Homeowners associations are very popular in the US, and they're becoming more common. A study from REALTOR Magazine suggests that the total number of HOAs will grow by a total of 3,000 just in 2024.
While living in an HOA community can be great, they sometimes face various issues. This is often because HOA boards struggle to keep up with all of their duties. HOA property managers can step in here to support and assist HOA boards.
So what exactly does an HOA property manager do? Let's take a look.
Common Area Maintenance
HOA communities typically have different common areas that residents can make use of. Some common examples include:
- Fitness centers
- Parks
- Pools
- Art studios
- Clubhouses
Residents in an HOA community are primarily responsible for maintaining their own properties. When it comes to common areas, however, it falls to the HOA board.
An association manager can organize any maintenance and repairs that are needed for common areas. They often have plenty of experience when it comes to overseeing property maintenance, so they can ensure things are handled correctly to improve overall community well-being. Additionally, they often have good business relationships with various contractors, so they may be able to save on costs when working with certain businesses.
Managing Finances
HOA boards are made up of community volunteers, so there are often some skill gaps. Managing finances is one of the more complicated areas, and many HOA boards have trouble here.
An HOA management company trains its managers to ensure they know how to effectively handle community finances. They can take over this responsibility to ensure things are handled correctly.
A community manager has the skills to organize budgets, collect HOA fees, and more. They can help ensure maximum efficiency so that funds are spent appropriately and not wasted. They're also far less likely to make mistakes that could cost a community a lot of money.
Administrative Duties
There are plenty of administrative duties that an HOA board typically needs to take care of. Many of these tasks aren't too difficult, but they can be quite time-consuming.
An association manager can take over these duties. This will give the HOA board a lot more free time to focus on more crucial tasks.
Association managers have plenty of experience with tasks like these. As such, they can often get things done far more efficiently.
Enforcing Policies
HOA boards set various policies that residents need to follow. They sometimes have trouble enforcing these policies due to the relationships board members tend to have with other residents.
An HOA manager won't have any biases, so they can enforce policies effectively. This maintains fairness throughout the community. They can also provide various other property management strategies to improve the lives of all residents.
Working With Professional HOA Property Managers
HOA property managers can take on various duties to help HOAs and their communities. The Burgh Property Management provides reliable association management services throughout Pittsburgh and the surrounding communities.
We operate under the PMI brand, one of the largest and fastest-growing property management companies in the US with over 20 years in the industry. Take a look at our association management page for more information on our services.
