Recent research suggests that most residents in HOAs are satisfied with the work done by their HOA boards. That comes as a welcome relief to volunteer board members who dedicate so much time to HOA management in Tennessee.
Are you a board member who's committed to keeping your residents happy and searching for ways to improve your performance? Hiring an HOA management company is the answer for you.
These are the top five ways HOA Manager Services can assist your Nashville HOA board.
1. Managing Administration and Finances
HOA Property Management Companies take care of all the big and small tasks associated with running an HOA. They will perform monotonous, time-consuming tasks like generating reports, coordinating meetings, and responding to emails and phone calls.
They will also see to more complex tasks, like budgeting, making payments, and handling financial statements and reports.
2. Maintenance and Vendor Management
HOA common areas are what bring value and appeal to the community association, provided they're kept in immaculate condition. An HOA management company will see to the following routine tasks and more:
- Maintaining storage areas
- Landscaping and lawn care of shared spaces
- Routine maintenance and repairs
- Waste management for common areas
They must engage with outside vendors to accomplish these tasks. This process involves obtaining competitive bids, screening vendors, managing contracts, and supervising the work.
Established HOA management companies can often help the HOA save money by getting preferential rates thanks to their ongoing relationships with local vendors.
3. Financial and Legal Guidance
HOA board members rarely have the skills, experience, or qualifications to carry out some of their tasks. An HOA manager can assist with training and guidance or offer the following specialized services:
- Accounting
- Tax Preparation
- Financial forecasting
- Strategizing
They're abreast of all the latest Tennessee HOA laws, so they can advise and guide HOA board members in this regard too.
4. HOA Manager Services are Neutral
Every HOA has a strict set of community rules to ensure community members benefit equally from owning property in these communities. It can be awkward for volunteer board members to follow up with neighbors and friends regarding late fees or noncompliance with these rules.
A community association manager has no ties within the community. Thus, they can enforce HOA laws impartially and resolve disputes without fear of reprisals.
They can assist the board by
- Responding to noise complaints
- Managing property line encroachments
- Handling architectural rule violations
- Billing of residents
- Collecting dues
- Managing sensitive accounts
- Issuing delinquent notices
5. Building a Better Community Spirit
An HOA manager can help maintain harmony in your community through transparent, timely communication. They often implement state-of-the-art HOA management systems to help fine-tune this and set up resident portals for instant communication and convenient payments.
An HOA management company can also arrange and oversee projects to improve community spirit. These include communal activities like planting trees, trash pickup days, or social events.
Get Help for Your HOA Today
Are you eager to alleviate your HOA board members' stresses and free up their time? Hiring reputable HOA manager services is the best way to accomplish this.
PMI Whiskey Trail offers a full range of Nashville HOA property management services to help you cope with the demands of administering your community. Sign up so you can benefit from our years of experience with Nashville HOA management.
