A 2022 survey by Zogby Analytics for the Foundation for Community Association Research analyzed the satisfaction of those in community associations. 89% rated their experience as neutral or better. 75% of those with a community manager said they provided value and support to residents.
What makes these professionals so valuable? What makes them such an important part of member satisfaction?
Read on to learn why community associations need a professional association management company in Austin, TX.
Property Maintenance
HOA maintenance duties include:
- Landscaping
- Repairs
- Preventative maintenance
- Capital improvement projects
- Maintaining infrastructure
Keeping up with these duties prevents costly repairs. It also maintains the standards of the community and keeps property values high.
An association management company knows how to complete these tasks in the most efficient, cost-effective way possible. They have relationships with the most qualified local vendors.
Financial Management
An association management company can handle all the community's financial responsibilities, including:
- Budgeting
- Collecting dues
- Financial reporting
- Record-keeping
- Tax preparation
Their expertise preserves the long-term stability of the community. It makes sure there's enough money left over for any projects needed to maintain the community. It also keeps everything transparent so everyone knows where the money is going.
Community Rules and Engagement
One of the major community association management benefits comes from that first word; community. Living in them encourages collaboration and community engagement.
Managers address each community member's concerns. This keeps them happy and makes them feel heard.
They also go beyond the individual to create a sense of community. There are simple ways to do this, including:
- Hosting events
- Creating communal spaces
- Encouraging interaction among residents
- Putting up a communal bulletin board
Managers are also in charge of enforcing the rules and resolving conflicts. They're a neutral third party that can help reach a compromise. They'll also be the first to step in when a member isn't following the agreed-upon guidelines.
Legal Compliance
Association management firms know the law backward and forward. They understand the differences between general guidelines and the ones specific to the local Texas community. They also keep track of any changes to these laws.
Having a legal eye on your side reduces the risk of complications. You could end up with lawsuits, liabilities, fines, or even worse.
Community Growth
The best part of having an association management company is that it can grow with you.
Do you have a small community now? Start with a small suite of services. You can always add on more as it grows. The manager's expertise will help your community grow better and faster than you would be able to on your own.
Finding the Best Austin Management Companies
An association management company allows for more efficient association operations. They have the expertise to handle maintenance, finances, community engagement, legal compliance, and community growth.
PMI Silicon Hills provides professional community association management in the greater Austin and Hill County areas. We help create a harmonious and well-governed association.
Our top-quality service handles all the day-to-day needs of your association. Contact us today to get started.
