Nearly half of all Florida's residents live in HOA communities.
What makes these neighborhoods so attractive to homeowners? When they are well-managed, common areas are always well-maintained and property values remain high.
Community association management services can help transform your Tampa HOA community. Keep reading to learn the benefits of using an HOA management company.
1. Enforce HOA Policies
Members of the HOA board are part of the community. This sometimes makes it difficult to enforce the community's rules and regulations.
Using a community management company to enforce HOA policies makes things more objective. Members of the team don't live in the neighborhood and can enforce rules without playing favorites.
Homeowners need to follow pet ownership rules, parking rules, or any of the other policies that help support a harmonious living environment.
A management company will make sure rule breakers receive the same penalty as every other member of the community.
HOA community management companies have a lot of connections with professionals that most communities need to utilize.
They might have a working relationship with law firms that specialize in settling neighborhood disputes and can offer legal guidance.
They'll have access to great landscaping teams and handyman services to keep the neighborhood looking its best.
3. HOA Budgeting
Every HOA community needs to have an annual financial plan in place. It should consist of the HOA's estimated revenue and expenses. Included in the budget are reserve funds for unexpected expenses.
The budget committee has the daunting task of handling the annual budget. When the HOA has the help of a community management team, they will work with the treasurer to prepare a draft of the budget.
Following input from residents on how the money is spent, a final budget comes together.
A management company has a lot of experience working on HOA budgets and can take the burden off the HOA board.
4. Dedicated to the Community
When a community only has an HOA board on which to rely, homeowners do not have access to them 24/7. The board members usually have other jobs and volunteer to serve on the board.
A management company is much more accessible. Whether a homeowner has an emergency, a concern, or a question, someone is available day or night, weekdays or weekends.
They can answer any questions relating to things like the bylaws of the community, HOA fees, and maintenance questions.
They will also collect fees, pay, and schedule vendors, take care of community maintenance, and work with the board to plan future projects.
Community Association Management
Now you know the benefits of using community association management for the community you call home. It's up to the HOA board to hire the right HOA manager to ensure the success of the community.
If you're looking for an experienced team of professionals to manage your HOA, you're in the right place. We at PMI JCM Realty Group deliver exceptional services that meet the unique needs of each community.
Call us at 813.333.9617 to get started or schedule a consultation via our website.