About 73.9 million Americans reside in homeowners associations and condominium communities (more now than ever before!). North Carolina is among the top five states in the nation with community associations. However, not every community association operates alone.
Consider hiring a home owners association property manager this year. Relying on their experience and expertise can help your HOA operate more efficiently. On the fence?
Read on to discover why you can rely on an HOA property manager before making your choice!
Save Time
There are over 296,200 property management businesses in the US. Some have decades of experience and expertise behind them. You can rely on your HOA property manager's local knowledge to save time and minimize stress.
An experienced property manager will understand Charlotte's legal and regulatory framework. They'll ensure you remain compliant to avoid costly lawsuits.
You can also rely on their proven strategies to save valuable time. Their services can streamline:
- Collecting dues and HOA funds
- Handling disputes between homeowners
- Scheduling repairs
- Maintaining the building's infrastructure
As a board member, you can dedicate more time to bigger projects.
Reduce Costs
Experienced HOA property managers have access to resources you don't as a board member. For example, they can find discounts on supplies and equipment. They also know of local vendors who offer competitive rates.
Their buying power can save your HOA funds over time.
Improve Communication
Your HOA property manager can communicate with the community association on your behalf. Increased communication can lead to better accountability and transparency.
Homeowners will feel confident they can call on someone when they have questions or concerns.
Meanwhile, you won't have to respond to every call or email alone.
Detailed Reports
Your property manager can send routine, detailed reports that indicate:
- What needs to be done
- Upcoming events
- Upcoming repairs
- How money is being spent
This information can help you remain organized and efficient. It can also help the HOA make more informed decisions to ensure the property is being taken care of.
Vendor Management
Your Charlotte HOA property manager can find and negotiate contracts when there are repairs to complete. They'll hire reliable vendors who will remain on schedule.
Completing repairs on schedule can keep homeowners happy. It can also save the HOA money.
Legal Services
An experienced property manager can provide legal advice as needed. They can review contracts, handle evictions, and offer guidance regarding enforcement actions.
For example, they can help if you need to take action against homeowners in violation of the association's rules.
Handling these situations as a board member can be stressful, especially if the homeowner is a friend. Allowing a reliable third party to step in will give you peace of mind.
Hire a Home Owners Association Property Manager
Working with an experienced home owners association property manager can save you time, money, and stress. You'll have an easier time running your HOA by relying on one of Charlotte's top management companies.
Want to experience these benefits firsthand? We're here to help.
Contact the team at PMI Queen City today to request help from an HOA property manager.
