If you live in one of California's 50,000 homeowners associations, you may be wondering how yours could improve.
Living in a homeowners association should come with a particular set of perks, from high property values to community-centric amenities. If you're not experiencing all of the joys of HOA living that you should, it might be time to look into community association management companies.
In today's post, we'll look at the role of association managers and how they can improve your HOA. Keep reading and you'll know all about the types of services a property management company can provide and the benefits therein.
Accounting Help
Homeowners should never wonder where their monthly HOA fees are going. All homeowners have to pay these dues, which are then pooled together to pay for all of the community's needs.
If your HOA board doesn't have an experienced accountant as treasurer, the community's finances could become a bungled mess. In the worst circumstances, it could start to affect both property values and the amount you have to pay each month.
You need someone who can stay on top of bookkeeping and budgeting for the entire community.
A great property management company will have accountants on staff who can handle your HOA's finances with ease. You'll never have to think about your community's going into financial ruin.
Governance
Every one of California's 50,000 HOAs has its own set of governing documents. These are the rules and regulations that every homeowner must live by. They can include clauses about pets and renters, as well as things about parking, noise, and tree trimming.
Every HOA has rule breakers as well. It can be tricky for the HOA board, who are volunteer homeowners, to issue penalties to rule breakers. There's often an unspoken and uncomfortable power dynamic between the HOA board and other homeowners.
Compliance is important for maintaining a standard of living for all homeowners. An HOA manager will ensure all rules are followed and deal with bad actors accordingly, They'll also diffuse conflicts between homeowners to maintain harmony in the community.
Community Maintenance
Maintenance is essential for the health of the community. It keeps the streets safe and the community looking and feeling great. For your community to be well-maintained, you need good vendor coordination.
Failing to draw up contracts and schedules for important vendors - garbage collection, street cleaning, etc. - can result in the deterioration of the community.
An association manager has built-in vendor relationships. Whatever your community needs, a great vendor is one call away.
Finding the Best Community Association Management Companies
Now that you know what community association management companies do, it's time to tell you about the best one in Del Mar. PMI Del Mar is part of the country's largest property management company. We offer comprehensive HOA services, including everything discussed here.
A great community manager can bring professionalism and enjoyment back to an HOA community. Contact us today to learn more about our services and how we can make your HOA thrive like never before in 2024.
