According to the Foundation for Community Association Research (FCAR), 86% of homeowners living in communities with homeowners associations (HOAs) rate their experiences as "very good," "good," or "neutral." Nearly three-quarters also say their community managers provide value and support to residents.
So, if your Hoover, AL, community with a homeowners association doesn't have HOA property managers, it's high time your board hires them. Their expertise can be critical to positive community improvements that benefit every resident.
Join our team at PMI Birmingham Region as we explore the perks and pros that HOA management services can bring to your community.
HOA Board Collaboration
Working with HOA board members and relieving some of their burdens are essential HOA property manager duties. Your HOA board can delegate most, if not all, of their tasks to a dedicated association manager, including the following.
HOA Financial Management
Association managers can help the HOA board better manage community finances. They specialize in:
- Financial record preparation and maintenance
- HOA dues and fees processing
- Tax return preparation and filing
- HOA budget management
- Financial reporting
- Financial planning and decision-making assistance
Association Administrative Management
HOA property managers also excel in administrative tasks. Some of these responsibilities necessary for a more cohesive and thriving community are:
- Covenant enforcement
- Monitoring of state and local laws on pertinent HOA issues
- Organizing HOA meetings
- Handling HOA membership inquiries
Community Maintenance and Building Management
Homes with HOAs often have higher values than those without associations. Indeed, per the National Association of REALTORS (NAR), homes with HOAs tend to be worth 5% to 6% more.
One reason is that HOA property managers help enforce facility maintenance. They can help keep your community and the properties within it in tip-top shape through:
- Regular common or shared area inspections
- Simplification of maintenance requests with an online homeowner portal
- Vetting contractors and vendors
- Comparing and getting the most competitive bids for services
- 24-hour, on-call availability of maintenance personnel
Minimize Conflicts and Disputes
HOA property managers act as mediators when conflicts and disputes arise. They do this by objectively assessing the issue and listening to all involved. They then devise and suggest win-win solutions that can benefit everyone.
Expert Guidance on HOA Property Improvements
As real estate experts, HOA property managers know a lot about home improvements that boost property values. They offer educated advice that aligns with the community's covenants and restrictions. With their recommendations, homeowners can improve their properties without worrying about breaching HOA rules.
Consider Hiring HOA Property Managers Today
Skilled and trustworthy HOA property managers can help make your community a lovelier place to live. From assisting the board to managing conflicts and boosting property values, these are just some of what they can do for your HOA.
So, why not partner with our full-service association management company, PMI Birmingham Region? We serve Jefferson, Tuscaloosa, and Shelby Counties, including Hoover, AL. We're also a proud member of PMI, a larger franchise that has been perfecting real estate management for over two decades.
Speak with us today and request a bid! We look forward to helping enhance your HOA and community living experiences.
