If you count yourself among the 22% of Georgians who live in homeowners associations, you may be wondering why your community isn't operating as well as others.
Every HOA has a different modus operandi, but if you're not experiencing the basic perks of HOA living, it might be time for a change. HOAs are governed by a board of directors who have the community's best interest in mind. The only issue is that these people are volunteers and not professionals.
A lot of HOA tasks require professional expertise. In this post, we'll explain how an HOA property management company can bring professionalism to your West Cobb community association.
Keep reading, and you'll see that professional community association management will benefit every last member of your HOA.
Money Management
HOAs depend on smart budgeting and bookkeeping to function properly, maintain high property values, and keep fees low for homeowners. If your HOA treasurer doesn't have experience managing large sums of money, you're going to have problems.
An HOA manager brings such expertise to the table. With professional bookkeepers on staff, they'll look at the money coming in and budget sensibly so that the community thrives. A good budget allows the community to pay for regular maintenance, upcoming projects, and any emergencies that arise.
Vendor Coordination
One of the big perks of living in a West Cobb HOA is having maintenance and amenities dealt with. HOA boards don't take care of maintenance themselves, however. They use HOA money to hire local vendors to do it, whether it's garbage collection or landscaping.
If your HOA board is bad at vendor coordination, the community can quickly fall into disrepair. When this happens, it affects the desirability of the community, which lowers property values.
A good HOA manager is diligent about community maintenance. They'll come to the table with existing vendor relationships, so all important tasks are scheduled as needed.
Governance and Compliance
HOAs govern dozens of homeowners. Whenever you gather this many people under a set of rules and regulations, you're going to have dissension. HOA governance is one of the most difficult HOA board tasks.
When a homeowner disobeys the rules, they should be given a penalty. A volunteer board member issuing this penalty creates an unsavory power dynamic.
Homeowners association property managers are well-versed in community governance. They'll ensure that all homeowners comply with the rules or be punished with fines and penalties.
Running HOA Meetings
HOA meetings are where homeowners get to have their say in how the community operates. Important decisions are made at these meetings, but only if they're well organized.
Bringing professionalism and expertise to the table, your HOA management will ensure that meetings are fruitful. Once the community reaches a consensus about an issue, the HOA manager will put the plans into action.
Hire the Best HOA Property Management Company in West Cobb
If you hire the right HOA property management company, you'll get all of these perks and more. For years, PMI Cornerstone has been helping West Cobb's community associations thrive.
From governance and compliance to accounting, we take a huge burden off of your HOA board. Contact us today to learn more about our helpful HOA services.
