HOAs rise in popularity every year and California continues to reign supreme with the most HOA communities in the country. The problem is that even an enthusiastic Oakland HOA won't find success without strong leadership.
Hiring an HOA management company is the surefire way to bring better results to your community.
If you're unconvinced, keep reading. We'll outline the most beneficial services an HOA company can offer that'll see your community thrive better than before. Read on to learn more!
Bookkeeping and Budgeting
Are you tired of trying to figure out your HOA's finances? Does your community have trouble completing necessary projects due to a lack of budget?
Keeping track of bookkeeping and budgeting is part of an HOA company's responsibilities. They'll not only have the experience to help put your books in order, but they'll also have trained accountants at the ready.
Instead of spending all of your time during an HOA meeting trying to figure out finances, you'll have the chance to focus on other important issues.
Common Area Maintenance
Sometimes it's easy to put off regular maintenance of the HOA's common areas. The dilemma with this is that skipping maintenance for little issues soon turns into necessary maintenance for larger issues.
HOA management company costs will go towards keeping up with all HOA maintenance needs. Everyone can enjoy the common areas to the fullest.
Vendor Connections
One of the biggest differences between an HOA board vs. management company is the connections a professional company can bring to the table. Close working relationships with vendors can be a huge asset for an HOA but they take a lot of time and dedication to build.
A professional company can bring these already-built connections to your HOA when they work with your community. They'll help give you priority and good pricing for services, which can speed up repairs and save you money.
Policy Enforcement
Since an HOA is meant to be a close-knit community, it's difficult to deal with enforcing policies and rules. If you don't enforce penalties, it diminishes your authority as an HOA. However, when you know everyone in your HOA, how can you enforce those policies without it feeling personal?
Outside help is the answer to this problem. An HOA company rules on the policy issues and helps ensure that there are no hard feelings between members of the community.
They'll take the brunt of the blame so that the community will continue to function as a close-knit unit.
Choosing an HOA Management Company
Having an HOA management company take over detailed work like bookkeeping and vendor connections relieves stress for the entire community. The key is to find a company that you can trust to care about your HOA as much as you do.
As a family-owned business, PMI Oakland uses a familial perspective to help other communities flourish. We have a wide range of services for the Bay area, including maintenance, financial assistance, and administrative management.
Get in contact with us today and we'll work to strengthen your HOA together!
