Imagine your HOA community thriving. Everyone pays their dues on time, the community is financially healthy, and property values are rising. With help from association management companies, this is a reality for many communities.
An experienced association manager can offer a range of services to help improve your community. On the fence? Read on to learn how their services can ensure community development!
Administrative Services
Administrative work can become time-consuming, especially if you're short on volunteers. The 2.5 million community association volunteers perform 98.5 million hours of service every year. Many of those hours are dedicated to admin work.
While managing your HOA community, your property manager can assist with daily administrative tasks, including:
- Document preparation
- Meeting facilitation
- Record keeping
- Scheduling
- Document management
They can also provide customer service. Responding to existing and future community members is essential. If someone isn't available to answer their questions, they could grow frustrated.
Look for an HOA management company that uses state-of-the-art technology. Their tools and resources can streamline operations. They'll minimize human error while improving efficiency.
Maintenance and Repairs
Maintenance is an essential aspect of community development. Neglecting to schedule routine maintenance can hurt the community's aesthetic appeal. Buildings can start to crumble if they're not well-maintained.
A great community manager can take care of your Jefferson properties. They can contact local vendors to gather competitive bids. They'll choose experienced contractors while helping you find ways to save money.
Keeping up with maintenance and repairs will ensure the community is in the best possible shape. They can improve the community's aesthetic appeal and property values.
They can plan and implement maintenance projects while ensuring vendors stay on schedule. They can also help you budget for future projects.
While managing your HOA community, your property manager can schedule routine inspections. They'll ensure you remain compliant, allowing you to avoid serious fines.
Financial Management
Without proper financial management, you may need to increase the HOA's monthly dues. The national average monthly HOA fee is $170. However, some communities have raised dues by 15% due to inflation.
These fees cover:
- Electricity for common areas
- Trash removal
- Snow removal
- Grounds maintenance
- Landscaping
- Gate security
- Pest control
- Pool maintenance
- Fire alarm systems
Without these services, your community may not become a desirable place to live. Financial issues can keep your community from thriving.
To ensure long-term community development, talk to an association manager about their financial services. They can help you develop a budget. They'll also create regular financial statements to ensure transparency.
Community members will appreciate knowing how the community is spending their fees. Meanwhile, you can avoid spending on unnecessary expenses.
Rely on Association Management Companies
Your HOA community can thrive under proper management. Consider looking into association management companies in Jefferson. Their professional services can help your community reach its full potential.
Want to rely on these services firsthand? Look no further than PMI 23 East. We have nearly 20 years of industry experience helping communities like yours.
Contact us today to schedule a consultation appointment to discuss your Jefferson community's long-term development.
