Texas is home to 21,000 HOAs housing millions of people.
If you live in an HOA, you expect to have a particular quality of life, along with the dozens of other residents. Ultimately, how you live in your HOA will depend on those running it, namely, your HOA board. These are volunteers who look after every aspect of the HOA and make important decisions about its future.
When you're not satisfied with your HOA, it's time to bring in help. Today, we'll tell you what an HOA management company can do for the overall health of your community. Your Austin community deserves to thrive, so keep reading and you'll see how outside assistance can make all the difference.
Looking After Finances
Every HOA member has to pay their monthly dues in order for the community to thrive. This money goes into a pot where it can then pay for maintenance, repairs, and improvements to the community. If your treasurer doesn't know what they're doing, the money won't be spent wisely and fees may have to go up.
You should never be in the dark about where your money is going. An experienced property manager will have HOA management software that keeps track of finances down to the penny. When accounting is prioritized, the community will never be left wanting for anything.
Taking Care of Maintenance and Amenities
Raising the money for maintenance and improvements is one thing, but actually staying on top of it is another. One of the big factors in the HOA board vs. management company debate is how proactive they are.
When you're talking about an HOA board, you're talking about volunteers who might not necessarily have the time to devote to their duties. When you pay HOA management company costs, they're then beholden to your community - all of the daily maintenance will be dealt with accordingly.
It's also worth noting that HOA management companies have built-in relationships with local vendors. This ensures that your community is always being served in a timely manner and at reasonable rates.
Setting HOA Management Company Rules
HOA regulations are a hot-button issue for many homeowners. The bottom line is that living in an HOA means you have to play by the rules. Anytime you gather dozens of homeowners, however, you're going to have rule breakers.
Broken rules often lead to conflict in the community. It can be awkward for the HOA board to step in since they're also neighbors. The property manager, being a third party, will have no problem enforcing regulations, settling disputes, and building greater harmony in the community.
Get the Top HOA Management Company in Austin
Now that you know what an HOA management company brings to the table, it's time to seriously consider the future of your HOA community. By hiring a qualified company to help, you'll finally get to enjoy the perks of living in an HOA, not to mention increased property values.
At PMI Austin Metro, we specialize in HOA management for Austin's communities. To learn more about our services and how we can better your HOA, don't hesitate to contact us today.