Imagine an HOA that practically ran on its own; no lost documents, no confusing meeting minutes, no missed calls. With help from an association management group, it's possible!
An experienced HOA management company can help your community reach its goals without going over budget. On the fence about requesting help?
Read on to discover how HOA management can support your community today.
Rule Enforcement
North Carolina ranks ninth in the country with the most HOAs per capita. About 27% of homes (1.2 million) in the state are under an HOA. However, every HOA has its own rules and regulations.
The best HOA management company will ensure that all community members comply with the rules, regulations, and laws. Board members may feel uncomfortable enforcing rules on friends and neighbors. An HOA manager can step in as a neutral third party, allowing you to avoid disputes.
HOA Finances
Managing a homeowner association's finances can put a lot of pressure on board members. Everything from collecting overdue delinquent fees to finding funds can feel stressful. These responsibilities can put a strain on relationships between friends and neighbors.
Consider hiring an HOA property manager. Their financial administration services can help your community find new ways to remain financially stable. Your financial health will ensure the community's success.
Increase Appeal
The best association management group will have connections with local contractors. They'll hire the best vendors to ensure the community's aesthetic appeal. Improving the community's curb appeal will boost property values.
About 99% of realtors say curb appeal can help your home fetch a higher price on the market. It could add 7 to 14% to the sale price on average.
Hiring reliable, experienced, trustworthy vendors can help you avoid stressful situations. Your HOA manager can also find competitive bids to ensure you remain on budget.
Maintaining the community will ensure the neighborhood's safety. You'll have fewer replacement or repair costs in the future. Maintaining the aesthetic appeal will help you attract future residents.
Your current residents will take more pride in the community, too.
Save Time
Your board members are volunteering their free time to help the community. Unfortunately, there aren't enough hours in the day to juggle multiple responsibilities. Some projects can fall to the backburner if volunteers are stretched too thin.
Your board members could experience burnout if they don't have help. An experienced association manager can step in and offer support.
Their services will save your board members time and energy. Your community manager will have access to resources and technology to ensure efficiency. With their help, you'll have peace of mind knowing projects won't fall through the cracks.
Hire Association Management Group Experts
You don't have to manage your HOA alone. HOA-managed neighborhoods are the ones that thrive, even with a little help. Consider requesting professional services from an association management group today.
Working with an experienced real estate asset management company can make all the difference to your HOA's success. PMI Queen City has over 20 years of industry experience. Contact us today to discover how we can become an asset in your community's future!
