Association Management: A Comprehensive Guide to Successful Operations

Association Management: A Comprehensive Guide to Successful Operations

Nearly 22% of Georgia's homes reside in homeowners associations.

If you're wondering why your HOA isn't doing as much for you as other HOAs, it might be time to hire community association management. These property managers can instill a level of professionalism in your community that benefits both the average HOA homeowner, as well as the HOA board.

In today's post, we'll explain what an HOA manager does and how to implement their services in your community. Read on and you'll see how your life can be made easier with community management.

Financial Management

One of the most important aspects of living in an association community is paying HOA dues. Every homeowner pays them, and they go towards paying for everything from maintenance and emergency repairs to garbage removal and upcoming projects.

It's often an immense amount of money that shouldn't be handled by an amateur accountant. Sadly, most HOA treasurers are inexperienced and unable to optimize the amount of money coming in.

In hiring an HOA manager, you get an experienced bookkeeper who can create actionable budgets. The result is higher property values, lower HOA dues, and happier community members.

Community Maintenance

A great perk of HOA living is having a well-maintained community to live in. To get this, however, you need HOA leadership that prioritizes vendor relationships. If you don't have good local vendors helping you out, the community will fall into disrepair.

When you hire an HOA management company, you get built-in vendor contracts. Anything your community needs, whether it be garbage removal or landscaping, is a call away.

Governance and Compliance

All HOAs are governed by a unique set of rules and regulations. Governing documents tell homeowners what they can and can't do with their properties and in the community. Examples of these regulations include rules around renting out property and allowing pets, among other things.

Whenever you have dozens of homeowners living with a set of regulations, you end up with bad actors. Because an HOA board is made up of fellow neighbors, rule enforcement often creates uncomfortable power dynamics.

As a third party, your HOA manager won't feel this discomfort. They'll enforce rules, issue penalties to bad actors, and mediate conflict to promote harmony in the community.

Community Living

An association manager can also promote community living. One way to do this is through community-wide HOA meetings, where important matters are discussed. It's here that community members can voice their opinions about upcoming projects and amendments to regulations.

For meetings to be effective, they need to be organized. Good HOA managers can run meetings so that everyone feels heard. Once matters are decided upon, the HOA manager can then use their expertise to enact the community's wishes.

Get the Best Association Management in Jefferson

Now that you know how to implement association management, it's time to tell you how to get the best HOA manager. PMI 23 East is one of the top HOA management services, both in Jefferson and across Georgia.

We offer all of the services discussed here and more. To learn how we can improve your HOA in 2024, contact us today for a consultation.