According to the Community Associations Institute, homes in associations have a collective value of $11 trillion. However, your community's value could fall without proper care. You'll lose the chance to attract new members!
Before that happens, partner with an association management group. They can boost property values and community satisfaction.
Not sure if you need property management services? Read on to discover the top association management benefits before deciding!
Improved Property Values
Your association manager will schedule routine inspections. They'll ensure your community remains in good shape to improve property values. Their maintenance services can include:
- Pressure washing
- Handyman services
- Inspections
- Major maintenance
- Preventive maintenance
- Project management
They'll review the common areas, properties, and landscaping to ensure everything is in order. Their HOA management solutions can protect the community. As the community's aesthetic improves, residents will take pride in their beautiful neighborhood.
Otherwise, potential residents will notice you've neglected these areas. They'll turn their attention to another HOA instead.
Vendor Coordination
Choose a company that offers vendor coordination services. They'll manage relationships with local contractors. Associated tasks may include:
- Selecting vendors based on qualifications and pricing
- Negotiating contractors
- Monitoring vendor performance
- Resolving issues
- Coordinating projects
- Maintaining accurate records of invoices and payments
These tasks can become time-consuming and stressful. Outsourcing this process ensures your HOA receives high-quality services. HOA management services will enhance your beautiful community.
Increased Financial Health
Based on a recent study by Rocket Mortgage, 64% of HOA residents don't feel their HOA honestly handles the finances. Your community's financial health is essential for long-term growth. Your residents may feel more comfortable if a third party steps in.
Community management benefits each association's financial health. These services can include:
- Managing the budget
- Preparing and filing tax returns
- Assisting with decision-making
- Providing financial reports
- Handling payroll
- Preparing financial records
- Processing dues and fees
Hiring an association manager ensures transparency. Residents can feel confident knowing how the board is spending their dues. Better financial health can help your community thrive.
Better Quality of Life
The amenities you offer can make your community unique. You'll have an easier time attracting future residents. Amenities that can improve everyone's quality of life include:
- Swimming pools
- Fitness centers
- Community gardens
- Parks
- Ponds
Your property manager can take care of these areas. Their services can support the community's happiness and well-being.
Improve Community Living and Engagement
An association manager can help the board plan and host events for community members. The community will have an easier time connecting. Better community living and engagement can improve everyone's quality of life.
You'll start building a sense of camaraderie among neighbors. Having a close-knit community can encourage residents to stay for years.
Your association manager can connect residents through an online portal. This will increase communication and transparency.
Hire Your Association Management Group
You don't have to manage your San Francisco community alone. Instead, partner with an association management group. Their services can improve community living and property values!
PMI San Francisco has been changing the industry for nearly 20 years. We'll take the time to understand what makes your community unique to achieve your goals.
Trust our award-winning services and professional guarantees. Contact us now for a free consultation.
