Over 12.5% of Wisconsin's homes are situated in homeowners associations.
If you're part of an HOA, you expect certain perks in return. Typical HOA benefits include higher property values, regular maintenance, and a say in the direction of the community. The quality of every HOA, however, depends on its leadership.
When your HOA board of directors isn't effective, you need to look for outside help in the form of HOA management services. In today's post, we'll tell you what these services do and how they can help your Appleton HOA. Keep reading and get your community on track.
Accounting Services
One of the best things that an HOA manager does is take care of community accounting. HOA communities typically look to their treasurer for collection of HOA fees, bookkeeping, and budgeting. The problem is that it's rare for treasurers to have any accounting experience.
HOA management companies have professional accountants on staff. These people can look at your community's finances and take the necessary measures to clear up any financial difficulties. In the end, the community's money will be wisely spent and HOA dues will come down to a more manageable level.
Compliance and Governance
All HOAs are led by governing documents that inform homeowners how they should act in the community and present their properties. These rules and regulations include clauses about allowing pets, rental properties, quiet hours, and whatever else is pertinent in your community.
Trying to govern dozens of homeowners at once can be difficult for a volunteer board of directors. There are always going to be rule breakers, but enforcing compliance can create an uncomfortable power dynamic between the board and the homeowner.
An association manager has no issues handing out penalties to bad actors. They'll also diffuse conflicts between homeowners to bring more peace to the community.
Community Maintenance
One of the best parts of HOA living is community maintenance. A well-maintained community is a desirable one, which boosts property values. To have a well-maintained community, you need good vendor relationships.
Failing to work out vendor contracts and schedule maintenance will result in the downfall of a community. HOA managers come with built-in vendor relationships, so whatever your community needs, a qualified vendor will be one call away.
Future Planning
HOA meetings are where the future of an HOA is decided. These meetings bring the entire community together to discuss important matters, including amendments to regulations and future amenities.
For meetings to be successful, they must be organized. Association management has the experience to run efficient and effective meetings.
Your HOA manager will ensure all voices are heard. Once important decisions are made, the HOA manager will take the necessary measures to enact the community's wishes.
Get the Best HOA Management Services
Now that you know what HOA management services involve, you can decide if they're right for your Appleton HOA. When you have a good HOA manager at the helm, your community can thrive like never before.
At PMI Fox Valley, we offer all of the services discussed here and more to Appleton and Neenah HOAs. Contact us today to learn more about our services and how they can help your community.
