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In the US, there are about 370,000 homeowner associations (HOAs) that represent about 40 million home units.
In Land O Lakes, Florida, these HOA properties include single-family homes, condominiums, and rental units. HOA property managers are responsible for the care and management of these communities.
The services they provide are an integral part of any successful HOA.
If your HOA is considering hiring a property manager, you might wonder how they will benefit your association. Read on to learn more about HOA property managers and what they do.
What Are HOA Property Managers?
HOA property managers are professional property managers who will work with the HOA board to manage the association. This often alleviates the board from day-to-day management and enforcement tasks.
The property manager works to help maintain the property and handle all matters related to finances with the board's approval.
The HOA manager will handle any property owner disputes to allow the board to remain out of the fray with neighbors. The manager can act as a neutral third party to address concerns and problems.
Benefits of HOA Property Managers
The property manager for an HOA offers a host of benefits. Of course, you can arrange what services you feel your HOA needs and wants to outsource.
Let's take a closer look at the benefits of hiring an HOA property management company.
Manage Finances
One huge benefit of hiring an HOA manager is they will handle the finances of the HOA.
The property manager would be responsible for collecting association dues. If the dues are not paid on time, they can assess late fees.
The manager will be responsible for paying bills for the HOA to contractors for the upkeep of the property.
Enforce HOA Policies
As a board member of an HOA, it can be tough to go to neighbors who aren't following the rules and get them to do what they should.
As a neutral third party, it's much easier for an HOA manager to enforce board policies with members.
Help to Maintain Property Value
The property manager can provide the HOA tips and advice for how to ensure the property is well cared for and maintain standards of similar communities in the area.
They usually have a resource of contractors to help manage common spaces in the association and to handle repairs and preventative maintenance.
Provide Residential Management Experience
HOA property managers in Florida often bring professional residential management experience to the table.
The manager can provide a wealth of experience and advice to the board about how to handle different issues the board faces. They will know how to successfully manage the property, maintain a high standard of care, and further the success of the community.
HOA Member Engagement
Any community is only as good as the people who live in it. The HOA manager can work to engage community members in decision-making and community involvement.
Use an HOA Property Management Company
HOA property managers bring a wealth of professional resources and benefits to the HOA. They work to support and maintain the community, making it easier on the board.
If you live in a Land O Lakes community and need an HOA property manager, we can help. Contact us today to learn more about HOA property management services for your community.
