14% of Los Angeles' homeowners pay HOA fees, but not all of them get much in return.
If you're an HOA homeowner in LA, you want your association to bring plenty to the table. LA's HOA fees average around $340 per month, so if your HOA leadership isn't providing you with the services you need, it's time to seek outside help.
Today, we'll tell you how HOA management services can bring your Culver City HOA to new heights. With the right community association management, you can enjoy HOA living like never before. Keep reading to learn more about how it works.
HOA Maintenance
One of the most important tasks HOA management companies handle is community maintenance. HOA maintenance is important for the ongoing comfort and safety of the community members. It also helps bring more interested investors to your community.
Anytime you've got investor interest, it's good for the HOA's property values. Some communities experience property values as much as 4% higher than non-HOA homes, according to research.
Residential management solutions handle maintenance with vendor coordination. Whatever your community needs - weekly recycling pickup or landscaping - the right vendor is a call away.
Governance and Compliance
Your HOA probably has governing documents that detail the rules and regulations of the community. Trying to govern an entire community with one set of rules will always lead to issues. It's how your leadership handles rule breakers that determines how harmonious your community will be.
An HOA manager has no problem handing out penalties and fines to bad actors. They'll also mediate disagreements between homeowners to create better cohesion in the HOA.
HOA Accounting
An HOA can't thrive unless it handles its money well. All HOA homeowners must pay their dues to experience the perks of hOA living. These funds are pooled together to pay for things like maintenance and community improvements.
When you don't have good accounting practices, HOA dues won't be enough to cover the community's needs. Your HOA board will be forced to raise the due amounts, which can only anger homeowners.
HOA management companies keep professional accountants on staff. These experts collect HOA fees, take care of bookkeeping, and create budgets that maintain the financial health of the HOA.
Meetings and Organization
To get an entire community of homeowners on the same page, you need fruitful HOA meetings. These meetings should allow all residents to voice their opinions on various matters so that each person feels valued.
If you don't have strong leadership in these meetings, they'll never go anywhere. An HOA manager has experience running HOA meetings to tackle important issues. Once meetings are adjourned, they'll make sure the community's wishes are carried out.
Get the Top Culver City HOA Management Services
If you want your Culver City HOA to thrive in 2024, you need top HOA management services. At PMI LA Pacific, we're one of the top HOA property management companies in the area and part of the largest management group in the country.
We provide all of the amazing services mentioned here, but that's just the tip of the iceberg. Contact us ASAP to learn more about what we'll bring to your HOA.
