HOA Property Managers: Providing Professional Expertise to Homeowners Associations

HOA Property Managers: Providing Professional Expertise to Homeowners Associations

How many hours a day do your community board members dedicate to bettering the community? The US's 2.5 million community association board and committee members perform 98.5 million hours of volunteer service each year. Without help, your community members won't have time to enjoy living in your beautiful HOA.

Instead of having them do it all alone, consider requesting help from local HOA property managers. The most experienced property management company set communities in Katy up to grow.

How do they do it? Read on to find out!

Policy Enforcement

Your property managers will ensure all members adhere to the community's governing documents. Enforcing the rules will ensure your community is a safe, fair place to live. Enforcing community policies will:

  • Provide clear governance
  • Preserve community aesthetics
  • Promote property value preservation
  • Help avoid disputes

You don't have to feel uncomfortable enforcing the rules on friends or neighbors.

Administrative Tasks

Daily administrative tasks can become time-consuming if you're responding to multiple inquiries alone. Choose a company that uses state-of-the-art technology to streamline these processes. Their tools and resources will save you valuable time.

Financial Administration

The best homeowners associations are in good financial health. However, maintaining an association's finances can become a challenging responsibility. Consider outsourcing this task by requesting management services.

The average monthly HOA fee is $170. However, your members may need to pay more to cover the community's expenses if you're not properly managing the finances. Property management companies handle:

  • Handling payroll for HOA employees
  • Preparing and maintaining financial records
  • Processing HOA dues and fees
  • Assisting with financial planning
  • Providing documents to the board of directors
  • Preparing and filing tax returns
  • Managing the budget

Allowing your HOA property managers to handle these tasks can ensure the community's long-term financial health. Otherwise, collecting delinquent fees from friends and neighbors can become stressful and daunting. Your property managers will ensure the success of community assets.

Vendor Coordination

To keep your community in the best possible shape, you'll need to schedule ongoing maintenance projects. However, not every local contractor is reliable. Your property managers can research and gather bids from multiple companies.

They'll ensure you choose reliable vendors at the best possible prices. Maintaining the community can make it a more desirable place to live. Maintenance projects can boost property values, helping attract new members.

Look for property management companies that offer maintenance and building management services. These services include:

  • 24-hour availability/on-call maintenance
  • Common area inspections
  • Architectural request tracking
  • Online maintenance
  • Work order management
  • Obtaining competitive bids
  • Coordination and management of Reserve Study
  • Vendor insurance tracking
  • Management of all maintenance tasks

Your property manager will keep up with common areas. These include the grounds, gates, and common buildings.

Reduce Risk

Choose property management companies that offer legal services. They'll help you remain compliant with local and federal laws and regulations. Failing to keep up with new laws could lead to compliance issues and fines.

Hire Your HOA Property Managers Today

Your volunteers don't have to continue managing the community alone. Instead, request help from local HOA property managers. Leveraging their management services can set your community up for lasting success.

Need immediate help with communities in Katy? Choose our team at PMI Prestige.

We have nearly 20 years of experience helping homeowners associations in Katy thrive. Contact us to request our management services!