Association Management: A Comprehensive Guide to Successful Operations

Association Management: A Comprehensive Guide to Successful Operations

If you own one of Arizona's 875,000 HOA-bound homes, you may be wondering why you aren't seeing as many perks as other HOA homeowners.

Every HOA is built differently with different governing documents. How your association benefits you will depend heavily on the quality of your leadership. It's important to remember that your HOA board of directors is made up of volunteer homeowners, not professionals.

If your HOA isn't giving you what you need, you may consider hiring association management. In today's post, we'll explain what HOA management does and how they can help your community prosper. You don't have to settle for living in a second-rate HOA, so keep reading and learn how to make a change.

HOA Accounting

One of the most important tasks for HOA leadership is collecting HOA dues from homeowners. The money generated from these dues should cover everything the community needs, from upkeep to upgrades.

The only issue is that managing such a large amount of money requires a lot of expertise. HOA management services have professional bookkeepers who can maximize your community's funds. They'll balance books and create budgets that keep property HOA fees low, property values high, and happiness even higher.

Governance and Compliance

Every HOA in the country has its own set of governing documents. Many of them follow the same general guidelines, but your specific leadership will put its own personal touch on the rules and regulations.

Whenever you have rules governing the actions of dozens of homeowners, you'll run into problems. It can be very awkward for HOA board members to enforce the regulations, as it creates a power dynamic in the community.

Property management staff have no issues enforcing the rules. They'll issue penalties to bad actors and diffuse conflicts for greater community cohesion and harmony.

Community Maintenance

One of the great perks of HOA living is being in a well-kept community. This doesn't just happen, however. It requires a lot of vendor coordination on the part of your HOA leadership.

If your HOA board isn't good at vendor coordination, the community will fall into disrepair. Property values will fall with it and you'll suddenly have no advantage over any other Phoenix real estate.

Hiring an HOA property manager gives you built-in vendor relationships. Whatever your community needs, whether it's hedge trimming or pool cleaning, your HOA manager will arrange it on a regular basis. You'll never have to wonder where your HOA fees are going.

Community Engagement

Another important aspect of HOA living is a sense of community. In an HOA, you and your fellow homeowners have the final say in what happens to your community. Whether it's regarding amendments to governing documents or new amenities being constructed, you all get together to decide the future.

This is all done at community meetings. An HOA manager will ensure that you have organized community meetings. They'll make sure every homeowner's voice is heard and that plans are promptly enacted.

Get the Best Association Management Today

These are just a few of the many perks of quality association management. Having an experienced professional at the helm of your HOA will improve the quality of life for every single homeowner.

PMI PHX SW is Phoenix's top property management service. Contact us today to learn how we can help your HOA thrive.