The SCDCA received over 1,000 complaints against HOA boards between 2018 and 2022. The majority centered around maintenance issues, failure to enforce regulations and poor communication.
Hiring a HOA property management company is one way to ensure your HOA doesn't fail in these areas, too.
Keep reading to find out how a HOA property management company can help Charleston housing developments thrive.
Homeowners Association Management Skills
HOA board members are volunteers. They rarely have the skills offered by a homeowners association management team.
They assist the HOA in their spare time. This places them under a lot of pressure to perform these unfamiliar roles.
An HOA management company hires experts in a variety of necessary fields to ensure your HOA runs smoothly.
They have legal experts on hand to assist with understanding and complying with SC HOA laws.
Their financial teams can help streamline your bookkeeping process. Accountants are available to assist with budgeting and taxes.
Improve Your Financial Services Management
Collecting HOA fees from community members can be arduous.
HOA board members must justify annual increases to their peers. They sometimes have to approach people they know about paying overdue fees.
It's more effective to have a third party perform these awkward tasks and arbitrate disputes.
A dedicated bookkeeping and administration team can complete the following tasks quickly and effectively:
- Managing accounts
- Paying vendors and contractors
- Setting up budgets
- Circulate correspondence
When tax time comes around, an accountant will help you submit your returns on time and maximize your deductions. They can also help you identify other ways to save money when budgeting.
HOA Property Management Adds Value
People enjoy living in HOA communities because of the on-site amenities offered in these housing developments. That's why they're prepared to pay more for these homes.
It's the HOA board's job to keep these facilities in pristine condition. If they don't, the community can quickly lose its value and appeal.
An HOA management firm has the experience and systems in place to manage routine maintenance and repairs. This ensures your facilities stay in prime condition for homeowners' enjoyment.
Ongoing care also reduces the frequency of expensive replacement projects.
Thanks to their industry connections, HOA managers will source the most reliable and cost-effective contractors for each job. They will also oversee the work, reducing the time demands on your HOA board members.
An efficient maintenance routine is the best way to ensure your development retains and even improves its value.
Does Your Community Need an HOA Property Manager?
If your HOA board feels overburdened with complicated tasks and time constraints, it's time to find a better way. An experienced homeowners association management team is the answer.
These industry experts have the qualifications and experience to help ease the load.
When you work with a professional HOA property management company, you'll improve the way your HOA operates. You'll also relieve your board members of undue stress and free up their time.
Get in touch to discuss the best HOA property management solutions for your needs in Charleston, SC.