When things fall apart in a housing association community, it doesn't happen overnight.
It's often a series of tiny cuts that do the damage: a repair someone forgot or an overlooked parking issue. Before you know it, you have unhappy tenants demanding a fee refund.
So what's the alternative? Many HOAs opt for HOA manager services who can oversee the details for them. Learn about three ways a HOA service can help your Santa Clara community.
1. Financial Management
All HOAs have a budget to manage, and they'll need to report back on their finances to the rest of the community.
That's where an HOA manager can help. They can oversee all the financial admin and reporting aspects of a community. That will include tasks like creating and managing a budget and collecting fees from residents.
They aim to ensure the books balance and that residents get excellent value for money from their HOA fees.
They'll also need to present financial reports to the HOA boards and provide recommendations about cost-cutting measures and capital expenditure. Good financial management is at the heart of a thriving community.
Money well spent helps maintain house prices and ensures residents have a pleasant place to live without paying exorbitant fees.
2. Maintenance Coordination
Regular upkeep and maintenance are essential for maintaining an HOA's pristine appearance, and they are part of community management services.
That focus will be on communal spaces like landscaped greenery. They'll also manage the upkeep of shared facilities and spaces like buildings, gyms, and parks.
Maintenance is more than simply scheduling fixes. Good maintenance means having routine inspections in the calendar to spot issues before they become significant problems.
To complete this, the HOA manager must coordinate with third parties, such as plumbers, electricians, and gardeners.
They'll also need to prioritize work to resolve the most pressing issues promptly. For example, if a repair issue threatens residents' safety, that would be at the top of the priority list.
3. HOA Compliance Assistance
A coherent community depends on everyone living to the same rules and standards. An HOA manager will oversee this. They'll clearly set out the rules and communicate them to the community.
They'll also be on hand to check up on the community, ensuring those standards are enforced. If they aren't, an HOA manager can issue fines or warmings to residents to remedy the problem.
These rules can encompass many aspects of HOA living. There will also be parking rules.
Many HOAs also enforce noise rules, ensuring residents don't have to put up with late-night disturbances. A HOA manager must balance treating residents fairly and maintaining high community standards.
HOA Manager Services: Looking After Communities the Right Way
You don't need to go it alone when overseeing your HOA. HOA manager services are popular with many communities, as they help keep things streamlined and efficient - meaning residents get more for their fees.
PMI Southbay offers premium property management solutions to communities across Santa Clara, California.
We combine our resources as a national brand with a local, personalized touch to property management, giving you the best of both worlds. Contact us today.
