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Data from the Foundation for Community Association shows that there were over 50,000 homeowners associations in California as of 2023.
HOA communities are typically considered desirable places to live due to the benefits they offer. However, they aren't perfect, and many associations have a hard time keeping up with their responsibilities. A home owners association property management company can step in here and provide assistance to keep things on track.
In this guide, we'll look at the ways in which an association management company can assist with enhancing HOA operations and promoting HOA growth. Let's get started.
Common Area Maintenance
Within HOA neighborhoods, residents are responsible for keeping their own properties in good shape. When it comes to common areas, however, this responsibility falls to the HOA board. Some typical common areas found in HOA communities include:
- Parks
- Fitness centers
- Swimming pools
- Art studios
An HOA management company can organize and oversee the maintenance of these areas. By setting up routine maintenance schedules, they can ensure they're always safe and fit for use. High-quality common areas can play a key part in community growth strategies.
Financial Management
One of the most complicated duties that HOA boards have is financial management. It can be very complicated, and HOA boards often don't have any members who have relevant experience. As a result, they may spend excessive amounts of time dealing with finances and mistakes can be quite common.
Proper HOA management expertise involves accurate finances. An association manager knows what's required to deal with HOA finances and can cover tasks such as:
- Creating budgets
- Maintaining financial records
- Collecting HOA fees
By taking on this duty, they can ensure finances are handled efficiently and mistakes are kept to a minimum.
Administrative Duties
There are various administrative duties that HOA boards typically need to deal with. Some common examples include:
- Coordinating board meetings
- Creating and maintaining reports
- Communicating with board members and residents
- Planning agendas
- Organizing social events
These tasks aren't as complicated as dealing with finances, but they can be very time-consuming. When the HOA board is bogged down with these, they may not have time for other important responsibilities. Having an association manager deal with these duties helps free up board members so they can focus on HOA development, support, and growth.
Policy Enforcement
The HOA board can set policies for the residents in your community to follow. These typically focus on keeping the community civil and reducing the risk of disputes.
HOA boards often don't have too much trouble establishing these policies, but enforcing them is another matter. They often have personal relationships with other residents, and these relationships can make it difficult for them to enforce the rules they set.
Association managers can act without bias and enforce these policies as needed. This keeps things balanced throughout the community, helping ensure all residents are treated fairly.
Working With a Home Owners Association Property Management Company
A home owners association property management company can be incredibly beneficial to an HOA community. PMI LA Pacific provides expert property management solutions in Los Angeles and the surrounding communities.
Our expert team uses the latest technology and can cater our services based on your community goals. Take a look at our association management page to find out more.
