The housing market in Cobb County is on fire!
Recent data shows home values have risen 70% in the region over the past five years. Markets like this make the protection homeowners associations provide more important than ever. If your home is in an HOA, then you want to make sure that it is as effective as possible.
The best way to strengthen your HOA is with HOA manager services. Read on to learn what they are and what to look for when you want to hire one!
What Can HOA Manager Services Do for You?
Many HOAs are run by boards of elected residents who volunteer their services in addition to their day jobs because they care for their community and property values. Having a board made up of residents is incredibly important, but it also makes for a lot of work that is overwhelming and difficult to accomplish. Retaining HOA manager services helps solve this issue.
Tackle Your Accounts
Accounting in an HOA feels like a full-time job. You have to manage all of the resident dues and stay on top of bills. You don't want to risk missing a bill and getting charged a late fee or losing a relationship with a vendor.
One of the best things that you get with HOA administration services is peace of mind that your books are balanced. In the event that something goes haywire (e.g. a vendor swears you didn't pay them), they have the technical knowledge to navigate the issue.
Take the Stress Out of Enforcement
Georgia HOAs collect nearly $3.2 billion in fees from residents every year. Considering 2,258,000 Georgia residents live within HOAs, that's a hefty sum. If one of your residents isn't paying their dues, then it is the duty of the board to enforce the payment or take legal action.
The same is true for homeowners who fail to abide by the bylaws. Navigating the conversation regarding violations with your neighbors is uncomfortable at best and contentious at worst. Having professionals who step in to manage compliance issues takes a load of stress off your back.
Choosing the Best Community Management Service
You might be sold on the benefits of HOA manager services, but do you know what to look for? You want your management company to be at the top of their game and have knowledge about:
- Current best practices in HOA management
- Local trends in real estate
- Staying on top of the latest legislation impacting HOAs
- How to manage the legal aspects of HOA management
Taking the time to do your research before hiring HOA administration services is the best move for your West Cobb, GA community!
Elevate Your Homeowners Association Today!
HOAs provide tremendous benefits to their residents. It makes sense that you want to ensure that your HOA is as effective as possible. Hiring HOA manager services takes the pressure off the board and helps maximize your property values-what an incredible value!
Are you looking for HOA management solutions? PMI Cornerstone prides itself on providing top-tier service and expert-level knowledge. Contact us today to learn how we can help take your HOA to the next level!
