Around a third of Washington's homes are situated in homeowners associations, according to Seattle Agent Magazine. This highlights the need for quality community managers.
Sadly, many of the HOAs in Washington and around the country provide unsatisfactory service to residents. If this describes your situation, it usually comes down to poor HOA leadership from your HOA board of directors.
The best way to make positive change is to hire HOA management services. In today's post, we'll discuss some of the key neighborhood management benefits your community will see when you hire professional help. Keep reading and you'll be able to turn your HOA around sooner rather than later.
HOA Accounting Services
All HOA homeowners pay monthly dues to enjoy the perks of their association. The funds are pooled together to pay for things like property and community maintenance, new amenities, and repairs.
If the money isn't being properly managed, the funds won't be enough to cover what the community needs. In the end, it's the community that has to pay. The HOA will be forced to raise HOA fees to compensate for their own financial mismanagement.
One of the top advantages of HOA managers is that they'll bring accounting expertise to the table. They'll quickly assess your community's financial situation, performing fee collection, bookkeeping, and budgeting duties that can improve the financial health of your HOA.
Improved Maintenance
Community maintenance is crucial for a couple of reasons. First, it ensures homeowners feel safe and comfortable in their community. Second, it generates interest from outside investors.
When people want to buy into your community, it boosts property values for the entire HOA. Some communities have property values as much as 4% higher than similar non-HOA homes.
To enjoy a well-maintained community, you need local vendors. A community manager will bring strong vendor relationships to your HOA. Whatever your community needs will be a call away for the right HOA management service.
HOA Governance
One area where HOA leaders really let homeowners down is governance. HOA boards are made up of volunteer homeowners. It creates a strange power dynamic when they have to enforce the governing documents on their rule-breaking neighbors.
However, if rule breakers aren't punished for their actions, they'll continue annoying other homeowners and creating havoc in the community. A good HOA manager will run your community by the governing documents everyone's agreed to follow. They'll punish bad actors and create a more calm and cohesive community overall.
The Top Community Managers in Vancouver, WA
Great community managers can quickly implement the tactics discussed here and fix your HOA once and for all. They'll provide strong leadership and bring your HOA board to a level every community member is happy with.
For communities in Vancouver, the best option for HOA management is Invest West Management. Our comprehensive HOA management services include everything we've mentioned here and so much more.
We're also part of one of the country's largest property management groups. Contact us today to discuss your needs and we'll tell you how we can help.
