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Are you on an HOA board? Is your board struggling to keep up with the responsibilities characteristic of running a successful HOA? If so, you should look into HOA management companies.
These companies provide a wide variety of services, and can help an HOA to function like a well-oiled machine. Wondering what association management services can do for you? Here are some of the responsibilities of a HOA management services.
Enforce Community Rules
If you want your community to maintain its value, you need to create and enforce rules for all community members. Creating rules is generally the easy part. Enforcing them isn't always so easy.
This is where an association management group can come in handy. These groups have processes in place that simplify the enforcement of community rules. They'll ensure that community members are abiding by rules and fairly penalize those that do.
Collect Fees
Not only will association management companies enforce community rules, but they'll also collect fees. This includes everything from monthly HOA fees to fines and otherwise.
Most of these companies use online software that enables community members to pay remotely. This software not only processes payments but also sends out reminders to those who are late on their payments.
Do Your Accounting
Living communities are constantly spending money on various entities. Whether it's maintenance for the common areas, the installation of a new swimming pool, or otherwise, they have a variety of financial information to keep track of.
Of course, accounting work can be dull. Plus, it takes more time than you realize. This is where an HOA management group can be of assistance.
These groups do accounting for all of their clients, monitoring and updating their books so that they know exactly where their money is going.
Perform Maintenance
Every living community has common areas. These include areas such as grassy fields, swimming pools, gyms, and more. Because all of these areas are used by the whole of the community, they need to be tended to not by individuals but by the community association instead.
Of course, as the leader of the community, managing maintenance can be time-consuming. This is why it's often wise to pass the responsibility off to a community management company.
They'll not only find the proper contractors for the jobs that are required, but they'll also facilitate payment to them. And if conflict ever arises with said contractors, they'll handle that aspect of the process as well.
Looking for HOA Management Companies in St. Louis?
What do you think? Are you interested in utilizing HOA management services? Are you looking for HOA management companies in St. Louis?
We here at PMI STL Metro are the ones to see. We provide all of the services discussed above and then some. We'll do everything necessary to ensure your community runs like a well-oiled machine.
Contact us today to get the ball rolling!
