Ohio has more than 8,000 homeowners associations, accounting for around 600,000 homes.
If you own one of these homes in the Columbus area, you likely have certain expectations from your HOA. Sadly, there's a widespread trend of communities failing to meet homeowner expectations. Your HOA board comprises volunteer homeowners, most of whom aren't equipped to manage the community's needs.
Sometimes, the best thing is to bring in a professional. Hiring association property management can ensure the success of community assets now and in the future. Keep reading and we'll explain how community managers do this and why you should consider one for your HOA.
Governing Communities
All communities have governing documents that outline the rules of the association. The success of a community hinges on how compliant community members are with these regulations. Some communities have rules around pets and rentals, while others have quiet hours and landscaping regulations.
When someone breaks a rule or neglects HOA fees, what do your community leaders do about it? If the HOA board can't punish bad actors, it sends a message to other homeowners that compliance doesn't matter.
A community manager has no problem issuing penalties and fines to rule breakers. They may even go as far as to send out liens and foreclose upon delinquent homeowners to maintain harmony in the community.
HOA Accounting
HOA funds are collected each month to pay for everything an HOA needs. If your leaders don't know how to manage this money, they'll have no choice but to raise the fees. This isn't good for anybody.
Columbus property management gives you access to professional accountants and bookkeepers. These people will collect fees, balance books, and come up with sensible budgets to preserve the financial health of the community.
Coordinating HOA Property Maintenance
Maintenance is important for multiple reasons. Firstly, it ensures community members are happy and safe. Secondly, it makes the community more inviting to outside investors.
When there's interest from investors, property values magically rise, creating more wealth for everybody. A community needs local vendors to ensure maintenance is a priority.
Your community manager will establish vendor relationships. Whether your HOA needs recycling pickup or tree trimming, the right vendor will be a call away.
Running HOA Meetings
HOA meetings decide the future of the community. They give community members the chance to discuss important matters, such as amendments to governing documents or what new amenities the community needs.
If your meetings aren't organized, nothing will ever get done. HOA management services know how to run HOA meetings effectively. Everyone will have their opinion heard and, once matters are decided, they'll enact the community's wishes.
Getting Association Property Management in Columbus
Preserving community assets takes a collective effort from everyone. That said, having a professional's expertise can make running an HOA so much easier. These are just a few perks of association property management, but there are many more to discover.
The only choice for association management in Columbus is PMI Scioto Metro. We offer all of the services mentioned here and so much more. Contact us today to learn how we can help your HOA thrive.
