Arizona is home to nearly 10,000 community associations, but not all of them are created equally.
An HOA is supposed to give you a litany of unique perks that traditional homeownership can't provide. From high property values to regular neighborhood improvement, there's plenty to get excited about with homeowners associations.
There's also a lot of frustration with community leadership in many HOAs. It could be a lack of governance or financial issues, but whatever it is, you shouldn't suffer in your HOA.
Today, we'll tell you how a home owners association manager can take your Phoenix HOA to new heights. Keep reading and learn how to enhance community living.
Financial Management
HOA homeowners are required to pay their dues each month. These dues are basically pooled together to make up the bulk of the community's finances. If your HOA board doesn't manage this money well, the fees won't cover enough and the community will be forced to raise them.
If your fees go up without a reasonable explanation, it's likely due to financial mismanagement. What you get from Phoenix HOA services is a professional accountant with plenty of HOA experience.
These people will collect the fees, create sensible budgets, and perform bookkeeping duties. All of this will secure a better financial future for the community and everyone in it.
Governance and Compliance
Part of community living has to do with following rules. Every HOA has unique regulations that tell homeowners what they can and can't do in their community. Some have rules around allowing pets and renters while others have rules around landscaping.
If a homeowner breaks the rules, there should be consequences. Problems tend to arise when HOA boards try to enforce rules, as it creates a power dynamic issue in the community.
You don't get this with HOA managers. They operate as a nonpartial third party which makes it easier to keep everyone on the right path. They'll issue penalties as needed and keep the peace in the HOA.
Vendor Coordination
One of the perks of living in an HOA is being in a well-maintained community. You pay good money to have things like regular trash pickup and seasonal landscaping. If you're not getting these things, it probably means your HOA board isn't on top of vendor coordination.
A good HOA manager will build strong vendor relationships so that maintenance is always on schedule. Not only does this ensure homeowners feel safe and comfortable in the community, but it also ensures property values stay high.
A well-maintained community is attractive to new investors. The more investor interest your HOA has, the higher the property values will be. Some HOAs have property values up to 4% higher than similar non-HOA properties.
Get the Best Home Owners Association Manager
If you want better community leadership and neighborhood improvement, hiring a home owners association manager is your best bet. They'll follow HOA best practices and ensure your community has everything it needs to thrive like never before.
To get the best HOA manager in Phoenix, PMI San Tan is the answer. We offer comprehensive HOA management services that include the things discussed here and so much more. To learn how we'll approach improving your community, contact us today.
