If your homeowners association isn't giving you what you need, it might be time for a change.
HOA living should provide you with a particular set of perks that other homeowners don't have. There's plenty of evidence out there, however, that they can cause more headaches for members. If this is the case for your San Antonio HOA, hiring homeowners association property management is the answer.
Today, we'll discuss HOA management company best practices and how they can benefit your community. Keep reading and you'll see that HOA living can be all you wanted it to be with the right help.
Managing HOA Money
A community's finances are made up of individual homeowners' HOA dues. These pay for everything that the community needs, so they fluctuate depending on the state of the HOA, as well as the quality of its financial management.
Most HOAs rely on a volunteer treasurer to deal with fee collection, bookkeeping, and budgeting. This is where a lot of issues arise.
You need someone with experience to properly manage the large sums of money going through an HOA. HOA managers have professional accountants on staff who can turn your community's fortunes around.
Enforcing HOA Rules
HOA rules and regulations tell homeowners what they can and can't do. They could include clauses about pet or rental allowances, how individual properties should look, and quiet hours, among other things.
Every HOA has to deal with rule breakers. If your HOA board isn't up to the task of issuing fines and penalties, your community could be torn apart at the seams.
HOA management has no problem handling bad actors. They'll keep bad actors in line and diffuse conflicts between homeowners to promote harmony in your association.
Increasing HOA Board Communication
There are two types of HOA meetings - board meetings and general meetings. Community-wide meetings allow homeowners to voice their opinions and get on the same page. Board meetings get more into the day-to-day running of the association.
Both are integral to the success of your community. HOA managers can sit in on both types of meetings, helping to improve communication and organization. More effective meetings help the community move forward and do the things it wants to do.
Improving HOA Maintenance
HOA maintenance is essential for the safety and happiness of the community's members. It's also important for making the community desirable to investors, which increases property values.
Vendor coordination is at the heart of this matter. An HOA board will bring quality local vendors on board, creating contracts and schedules to ensure all community needs are satisfied.
Get the Best San Antonio Homeowners Association Property Management
Now that you understand homeowners association property management best practices, you can find the right property manager for your HOA. In San Antonio, the answer to your HOA woes is PMI Brightstar.
We're a full-service HOA management company and a subset of one of the largest property management firms in the country. To learn more about what we do and how we can improve your community, contact us today.
