6 Reasons To Hire a Community Association Management Company

Community association management companies work with homeowners associations (HOAs) and a board of directors to assist with decision-making, budgeting, and upkeep. They help to make a community more comfortable and enjoyable for residents. Here are a few reasons to hire a community management company:

1. Financial Management

Management firms provide assistance with budgeting and financial planning for a community. This includes preparing reports on past and future expenditures. If the HOA wants to invest in community improvements and amenities, the management company will help make sure the funds are available to complete the project.

A management company will also assist with billing and payment reminders for residents. If a resident is late on a payment, the manager will oversee the notification process and charge any necessary late fees. Staying on top of billing makes sure that residents do not fall too far behind and that the community has the financial resources to fund future projects and events.

2. Conflict Resolution

At times, there may be disputes between residents or between a resident and the HOA. The management team will mitigate these disputes, helping to provide an unbiased third-party perspective. If a resident violates a community rule, the management team takes action to issue warnings or fines. Hiring a neutral party to manage negotiations helps keep the peace within a community.

3. Community Upkeep

Community association management companies offer maintenance oversight for HOAs. Keeping property areas clean and well-maintained can be time-consuming for board members to coordinate alone. Management firms will hire the necessary landscaping and maintenance teams to care for public areas like fitness facilities, clubhouses, parks, and parking spaces. These teams will oversee garbage disposal, snow removal, and pool cleaning. If common area parts are worn out or broken, the management firm will contact and schedule repairs with the proper contractors. This helps contribute to the property value and appeal of the community, making it more attractive to potential investors.

4. Rule Compliance

Management teams verify that community members comply with public rules and regulations. Such rules may include quiet hours, trash disposal methods, and cleanliness standards for public areas. If a resident does not park properly or does not have a parking permit, the management team will enforce fines. When residents want to make alterations to their property, the community management service reviews their proposal to make sure it does not violate the regulations set by the HOA.

5. Resident Communications

Association management teams oversee communications between residents and board members. They notify residents of upcoming events like fairs, farmers markets, and races. If there will be maintenance on a public building or road, they let residents know so they can make alternative plans. Depending on community preferences, management companies send out these communications using emails, texts, or member portals. Maintaining regular contact with residents and board members will help communities stay current on public issues and events.

6. Time Savings

Board members are responsible for assessing the community’s needs, developing policies, changing infrastructure, communicating with residents, and more. Certain administrative tasks can be time-intensive, requiring members to create lengthy reports and organize documents. Instead of spending hours handling routine tasks, board members can offload much of the work to a management team. This frees the board to focus on tasks like policy-making and project planning. A management team will increase process efficiency so the board members can spend time on the most urgent tasks.

Hire a Community Association Management Team

Community management teams offer time savings and streamlined processes for board and community members. They verify that communities comply with local laws, resolve disputes quickly, and facilitate regular communication with residents. Start your search for a reputable community management company today.