Texas is now home to over 20,000 homeowners associations.
Being a homeowner in an HOA should come with a wide set of benefits. If you're struggling to figure out what those benefits are, you've likely got major issues with your association leadership. It's important to have a board of directors representing the community, but that doesn't mean they're equipped to lead.
An HOA management company can work with your community board to enhance your HOA strategy. In today's post, we'll explain just what these services do, so keep reading and prepare for a brighter future for your Houston community association.
Effective Maintenance
HOA maintenance is very important for multiple reasons. One is that it gives homeowners a comfortable and safe place to live and raise their families. The second, however, is that it entices real estate investors.
When you have the eye of investors, property values tend to go up. Some communities have property values as much as 4% higher than non-HOA properties.
To ensure your community is well-maintained, you need local vendors. A good HOA manager will develop vendor contracts and schedules to ensure everything, from garbage pickup to landscaping, is done regularly.
Stronger Governance
All HOAs have sets of rules and regulations called governing documents. Each community's rules are unique. Some have rules around allowing renters, while others have rules around noise.
Governing dozens of homeowners with a set of rules can be tricky. HOA leaders sometimes struggle to enforce the rules because it creates a power dynamic within the community.
This isn't the case with HOA managers. They'll be able to effectively deal with bad actors to maintain harmony in your community.
Smarter Accounting
Successful HOA management often comes down to money. All homeowners must pay their HOA dues, which are pooled to pay for everything the community needs.
If your HOA board doesn't know how to do accounting properly, the money won't go as far as it should. The result is often higher HOA fees, which can be frustrating to homeowners.
Homeowners association management comes with built-in professional accounting services. They'll collect fees, balance the books, and write sensible budgets that maximize the community's finances.
Organized Meetings
Communities thrive when everyone's on the same page. To do this, you need periodic community-wide meetings where people can voice opinions and have open discussions about important matters.
If your HOA meetings aren't organized and open, they'll be fruitless. Fortunately, HOA management is very experienced in running such meetings.
All homeowners will have a chance to speak and converse. Once important plans are made, the HOA manager will also be able to put plans in place to bring plans to fruition.
Hire the Best Houston HOA Management
These are a few of the biggest responsibilities of HOA management. If your Houston HOA isn't giving you what you need, it's time to make a change.
At PMI Bayou City, we're Houston's top HOA manager and part of the biggest property management group in the country. To learn more about the specifics of how we can help your HOA, contact us today.
