Why Hire a Homeowners Association Management Company?
Residents of condos, townhouses, subdivisions, or gated communities throughout North and South Carolina pay a monthly or annual fee to the homeowner association (HOA). The fee covers the cost of landscape care, regular building maintenance, pool maintenance, and other things to ensure a highly functional and appealing community.
Minor associations can sometimes do these duties independently, but larger homeowners associations can be challenging to manage without help. This is where the question of whether to hire an HOA management company comes in.
Here is a look at why you should consider hiring a homeowner’s association management company.
1. Legal Expertise
Most board members are not likely to have a deep background in terms of legal issues affecting the association. Hiring an HOA management company provides access to legal expertise that may be needed to guide your board decisions. An HOA community manager is more likely conversant with court decisions and laws that can affect the development of the community. Even if they aren’t familiar with the legal issues, an HOA management company will always have professional legal resources and contacts they can always refer to.
2. Handling Collections And Accounting
Collections and accounting are important functions of a homeowners association. However, they can often be complex and overwhelming to manage. More so, it can feel awkward to collect money from your close neighbors. It will hence most likely give you relief after the HOA management company takes over financial management. Hiring an HOA management company to take over financial management will help legitimize your financial image and eliminate any financial indecorum.
3. Help Enforce Compliance
Managing people is one of the most difficult tasks and having someone to help do it on your behalf is a welcome relief. HOAs have set laws, rules, and regulations that all the community members should comply with. Are you dealing with difficult tenants? A homeowners association Management Company can help enforce the set rules and ensure all the tenants comply with the laws.
4. Help Expand Your Connections
Running a community association is a group effort that involves all members of the community and even those outside it. Experts best handle some things, including law enforcement, landscaping, condominium building management, and maintenance. All these need agencies and vendors that are well experienced. An HOA management company has all these valuable links and more. They have a wealth of resources and expertise at hand, and they can connect you to all these.
5. Improved Cleanliness And Safety Of Your Community
One of the significant reasons to work with an HOA management company is site management. An HOA management company professionally handles site management which involves a broad range of tasks. These include; ensuring homeowners follow all rules, maintaining 24/7 surveillance and security, and generally maintaining the property’s appearance and the community.
6. Provide Board Members With Free Time
Taking care and running the issues of a community is a committing job itself and the HOA board members also need time to handle their matters. This could mean that they might not have enough time to run the matters of the community, and projects could be ragging too much. An HOA manager takes up most of the work, including finances, as the members deal with the tasks on the ground. This way, the board members will also have enough time to attend to their personal matters.
7. Increased Community Property Value
The value of a property is highly affected by its location. The HOA management company works to ensure the community area converts into a safe and pristine area which automatically increases the overall value and price of the community homes. Through its various services, an HOA company will ensure the real estate value of your community goes up significantly.
Bottom Line
Achieving a successful community is a project in progress. The HOA board should ensure they hire the right Homeowners Association management company to help in the effective running and management of the community. There are many reasons and benefits of hiring the right HOA management company, and these are just the tip of the iceberg.
Homeowners Association Management Company in the Carolina’s
Please consider Revelation Community Management. Bringing elite management services to communities in North & South Carolina. Contact us today!