of communities. If your HOA leadership doesn't arrange for regular maintenance, the community can quickly fall into disrepair, lowering property values along the way.
HOA property managers ensure maintenance is diligently dealt with. They come into the equation with existing vendor relationships to serve the community's every need. Whether it's garbage pickup or landscaping, a great local vendor is a call away for an HOA manager.
Governance and Compliance
Every HOA is governed by a specific set of rules and regulations. These outline how community members should act and present their properties. Typical governing documents include rules about pets, property rentals, parking, noise, and a variety of other important matters.
Whenever you have dozens of homeowners gathered under a single set of rules, you'll have friction. It can be tricky for HOA board members to enforce the rules, as it creates an uncomfortable power dynamic.
HOA managers don't have this problem. They'll issue penalties to bad actors and mediate conflict to provide more harmony in the community.
HOA Community Meetings
HOA community meetings are where important matters are discussed. All HOA members should have an opportunity to raise questions and concerns about how their community works. If your meetings aren't organized, it's because your HOA board isn't organized.
HOA managers have ample experience running HOA meetings. They'll support your board and make sure everyone's voice is heard. Once matters are decided upon, they'll also enact the community's wishes.
Get the Best Houston Association Management
This is what you can expect from HOA management, so how do you find the best Houston association management?
PMI Fine Properties is part of a major nationwide property management firm. We offer comprehensive HOA management services, including everything we've discussed here. Contact us today to learn more about how we can help your HOA thrive in 2024.
