A good association management group can make or break your Jefferson, GA, neighborhood. If residents trust the HOA board and engage in community meetings, it results in effective association governance and happy residents. On the other hand, if locals don't trust their community management services and don't engage with events, it harms cohesion and house prices.
Would you like to learn more about the benefits of community management services? Read on to learn more about these crucial administrative solutions.
HOA Expertise
Association management groups are key to improving HOA governance. They'll help the community with things like:
- Legal compliance
- Conflict resolution
- Accounting and financial management
- Running effective events and meetings
- Efficient project management
- Property management
A HOA has many responsibilities, and while local volunteers can help, it's usually necessary to work with professional association management groups to cover all of these bases. Professional HOA managers also have an address book full of useful contacts, so if they lack personal expertise, the relevant expert is only a quick phone call away.
Financial Management
While HOAs involved in fraudulent financial activity are rare, news stories about HOA accounting scams tend to stick in people's minds. For example, an article by the Associated Press describes how a Miami HOA board stole millions from the community they were supposed to govern.
Accusations of fraud quickly kill trust in the HOA, so an association management group needs to keep meticulous records. Financial records should be freely available and presented in a clear format for all residents to see. With diligent accounting records, the HOA board proves to residents that they're using HOA funds responsibly, earning the trust of the community.
Effective Project Management
Many HOAs offer luxury amenities like swimming pools or tennis courts. These require meticulous maintenance to prevent them from falling into disrepair. But, there's more to the process than simply calling in contractors to make repairs.
HOAs are totally funded by residents, so the board has an obligation to spend that money wisely. According to IBM, preventive maintenance is always more efficient than making repairs, so the HOA needs an effective maintenance schedule. They also need to stay on top of things with frequent inspections.
One of the big property management benefits when working with effective management is that they use their extensive professional network to get the best price on routine maintenance checks. If you want to live in a well-run community, effective community management is key.
You Need an Effective Association Management Group
If you want a thriving community full of happy residents living in homes that consistently appreciate value, you require a competent association management group at the helm. Given the varied responsibilities of a HOA, bringing in outside expertise is your best option.
Here at PMI 23 East we have decades of experience helping Jefferson communities boost house prices and improve HOA governance. Are you looking for first-class community leadership based on the most up-to-date management efficiency tips? Contact us today and find out why so many HOAs here in Georgia choose a PMI association management group to handle their governance needs.
