Homeowners associations are becoming more popular with time, and about 25-27% of the US population currently live in private communities.
These neighborhoods are typically considered more desirable. HOAs offer various benefits that make them better places to live.
In many cases, however, HOA boards can't keep up with all of their duties and responsibilities. An HOA property manager can assist here, ensuring everything is taken care of properly.
Let's take a look at the vital role an HOA property manager can play in Colorado Springs, CO.
Common Area Maintenance
A lot of property maintenance falls to residents in HOAs. They must take care of everything inside their own home. Outside of that, things fall to the HOA board.
An HOA property management company can be very helpful here. They can organize and oversee the maintenance of all common areas such as parks and swimming pools. This will keep them looking good and ensure they're always fit for use.
Homeowner and Board Communication
Communication is vital in an HOA community, and an HOA property manager can make sure an open line of communication is maintained. This involves communication with both residents and HOA board members.
They may do this by sending out notices on time, giving residents easy access to information, creating and distributing newsletters, and more. They'll also manage email inboxes and phone lines to handle any questions or concerns from homeowners. Many HOA property management companies use a website or management software to make communication simpler and more effective.
Rule Enforcement
The HOA board must set various community rules and regulations for the residents. They often relate to things like modifications people can make to properties or disruptive behavior (such as excessive noise).
While making these rules is fairly straightforward, enforcing them isn't. HOA board members are volunteers from the community and they tend to have personal relationships with other residents. This can make it difficult for them to enforce rules fairly due to personal biases.
An HOA property manager won't have this issue. They can remain unbiased and enforce rules fairly and equally for all residents.
Vendor Management
HOAs often hire additional vendors for various functions. This can include things like landscaping, trash collection, and more.
An HOA property manager can take over this responsibility. They have a good understanding of what a typical HOA community needs. Additionally, they often have strong networks with various vendors, and this may make it possible for them to get better deals, helping reduce community expenses.
Hiring an HOA Property Manager
An HOA property manager can support your HOA board and help your community flourish. They can organize and oversee vendors and contractors to keep the neighborhood in good shape. On top of this, they can facilitate effective communication throughout the community and enforce policies to keep everything fair.
Colorado Casa PMI is a full-service real estate asset management company that serves Colorado Springs and the surrounding communities. We operate as a part of the PMI franchise, which has become the fastest-growing property management company in the US over the last two decades.
Take a look at our services page to find out more about how we can help your community.
