An HOA is an organization that makes and enforces rules and guidelines for a residential area, planned community, or condominium building.
It usually has a board of directors who comprise of the community’s residents and is typically established to enforce rules and regulations that will ensure that the residential area is clean and orderly.
Since HOAs are governed by boards that consist of community members that perform their duties on a volunteer basis, many HOAs turn to a profession third-party management firm.
These HOA management companies help to cover the large scope of responsibilities of HOAs. Some of the tasks that a HOA management firm is responsible for include guiding and consulting with the board of directors to fulfil their duties, execute the decisions, directives, and policies approved by the board of directors, and documenting transactions.
Here are 3 reasons why your community should hire an HOA management company:
1. Get administrative work settled quickly
Some administrative duties an HOA management company might oversee include responding to homeowner’s inquires and guiding the board. It might also include preparing the annual budget or attending board meetings that they schedule.
The primary contact for a neighborhood with an HOA management company is an experienced, on-site manager appointed by the company. The company consists of well-trained professionals that can handle all the administrative work of an HOA quickly and effectively.
2. Ensure that sites are managed effectively
Site management is one of the most important parts of property management. Home values decrease when rules are not followed, and thus it is essential to implement the rules and regulations set up between homeowners.
An HOA management company carries out routine site visits, and will inspect the area for violations, check in on any maintenance issues, and ensure that common areas are properly tended to.
3. Building a community
The HOA management can step in to provide mediation between neighbors when conflicts arise. They can also design new regulations to help resolve conflicts and prevent future incidents.
HOA management companies also contribute to this community building by working closely with the HOA board to create a sense of togetherness in the community.
This could include via community-wide events to build relationships, or the mediation of conflicts between neighbors.
Vine Management is your solution
As seen from the reasons above, engaging a HOA management company can assist with communication with homeowners and common area maintenance that is ongoing, which complements the work of the HOA board.
Typically, larger communities will have a more difficult time conducting business without professional assistance, and thus hiring a HOA management company will beneficial for all parties involved.
Vine Management is an association management firm, with several years’ experience managing HOA communities throughout Central Florida.
Some of the communities it serves include Single Family HOA’s, townhomes, condominiums, community development districts and master planned communities.
To request a proposal for a new HOA Management Company, click here: https://www.vinemgt.com/request-proposal