Florida has the second-highest number of HOAs in the country (nearly 50,000), trailing only California.
If you live in one of the associations in Panama City, you may be wondering where yours has gone wrong. An HOA is only as good as its leadership and most associations are led by a group of volunteers that make up the community's board of directors.
A lot of the responsibilities of running an HOA require professional expertise, whether it's dealing with pets in a community or vendor coordination. It's for that reason that HOA management exists.
In today's post, we'll explain the services that HOA management provides. Your community can do better, so keep reading and learn how an HOA manager will help.
Accounting Services
A crucial responsibility of HOA management is accounting. HOA members pay their monthly association dues, which pay for everything the community needs. Without professional accounting services, members will be left wondering where their HOA dues are going.
HOA management comes with professional accounting services. These people will collect dues, perform bookkeeping duties, and create viable budgets that put the community in a position for financial success. When money is well-managed, HOA dues will remain stable and property values can rise.
Governance Around Pets In a Community, Rentals, Etc.
All associations have governing documents that tell homeowners what they can and can't do. A lot of associations include rules around pets in the community, renting property, and landscaping.
Anytime you're trying to govern a large group of homeowners you'll have compliance issues. An HOA manager will ensure all homeowners comply with the rules, issuing penalties to bad actors. They'll also diffuse conflicts between members to promote community-wide harmony.
Running HOA Meetings
HOA meetings bring together all homeowners to discuss important matters. If your HOA board can't organize these meetings, they'll never be fruitful.
A good property manager has experience running such meetings. They'll help facilitate conversations and make sure everyone's voice is heard. Even more importantly, they'll use their abilities to enact whatever the community wishes.
Coordinating Vendors
HOA maintenance is essential to keep the community in good shape. A community that's been maintained is a desirable one to live in. This is what drives HOA property values to be as much as 4% higher than non-HOA properties.
HOA maintenance comes down to vendor coordination. A good HOA manager has vendor contacts in every industry. They'll make sure regular vendors stay under contract and emergency vendors are a call away. Everything from garbage removal to road repair can be dealt with promptly.
Get the Best HOA Manager in Panama City Beach
These are a few of the main roles of HOA management. To experience all of these benefits, turn to us at PMI Emerald Coast, where we build trust and excellence in property management.
Our comprehensive services include everything from help with pets in a community to accounting services. Hire us and we'll turn your struggling HOA community into a thriving one that benefits all members. Contact us today to learn more about what we can do.
