According to the Foundation for Community Association Research, there are more than 350,000 homeowners associations, or HOAs, scattered throughout the U.S. right now. That number is up dramatically from just 10,000 about 50 years ago.
HOAs have obviously become very popular in many pockets of the country over the last half a century. There are right around 75 million Americans currently living in them.
Do you help run an HOA in Charleston, SC as part of an HOA board? If so, you should consider taking advantage of the HOA management services available to you. An HOA management company in Charleston can provide you with a long list of benefits.
Here are several of the biggest benefits of calling on a property management company for HOA services.
Takes Care of Administrative Tasks
There will be so many administrative tasks that'll need to be taken care of by an HOA over time. This will include things like:
- Fielding questions from potential HOA members
- Arranging to hold regular HOA meetings
- Preparing an annual HOA budget
- Picking out HOA insurance providers
- And more
All of these administrative tasks might prove to be more challenging to tackle than you would expect. You'll be able to count on an HOA management company to assist you with them when you sign up for HOA management services.
Helps With Financial Management
Outside of dealing with administrative tasks, your HOA will also need to keep all your finances in order. If you don't do this, it could make it very difficult for your HOA to pay for all the amenities you're supposed to provide for those who live within your community and pay HOA fees.
This is another area in which hiring an HOA management company will help you. This company will be able to handle everything from rent collection to ensuring your HOA has enough money stashed away in your reserves.
This company will also provide you with the accounting and reporting services you'll need throughout the course of each year.
Provides Maintenance and Building Management
The people who live within your HOA community will largely be responsible for taking care of their own properties. But there will be some common areas that the HOA will be in charge of maintaining.
A great property manager will be able to step in and take care of any maintenance and building management you need to be done. They'll be on call for you 24/7 and will spring right into action when you need them the most.
It'll be one more amazing benefit that'll come along with utilizing HOA management services in Charleston, SC.
Call Us for HOA Management Services in Charleston, SC
As you can see, hiring one of the local HOA management services in Charleston, SC to help your HOA will work wonders for it. It'll take a lot off your HOA's plate and make sure those who live in your HOA community are happier overall.
Adams Properties can start setting you up with the Charleston, SC association management services you need now. Contact us today to get started.