Over 14 million Californians live in community associations.
Homeowners associations are supposed to represent the best interest of all community members, but this isn't always the case. Over the years, there have been countless reports of HOA mismanagement that puts homeowners at a disadvantage.
If you're having issues with how your HOA is being run, association managers can help. In today's post, we'll tell you how association management companies empower LA communities with expert guidance. Keep reading and learn what professional community management can do to improve HOA living.
Supporting the HOA Board
When you bring on professional community managers, the first thing they'll do is meet with your HOA board. During these initial meetings, they'll find out what your community association leadership is lacking. Armed with this information, they can create a plan to help your community thrive.
The next thing they'll do is bring your community together for an HOA meeting. Here, your new HOA manager will take the temperature in the larger community to determine what people want.
Effective community organization through HOA meetings is one of the biggest perks of hiring association management companies.
Bringing Vendor Coordination
HOA maintenance is a crucial aspect of HOA life. A well-maintained community is important for multiple reasons. It ensures community members feel safe and comfortable, but it also brings interest from outside investors.
When you have a lot of investor interest in your community, it drives property values up. Some HOA properties are as much as 4% more valuable than similar properties outside the community.
Maintenance isn't performed by the HOA management company. Instead, they bring a set of vendors and make sure they're scheduled to take care of regular maintenance, whether it's seasonal landscaping or garbage pickup.
Accounting Support
HOA brings professional accounting to your community. All HOA homeowners must pay their HOA dues. These are the funds that pay for everything the community needs.
When your HOA board mismanages money, fees won't be enough to cover the community's needs. This is when HOA fees go up and anger community members.
An HOA management company keeps professional accountants on staff. These people will collect fees, balance books, and create budgets that optimize your community's finances without increasing fees.
HOA Governance
HOAs are ruled by governing documents. Some communities have rules around allowing pets and renters, while others have rules around landscaping. Anytime you try to govern dozens of homeowners with a single set of rules, there'll be rule breakers.
It can be hard for HOA board members to issue penalties to other homeowners. Community management services will keep bad actors in line by issuing fines and penalties. They'll also mediate disagreements between homeowners to increase harmony in the HOA.
Hire the Best Association Managers in LA
These are just a few of the responsibilities of association managers. To get the best association management in Los Angeles, LA Pacific has you covered.
We're a comprehensive HOA management service that can handle everything mentioned here and more. To learn how we can improve your community in 2024, don't hesitate to contact us today.
