Throughout California, there are currently more than 50,000 managed communities.
Homeowners associations can take on various duties that benefit their communities, though many HOA boards struggle to keep up with everything. HOA management companies can step in here to help with community management tasks. This can ultimately lead to a thriving community that residents love to be a part of.
So what, exactly, can an HOA management company do for your community in Oakland, CA? Keep reading to find out.
1. Common Area Upkeep
There are generally various areas in HOAs that are for all residents to use. Typical examples include gyms, pools, parks, and more. An HOA manager can organize and oversee maintenance and repairs in these areas to ensure they're always in good shape.
They can also handle landscaping throughout the community. This will ensure the entire neighborhood looks good, which not only makes it more pleasant for residents but can help support property values.
2. Vendor Coordination
HOA managers can coordinate with vendors and contractors when needed. On top of finding and hiring vendors, they'll also negotiate to get reasonable terms and better prices. This will help save community funds which can then be used in other crucial areas.
3. Administrative Duties
HOA responsibilities include various administrative tasks, but the board members may not have enough time to take care of everything. HOA managers know how to handle administrative tasks quickly and effectively.
They can often get things done much faster than the board would so they can focus on other tasks. Administrative duties typically include things like:
- Assisting with budgeting
- Responding to calls, emails, and voicemails from residents
- Coordinating board meetings
- Creating and maintaining reports
- Planning events and agendas
4. Finances and Accounting
HOA boards often lack the experience and expertise to manage finances effectively. A property manager knows what's required and can oversee this.
They can collect HOA fees, create yearly budgets, maintain records, and more. Not only will this reduce the risk of financial mistakes, but they can also often optimize spending. This results in further savings of community funds.
5. Policy Enforcement
HOA boards must establish certain policies for all residents. These are rules to help keep the neighborhood up to a certain standard and often involve things that other residents may not like such as excessive noise or certain property modifications.
Because HOA board members tend to know other residents personally, they sometimes struggle to enforce these policies. An HOA manager doesn't have any biases and can enforce policies fairly. This stops people from getting away with breaking community rules.
The Benefit of HOA Management Companies
HOA management companies offer various services and can take on a range of property management duties. They can support the HOA board and help keep things running smoothly at all times, enhancing community living for all residents.
PMI Oakland provides reliable HOA management services throughout Oakland, CA. We're a family-owned business and operate under the PMI brand; one of the fastest-growing real estate management companies in the country. Take a look at our association management page to find out more about how we can help your community thrive.
