Over 27% of Utah's homes are situated in homeowners associations.
If you're an HOA homeowner, you know what you want out of community living. When an HOA is operating at a high level, homeowners enjoy a safe, comfortable community with high property values and forward-thinking leadership.
The problem is that most associations are run by inexperienced volunteers who make up the HOA board of directors. When your board of directors isn't cutting it, the community doesn't get any of the perks mentioned above.
That's when hiring a community association manager becomes a great idea. In today's post, we'll explain some of the roles and responsibilities of a good HOA manager in Orem. Keep reading and learn how you can turn your community around with a professional HOA manager.
Accounting Services
All HOA homeowners are expected to pay monthly HOA dues. These funds are pooled together to pay for whatever the community needs, from regular maintenance to future amenities. When you don't have strong financial management, HOA dues won't go as far and the community will suffer.
Most HOA treasurers have no accounting experience to speak of. One of the most important community association manager skills is managing HOA finances. They'll have the expertise necessary to ensure the HOA's books are balanced and budgets make sense for the community's needs.
With good accounting, you'll never have to worry about HOA fees going up or property values tumbling. The financial health of your HOA will stabilize with a good HOA manager.
Governance and Compliance
One of the most important community association manager responsibilities is to help govern the HOA. All HOAs have unique governing documents that tell homeowners what they can and can't do. Some HOAs have rules around pets, while others have rules around rental properties.
Whenever you're governing dozens of homeowners with a set of rules, there will be issues. Rule breakers need to be dealt with so that harmony can pervade the community. HOA boards often have trouble handing out penalties, as it creates an uncomfortable power dynamic.
The role of a community association manager is to support your HOA board in keeping the peace. They'll have no problem enforcing the community guidelines and diffusing disagreements between homeowners.
Vendor Coordination
HOA maintenance is important for several reasons. A well-maintained community makes homeowners safe and comfortable. It also makes the community more attractive to potential investors.
When more real estate investors want to buy into an HOA, property values rise. In the best circumstances, they can rise to 4% higher than non-HOA property values.
To ensure maintenance is always taken care of, you need vendor coordination. When you pay a community association manager salary, you get built-in vendor coordination. Whatever your HOA needs, the right vendor will be one call away for your community manager.
Get the Best Community Association Manager in Orem
These are a few of the responsibilities of a community association manager. If your Orem HOA is struggling, bringing in an HOA manager will turn things around quickly. To get the best HOA management in Orem, PMI Reliant is the answer.
We're a full-service HOA management company, offering everything discussed here and more. Contact us today to learn how we can improve your Orem HOA.
