Working with an HOA Property Management Company can benefit both the HOA board and its residents. From protecting property value to providing state-of-the-art HOA violation software, HOA management companies bring enormous good to association living. Here are a few reasons your association could benefit:
They bring access to critical services
Small communities generally operate with a self-run HOA board, but with growth comes an increasing workload. HOA boards may begin to struggle to keep up with numerous complaints, constant maintenance, or financial administration. Often, board members volunteer their time generously, but are equipped to deal with the mountain of labor ahead. Homeowners’ associations, and especially condo associations, must maintain their indoor and outdoor amenities. This takes time, money, and the endless coordination of multiple vendors.
HOA Property Management Companies bring years of experience to your association. They already know what vendors to use—let them handle it. They’ll take care of maintenance, pest control, landscaping, and anything else you might need. They bring connections and deals that a self-run board simply wouldn’t be able to achieve.
They do your finances
At the end of the year, your HOA needs to pay taxes. Containing a variety of invoices, dues, and fees, you’ll quickly realize that you need an expert. Thankfully, HOA property management companies provide specialized financial and legal advice. They’re up to date on the newest legislation affecting your community and know when and where to file necessary documents.
Board member already have their own taxes—why add another headache to the to-do list? HOA management companies secure budgets and tighten reserves with tried-and-true financial methods that keep your community wealthy. They understand where to invest and where to save, making sure your HOA never makes a bad investment again.
They liaise with the community
When it comes time to collect dues or charge fines, board members may find it difficult to remain impartial. After all, board members live in the same neighborhood as the residents they represent! The board shouldn’t have to confront their own neighbors. An HOA property management company can create a neutral barrier between board members and general residents when it comes to violations and claims.
Offloading these responsibilities can free up board members to create their dream community—without all the headaches. HOA management companies are the security many condo and homeowners associations need.
At Ardent Residential, we pride ourselves on providing the best association management in Georgia. We use the highest quality personnel and best in-class technology to manage your association and enrich HOA living for our residents. Visit www.MyArdent.com/contact-us/ to speak with a representative today.