Managing a community is no picnic. From accounting, to leadership, to financial planning, an HOA needs a wide variety of skills to ensure everything is running smoothly. Though often dedicated, HOA members are volunteers who are busy with their own lives, careers, and families. So how to make sure everything in your HOA is squared away? That’s where we come in.
An HOA Management company can manage your HOA for you, allowing you to enjoy your community without the stress of trying to run it. Read on to learn the top 5 ways an HOA management company can work for you.
1. Have someone else handle the financials.
One of the greatest advantages of hiring an HOA management company is handing off all the boring, difficult, and often confusing financial materials to the professionals. Unless your HOA’s members are lawyers and accountants, they probably don’t have the expertise to keep up to date with financial statements, reserve studies, and loan applications. And if they are, who wants to work in their spare time? An HOA management company can handle all the legal and financial responsibilities of the HOA so that members don’t have to.
2. Provide a neutral third party.
No one likes to collect late fees or confront members who break community regulations. This is uncomfortable enough when the person at fault is a stranger, but when an HOA member has to rebuke his own neighbors, it fosters resentment and strife in the community. An HOA management company allows the HOA to have a neutral third party settle disputes and address rule infractions. Since the management company is truly neutral, it is better equipped to uphold regulations without causing personal offense.
3. Help foster community engagement.
Since HOA board members are volunteers, they often don’t have time to keep up with HOA communications and events. An HOA management company can manage your HOA’s newsletter, calendar, and social media outlets so that your community remains connected and engaged. In addition, an HOA management company can help your HOA brainstorm events that will promote the community and get residents involved.
Outsource your property maintenance.
From landscaping to building maintenance, your HOA is likely responsible for a vast area. The more condos or houses in your community, the more roofs, pipes, toilets, and lawns need to be maintained and fixed. In addition, your community may have a clubhouse, tennis area, or pool, which means additional maintenance. An HOA management company takes all of this responsibility onto itself, freeing your HOA meetings up for more meaningful topics of discussion. Additionally, since HOA management companies have extensive experience with repairs and maintenance, they already are in contact with a variety of trusted professionals, meaning repairs will be done more quickly and easily.
Benefit from experienced advice.
Your HOA’s members have probably only ever taken care of one HOA—the one they’re currently a part of. But an HOA management company brings years of experience caring for multiple properties to the table. At Slatter HOA Management, for instance, we’ve been in business since 1987, and have managed countless properties. With that kind of experience, an HOA management company can advise you on how to run meetings more smoothly and efficiently, foster more member involvement, and hold efficient board elections. An HOA management company’s experience becomes especially useful during an unexpected accident, such as a broken pipe in the clubhouse, which requires informed decision-making.
How Slatter Can Work for You
If your HOA is located in the Triad area, call us today to find out how Slatter HOA Management can work for you. From handling your HOA’s financials, to building maintenance and landscaping, Slatter can take the responsibility off your members’ shoulders so that you have more time to relax and enjoy the community you live in.