California has the most homeowners associations in the country, with over 50,000.
Living in one of these associations should come with a wide set of perks, from high property values to a pleasant community lifestyle. It's when you're not experiencing these perks that you have to start asking questions. An HOA only goes as far as its leadership will take it.
Today's post will be all about the role of the community association manager. By hiring HOA management services, you can take a low-quality HOA and turn it into a thriving one. Keep reading and find out what makes a great homeowners association.
Governance and Compliance
HOAs are governed by a single set of rules and regulations that make up its governing documents. Some communities have rules around pets and rentals while some others have rules around noise and landscaping.
It can be tricky for HOA boards to keep rule breakers in line. These boards are made up of volunteers and it can create a difficult power dynamic when they have to enforce rules. That said, if bad actors are left unchecked, it's unfair to the rest of the community.
Part of community management is leveling the playing field for all members of the HOA. The manager will issue penalties, fines, and even liens against delinquent homeowners to set a precedent of compliance in the community.
Accounting Services
HOA homeowners must pay monthly dues to enjoy the perks of their community. These monies go towards everything the community needs to pay for, whether it be new amenities or major repairs.
If the board doesn't have qualified accountants, money mismanagement may occur. When this happens, everyone suffers.
A good community manager will have professional accountants on staff. They'll collect fees, take care of the books, and develop sensible budgets to maintain the financial health of the HOA.
Vendor Coordination
HOA maintenance is important both for the comfort and safety of the community's residents, as well as attracting investors to the community. The more investor interest your community has, the more individual property values will go up.
Some HOA properties are nearly 5% more valuable than similar properties outside of these communities. To ensure the community stays well-maintained, your HOA property management will establish strong relationships with local vendors.
Whether your community needs weekly landscaping or seasonal road cleaning, your community manager will have the right local vendor scheduled and ready to go.
Find the Best Community Association Manager in the Coachella Valley
These are just a few of the main duties of a community association manager. Finding the right residential community management can transform your community into something everyone can enjoy. For those in Palm Springs, PMI Coachella Valley is the best choice.
For years, we've been helping to turn Palm Springs homeowners associations around with next-level HOA leadership skills. As one of the top HOA managers in the area and part of the country's top property management group, we offer all of the services mentioned here and more.
To learn more about us and what we do, contact us today.
