Georgia is home to over 11,000 HOAs, but not all serve their residents in the best possible way.
Being part of an HOA should give you a wide set of perks, from higher property values to daily maintenance. If you're not getting these things, it's usually because your leadership lacks the expertise and resources to do so.
That's when it's time to hire community association management. In today's post, we'll explain how HOA management services work and what they can do to provide you with more HOA perks in 2024. Keep reading and take your association to another level this year.
Accounting Services
One of the most important services that an HOA manager provides is professional accounting. All HOA homeowners must pay their HOA dues to experience the benefits of their association. That money is then combined to pay for whatever the community needs, from maintenance to amenities.
When you have poor accounting, the HOA funds won't cover the community's needs and fees will have to go up. Your community needs someone who understands how to deal with fee collection, bookkeeping, and budgeting. Community property management can address these things to improve the financial health of your HOA.
Property Maintenance Solutions
Among the most enjoyable HOA perks are regular property and community maintenance. Property maintenance is important for two main reasons: it improves the comfort and safety of HOA residents, and it brings greater interest from outside investors.
When you have investors wanting to buy property in your HOA, it pushes property values up. Some HOA homes have property values around 5% higher than similar non-HOA homes.
Community maintenance hinges on vendor coordination. A good HOA manager will bring quality local vendors to your community. These people will handle everything from seasonal landscaping to weekly trash removal.
Association Governance
All HOAs have governing documents that outline the unique rules and regulations community members must abide by. Of course, governing dozens of homeowners with a single set of rules is difficult.
A community manager's job is to keep bad actors in line. They'll issue penalties and fines, not to mention that they'll diffuse arguments between homeowners. This will improve the overall cohesion within your HOA.
HOA Meetings and Planning
To get all HOA members on the same page, you need to have regular HOA meetings. At these meetings, the community will discuss all important matters, from rule amendments to new amenities. If your leadership isn't running organized meetings, they'll never amount to much.
A neighborhood management service can run such meetings. Not only will they ensure all members have a chance to raise their voices, they'll take the community's wishes and turn them into a reality.
Choose the Best Community Association Management in West Cobb
Community association management can improve your HOA in these ways and more. To experience these benefits, however, you need to find the right community manager.
For HOAs in West Cobb, the only choice is PMI Cornerstone. As a top HOA management company and part of the largest property management group in the country, we're uniquely qualified to turn your HOA around. Contact us today to learn more about our amazing services.
