There are well over 20,000 community associations in Texas today, but not all of them serve their residents well.
You don't have to look far to find horror stories about HOA mismanagement. A community association should always benefit those living in it, not hinder their quality of life. If you're having issues with your association, it's time to look into hiring an HOA manager.
Today, we'll explain how community association management companies serve HOAs. You don't have to settle for poor HOA living. Keep reading and learn how HOA property management can lead you to a brighter future.
HOA Maintenance
Keeping a community in good shape is important for a myriad of reasons. Not only is it crucial for the safety and comfort of the people living in the community, but a well-maintained community is also enticing to property investors.
When you have investor interest, it leads directly to higher property values. Some communities have homes that are up to 4% more valuable than similar homes outside of the community. A community association manager will ensure that your HOA is always looked after by local vendors.
Good HOA property management companies will come with built-in vendor relationships. Whether it's bi-weekly recycling pickup or seasonal gardening, the right vendor will always be on schedule.
Collecting HOA Fees and Accounting
All community members must pay their HOA fees to live in the association and experience the benefits. This money is then pooled together to pay for everything that the community needs, from maintenance to new amenities.
Your HOA manager will collect HOA fees and perform all accounting duties. If you have poor accounting, it'll cause your HOA fees to rise. Property managers have experienced accountants on staff to ensure the community has what it needs with the resources coming in.
Rules and Regulations
Another aspect of HOA living has to do with living under particular guidelines. Every community has governing documents that outline what community members can and can't do.
Often, you'll see rules around renting out properties, pets, and landscaping. Anytime you try to govern dozens of homeowners, you're going to run into rule breakers.
It can be awkward for your HOA board to deal with rule breakers, as it creates an uncomfortable power dynamic. Your HOA management service will have no problems issuing penalties and solving problems between homeowners to ensure harmony in the HOA.
Meetings and Planning
HOA meetings are where the community can come together to make plans and solve issues. If you don't have organized meetings, they'll never amount to much and nothing will ever change.
Community managers know how to run effective meetings that allow everyone to voice their opinions. What's more, they can enact whatever the community decides.
Finding the Right Community Association Management Companies in Katy
There are plenty of community association management companies out there. If you want the best, however, you need PMI Prestige.
As part of one of the largest association management firms in the country, we offer a wide range of services that includes everything discussed here and then some. To learn more about what we do and how we can help your HOA thrive, contact us today.
