There aren't many states that have more homeowner's associations than Florida. In fact, California is the only state with more HOAs than Florida, and it's by a very narrow margin. California has about 49,200 HOAs, while Florida has about 48,500 of them.
Do you live in one of these Florida HOAs? If so, you know what a challenge it can be to run an HOA. You should consider calling on one of your local HOA management companies to assist you.
You'll be able to benefit from working with a company that specializes in providing HOA management for communities in so many ways. It'll make you wonder why your HOA didn't decide to hire HOA property managers sooner.
Here are several of the biggest benefits of HOA managers who can provide property management.
Tackle Administrative Tasks
One of the hardest parts about running an HOA is getting a grip on all the administrative work that'll need to be done. From welcoming new HOA members into the mix to sending out notices to existing HOA members, there will always be administrative jobs that'll need to be handled.
If your HOA is struggling to keep up with these tasks or simply spending too much time completing them, one of your local HOA management companies will be able to step in and help. They can provide you with HOA property managers who will oversee administrative work and ensure it all gets done in a timely fashion.
Maintain Financial Records
Your HOA is going to need to keep meticulous financial records to achieve long-term success. You'll have to collect HOA fees from your members and use the cash you receive to pay for expenses and establish reserve funds for the future.
If you're having a difficult time maintaining accurate financial records, this is another area in which HOA management companies can help. They'll be able to show you better ways to monitor the money you're bringing in and spending.
Handle Routine Maintenance
Your HOA members will take care of maintaining their homes for the most part. But your HOA will need to take care of any maintenance that must be done in common areas.
If you're not always able to get to maintenance jobs quickly enough, it could turn into a problem for your HOA. Fortunately, HOA management companies can lend a hand in this department, too. They'll be able to handle routine maintenance to keep everything within your HOA community working like it's supposed to.
Hire One of the Best HOA Management Companies Around
Now that you've discovered the things that HOA management companies can do for your HOA, would you like to hire one to help you? PMI Pinellas can provide you with the assistance your HOA needs.
We'll make sure your HOA runs more efficiently from the moment you bring us on board to help. Reach out to us today to get more information on our Palm Harbor association management services.