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Are you struggling to improve the value of your HOA? The approximate property value of all owned homes in HOA communities is $11 trillion. With help from property management experts, you can exceed the average.
In fact, property management companies manage 60 to 70% of all HOAs in America. A team of professional association managers can ensure your community's success.
Not sure if you need Hoover, Alabama services? Read on to learn more before deciding!
What Are Association Managers?
Professional managers ensure the smooth operation of homeowner associations. They can bridge the gap between the HOA board and residents. Their services and expertise can help your community thrive.
Choose a full-service property management company. These teams offer a range of services to help communities flourish. They can customize their service offerings based on your community's needs.
Their roles in community management may cover:
- Accounting and reporting
- Assessment collection
- Board member assistance
- Calendar and scheduling
- Community communication
- Compliance and inspections
- Document management
- Maintenance and inspections
Here are a few ways these services can support your community.
Financial
Thorough financial management can ensure your community's growth and long-term success. Experienced association managers help with budgeting and financial planning. Your residents can feel confident that the community's resources are well-managed.
Financial services may include:
- Preparing and maintaining records
- Providing the board with financial reports
- Financial planning and decision-making
- Processing HOA dues and fees
- Handling payroll for employees
- Preparing and filing tax returns
- Managing the HOA'sbudget
Many community associations increased dues by 10 to 15% to keep up with inflation. If residents can't pay dues, the HOA can evict them.
Working with an association manager can improve the community's financial health. You could discover ways to avoid increasing dues and evicting residents.
Maintenance
Improving the community's visual appeal can increase property values. Your association manager can handle:
- Online maintenance and work orders
- Common area inspections
- Vendor insurance tracking
- Maintenance plan management
- Obtaining competitive bids for services
- Architectural request tracking
They'll remain available 24 hours a day to handle maintenance requests. Keeping the community in good shape can attract new members.
Administrative Management
Are your volunteers spending hours each day responding to calls and emails? Allow your property management experts to step in. They can tackle:
- Communicating with authorities as needed
- Membership inquiries
- Selecting insurance providers and policies
- Organizing and attending membership meetings
They'll also enforce the community's covenants, conditions, and restrictions. This will make the community a fair, harmonious place to live.
Benefits of Working With Professional Managers
Your association manager can offer expert guidance. They'll help you navigate the intricacies of real estate and association management. Their recommendations can lead to lasting community growth.
Working with a community management team can reduce the work and stress load on your volunteers. Instead, they can enjoy living in your gorgeous community.
Request Professional Hoover, Alabama Services
You don't have to manage your community alone. Instead, rely on experienced association managers. Their services can help your community thrive long-term.
Our team at Birmingham Region takes the time to understand and appreciate each community's individuality. We'll customize our approach to meet your unique needs.
Trust our innovative strategies, award-winning services, and strong record of success. Contact us now to request a free bid.
