Community association board members volunteer 98.5 million hours annually toward their duties. This is a huge sacrifice made to protect the interests of their fellow homeowners.
Yet there is a simple, cost-effective way to take the pressure off these HOA board members.
Keep reading to explore the benefits of hiring a community association management company in Greenville, SC.
1. Expertise and Experience
Most HOA board members are volunteers. They often lack the professional expertise to perform their duties most efficiently.
A community association manager has years of experience in property management.
They have the skills to perform the many day-to-day duties involved in managing a community association. They can offer concrete solutions to problems thanks to their years of experience.
Some of these expert services include:
- Compiling annual budgets
- Enforcing HOA fee collections
- Submitting financial reports to the board
- Tracking and processing payments
- Tax preparation and submission
An HOA property manager attends HOA meetings and offers their input. The HOA board still has the final say in all matters.
2. Maintains Property Values
Homes in most HOAs cost around 4% more than similar properties. That's because homeowners will pay higher prices for access to the desirable shared amenities on offer.
Many community associations offer common recreational facilities like swimming pools and gardens. Homeowners pay HOA fees to maintain these common areas.
On-site community management services help ensure your community members get their money's worth. Their services include:
- Routine maintenance
- Necessary upgrades and repairs
- Managing vendors and contractors
- Ensuring prompt payment for services
- Supervising any work-in-progress
- Implementing security measures
- Arranging community events
Thanks to their industry connections, a community manager can secure the best prices for materials and services.
3. A Community Association Management Team Is Impartial
As members of the community, it's often difficult for HOA board members to deal with their neighbors and friends on sensitive issues. These include justifying fee increases, managing disputes, and collecting HOA fee payments.
Enforcement of HOA rules is another area where conflict can arise between board members and their peers.
A community association manager serves as a neutral third party in these interactions. They treat all homeowners impartially. This helps avoid potential ill feelings between homeowners and HOA board members.
4. Non-Stop Customized Services
Community managers are also on call 24/7. So, they're always available to service homeowners' needs.
In the event of an emergency, they have contractors on call for emergency repairs to save money and limit the damage.
When you sign up with an HOA management company, you can choose as many services as you need. For instance, if you have an accountant on your HOA board, you can forego assistance with financial management.
This ensures cost-effective solutions for every community association.
Save Time and Money With Community Management Services
Community association management services help free up your board members' valuable time. They help save your community money and streamline the day-to-day tasks associated with managing an HOA.
Are you ready to reap these benefits and more? Reach out for help with managing your community association in Greenville, South Carolina.
