10% of Tennessee's 3.1 million housing units are situated in homeowners associations.
If you're one of these homeowners, you may be wondering why your community isn't giving you what other communities provide their members. At the end of the day, every HOA is only as good as the people who run it. Many HOA boards are ill-equipped and inexperienced to tackle HOA duties.
That's when hiring an association manager becomes a good idea. In today's post, we'll explain how HOA manager services can elevate the quality of your Nashville homeowners association in 2024. Keep reading and start enjoying HOA living for the first time.
HOA Accounting
All homeowners must pay their HOA dues to live in the community. These fees are collected and combined to pay for everything that the community needs, from maintenance to new amenities.
An HOA manager can collect fees, perform bookkeeping duties, and formulate sensible budgets for your community. By doing so, they can improve the financial stability of the community, which keeps HOA fees low and property values high.
Running HOA Meetings
HOA meetings are where all community members come together to discuss important matters in the association. HOA board meetings only involve the board members, where they discuss the day-to-day functioning of the community.
In both types of meetings, you need the people in charge to be organized and communicative. Failing to run organized meetings means that they won't ever result in anything, which will alienate HOA members.
A good HOA manager can run such meetings with ease. Not only will they make sure all voices are heard and meeting minutes are taken, but they'll also make sure the community's wishes are enacted after the meeting.
Vendor Coordination
HOA maintenance is important for community living in so many ways. Firstly, it's important to maintain the safety and comfort of all community members.
Perhaps more important, however, is the effect a well-maintained community has on property values. A nice community is one that investors will always be interested in. This can drive property values up as much as 4% above non-HOA properties.
To ensure maintenance is always completed, you need good vendor coordination. Your HOA manager will bring existing vendor relationships to your community. Whether it's weekly trash pickup or seasonal landscaping, the right vendor will always be there for your needs.
Governance and Compliance
All associations have governing documents that homeowners must abide by. Some communities have rules around allowing rentals, while others have rules around allowing pets.
Anytime you've got dozens of homeowners working under a single set of rules, you'll have rule breakers. An HOA manager can issue penalties to bad actors and diffuse arguments to ensure harmony in the association.
Get the Best HOA Manager Services in Nashville
These are a few of the many hats HOA manager services can wear, but only if you get the best company. For your Nashville HOA, the only choice for HOA management is PMI Whiskey Trail.
We offer comprehensive HOA management services that include everything discussed here and more. Contact us today to find out more about what we do to improve Nashville's community associations.
