Information from the National Association of Realtors states that there are currently around 75.5 million Americans living in HOA communities. These areas are very desirable as they offer an improved quality of life, but they may not always operate smoothly.
Many HOA communities face various challenges, and their HOA boards can have a difficult time staying on top of things. Hiring an association management company is a common approach as they offer a level of assistance that can help HOA communities thrive.
In this guide, we'll take a look at how professional association management can help your HOA community in Boise, ID, succeed.
Common Area Maintenance
Common areas are a standard element of HOA communities. They consist of various facilities that residents are free to use. Some common examples include:
- Art studios
- Fitness centers
- Swimming pools
- Dog parks
With regular use, these areas will exhibit signs of wear and tear. The HOA board is typically responsible for keeping them in good shape, but an association manager can take over this duty.
They often have plenty of experience when it comes to organizing maintenance, so they can handle this efficiently. Due to the networks they tend to maintain, they may also be able to get better prices on a range of maintenance services. The saved money can then be used to help the community in other ways.
Administrative Duties
Keeping an HOA organized isn't easy, and there are various administrative duties that need to be completed regularly. These include:
- Organizing HOA meetings
- Planning social events
- Responding to messages and answering calls
- Updating the HOA membership list
- Keeping and organizing records
An HOA board can handle these, but they can often be very time-consuming. Many HOA boards try to take care of all of this themselves, but they then don't have enough time to dedicate to other important tasks.
Efficient association solutions can eliminate this issue. An HOA manager can handle all of these, and their experience makes them far more efficient. The HOA board can then concentrate on other responsibilities.
Financial Management
Financial management is crucial for an HOA, but unlike their administrative duties, things can be very complicated here. Most HOAs don't have any members with a financial background, so they can struggle to manage finances properly. It can be very beneficial to have a trained professional step in here.
An association manager has relevant training so they know how to deal with financial tasks such as:
- Maintaining financial records
- Setting budgets
- Collecting HOA fees
Not only can they improve efficiency here, but they can also reduce the risk of mistakes. Additionally, they may be able to identify areas where the community is overspending, allowing them to make adjustments that will result in savings.
Working With An Association Management Company
An association management company can be a huge help to any HOA community. The right Boise association services will ensure your HOA board can manage their duties effectively, helping your community to grow and thrive.
PMI Treasure Valley is a leading association management company based in Boise, ID. Our experienced team uses cutting-edge technology to help drive the best results, and we can cater our services to meet the exact needs of your community.
Take a look at our association management page for more information.
