Filing paperwork, responding to calls and emails, managing finances; it's all in a day's work when you're a community board member. As a volunteer, there aren't enough hours in the day to finish every project. For help, consider hiring community association managers this year.
There are over 296,000 property management companies in the US. The industry keeps growing as more communities start relying on these companies for help.
How can a community association management company help you? Read on to learn more about their responsibilities today!
General Admin
One of the most time-consuming job duties community volunteers have involves administrative tasks. These tasks can include:
- Reviewing proposals with the board
- Screening prospective owners
- Compiling applications
- Attending meetings and taking minutes
- Answering calls and emails
- Handling documentation
- Updating information in databases
- Distributing notices
These tasks require hours of time and organizational skills. Your community's board members can focus on bigger projects instead. Allowing a community association manager to handle these tasks can free time in your busy schedule.
Maintenance
Proper maintenance can boost the community's overall property value. It can also help members save money.
Instead of paying for replacements, you can make minor repairs to maintain your beautiful community.
Your manager's job responsibilities include finding and vetting local vendors. They can solicit bids to find the best local prices. They'll ensure you only hire vendors who can complete tasks on schedule and within the budget.
A beautiful community is more likely to attract future members. The value of homes in community associations is nearly $11 trillion. With help from your community manager, your community's perceived value will increase.
Communications
Coordinating internal communications throughout the community is essential for transparency. Otherwise, community members could get frustrated if they're not informed of updates and new projects.
Choose a community association management company that uses the latest technology. They can use an online portal to keep everyone informed.
They'll coordinate communications between board members and the community. They'll complete to-do and action item lists. With their management services, members can track the progress of ongoing projects with ease.
Financial Management
Proper financial management is essential to helping your community thrive. Your community association manager can:
- Create financial statement reports
- Monitor the budget
- Forecast income and expenses
- Manage accounts payable
- Ensure invoices are paid on time
- Manage assessment collection policies
They can keep your community financially stable.
Legal Services
Your community needs to remain informed of new laws and regulations. Failing to enforce these new laws can lead to fines.
The best community association management company will offer legal services. You can leverage their expertise to remain compliant.
Hire Community Association Managers Today
The best community association managers offer a range of services to help communities thrive. Consider hiring a community association management company. Allowing them to take on these job duties can take the burden off board members.
PMI Reliant is committed to delivering exceptional services. We take pride in our ability to tailor services for each community.
Contact us today to learn more about how we can help your community succeed.
