There are now around 23,000 homeowners associations in the state of Texas, according to a report compiled by Axios.
Being part of a Spring Branch community should come with a wide set of benefits. Whether you joined an HOA for the amenities, sense of community, or high property values, there's a good chance you've been somewhat disappointed by the experience.
We don't say this without good reason. There's widespread discontentment among HOA members across the country. If this describes your situation, HOA property managers could solve a lot of problems for your community.
Here, we'll tell you 5 critical tasks HOA property managers handle. Keep reading and see what these professionals bring to the table to improve your HOA.
1. Accounting & Reporting
Successful community management depends upon strong accounting. All homeowners pay their monthly dues, which cover everything the community needs, from new amenities to ongoing maintenance.
HOA property manager roles vary, but one of the tasks they always handle is accounting. They'll collect fees, balance books, and create budgets to maintain the financial health of the community. They'll also formulate financial reports and handle the community's taxes.
2. Vendor Coordination
An HOA manager also tackles neighborhood upkeep. HOA maintenance is essential for two main reasons: it makes homeowners more comfortable and it makes the community more enticing to investors.
HOA managers handle some aspects of maintenance on their own. Most of the upkeep, however, is handled by third-party vendors. It's your HOA manager's responsibility to contract and coordinate these vendors so that all aspects of maintenance are covered.
3. Compliance
Every HOA has unique governing documents that tell homeowners the rules and regulations of the community. Ensuring compliance with the rules is one of the HOA duties that board members find difficult, as it creates an uncomfortable power dynamic in the community.
Community managers bring legal knowledge to your community, which is essential for issuing penalties, liens, and foreclosures to bad actors. Armed with this expertise, they can ensure all homeowners are compliant with the rules, lest they face severe punishment.
4. Homeowner Support
HOA managers are there to support everyone in the community. They'll work closely with the board to help them with their daily tasks. That said, they'll always be available to support homeowners with more specific concerns.
Good property managers make use of online homeowner portals, giving homeowners a place to communicate with the HOA manager directly.
5. Board Member Support
As mentioned, the board will work closely with the HOA manager to make use of their experience and expertise. An HOA manager is there to empower the board members to guide the community to success. Whatever the community needs, an HOA manager is there to assist.
Hire Spring Branch HOA Property Managers Today
These are a few of the many roles HOA property managers might take on. When you have a great HOA manager in place, your community can thrive in ways it never has before. Finding a community manager that fits your needs is critical.
For Spring Branch HOA communities, PMI Bluebonnet Realty is the number one choice. We offer all of the amazing services discussed here, so contact us to learn more about how we'll approach improving your HOA.
