A recent survey shows that 33% of homeowners feel short-changed when it comes to paying HOA fees. Most of these people are especially dissatisfied with property upkeep.
HOA management companies exist to allay these concerns. They do this by offering a range of professional services to keep homeowners happy.
Keep reading to discover the benefits of HOA management companies in Murfreesboro, TN.
HOA Management Frees Up Board Members' Time
HOA board members are volunteers. They assist with running the HOA communities in their spare time.
Many of them don't have the skills or qualifications to fulfill some of the duties required of them. This sometimes makes their roles tedious and time-consuming.
When you hire an HOA management company, you relieve HOA board members of this stress. This frees them to focus on growing the community and managing neighborly relations.
HOA Management Companies are Efficient
HOA managers rely on their skills for their livelihood. Thus, they're more committed to excellence than volunteers are.
Elected board members cannot match the efficiency of a committed HOA manager. These professionals have the skills and time to dedicate themselves to their HOA management roles.
Third-Party Financial Administration
Volunteer board members are part of HOA communities. They must justify HOA fee increases to their peers and sometimes follow up on outstanding payments.
Hiring a third-party financial manager relieves them of these uncomfortable tasks. Managers with financial expertise are better equipped to:
- Manage HOA budgets
- Set reasonable increases
- Collect outstanding fees effectively
- Limit unnecessary costs
With an HOA manager on board, HOAs are better able to serve their communities in a way that makes financial sense.
HOA Managers Have Legal Expertise
Tennessee HOA laws can become confusing to laypersons unfamiliar with their complexities.
HOA management companies have expert personnel on board. These employees know the applicable laws and when to enforce them.
They can help board members avoid infringing on these laws and manage any potential legal issues.
HOA Management Services Include Property Upkeep
Keeping community areas in pristine condition is vital for maintaining the appeal of community living. A dedicated property manager conducts regular inspections of these areas.
They will keep track of routine maintenance and attend to minor repairs promptly. HOA managers have the industry connections to find the most reliable and cost-effective contractors for each job.
- Issue work orders
- Supervise the work
- Manage payments to outside parties
These simple tasks are vital for an effective maintenance program.
Every HOA Needs a Mediator
When there's a clash of interests within the HOA board, a neutral party can help find workable solutions. An independent management company makes unbiased decisions based on the association's best interests.
This way, they can help smooth the decision-making process and avoid conflict.
Streamline Your HOA Management Services
Thanks to the above, HOA management companies help maintain the value of communal properties. They also keep homeowners satisfied.
PMI property managers offer several services to assist HOA communities in Murfreesboro. We have over 20 years of experience managing condos and apartment blocks across the county.
Get in touch today for assistance with HOA management in Tennessee.