In Utah, 610,000 people live in community associations. Only 22,000 of these residents are part of the HOA boards set up to serve the needs of these communities.
Managing a community association involves many routine and time-consuming responsibilities for board members. Some communities choose to outsource management services to assist them with these duties.
Keep reading to explore the pros and cons of outsourcing community association management.
The Benefits of Outsourcing Association Management Services
HOA board members rarely have all the skills necessary to perform all the tasks required of them. HOA community association management companies hire qualified people who have these skills.
These professionals can assist with:
- Bookkeeping
- Tax preparation
- Budgeting
- Property maintenance
- Insurance
- Routine administration
- Resident communications
- Community events
Experienced property managers are familiar with all the Utah laws for HOAs. They will guide the board's decisions to ensure they act within these bounds.
Outsourced legal experts can offer assistance if the community encounters legal issues.
Community management experts have the experience to set up effective strategies. They can carry these out using the latest technologies and management tools.
Outsourced services will ensure the common areas of the HOA stay well-maintained. This helps properties keep their value.
Established companies have many industry connections. This helps them secure the best and most cost-effective services and supplies.
Their expertise ensures fewer risks for the community. They will enforce compliance with HOA laws impartially and mediate community disputes.
A community manager is available 24/7. So they're always on hand to assist residents with queries or emergency repairs.
The biggest advantages of outsourcing are a well-run community and happy residents.
Drawbacks of Outsourced Association Management
All the above benefits come at a cost. HOA community management fees can be a major expense. Often, this necessitates increased HOA fees.
Some homeowners may object to the extra expense.
Hiring a management company means the board becomes less involved in community affairs. The management company gains significant authority over the community.
A management company has the power to make some decisions without board approval. The board always has the final say in major decisions.
A community management company offers impartial third-party services. Sometimes they lack the personal touch preferred by some community members.
As outsiders, they may lack insight into HOA neighborhood culture and residents' needs. This can sometimes lead to disagreements and disputes.
Self-managed HOA services are the best way to avoid the disadvantages of outsourcing. This means the board only hands over some of its duties to an external party.
For instance, the board might outsource maintenance and accounting. They would continue to do everything else themselves.
The Best Solution for Your Community
Community association management services help ease the workload of HOA board members.
They're an excellent solution for large communities. Smaller concerns might find outsourced services too impersonal.
Fortunately, these companies offer a range of flexible services to suit your needs.
Would you like to discover your ideal solution? Get in touch to discuss a customized package for managing your community association in Orem, Utah.
