Managing the day-to-day affairs of a homeowners’ association can be a tough job. More prospective homebuyers in Arizona are looking for properties that are managed by HOAs. For buyers and residents, the quality of life matters over everything else, and as long as the community is maintained well, they don’t mind paying a high price. Many communities are now choosing to outsource their work to Flagstaff HOA management companies. The question is whether hiring a third-party property management company is a good idea in the first place. Here’s a quick review.
Outsourcing has its perks
It is important to understand that HOAs are typically managed by residents. The board members are all residents who have regular lives and probably have to make time to participate in HOA activities and decision-making. If everything about HOA management is left to the board, the members may not have enough time to efficiently cater to all requirements. Property management companies in Flagstaff are known for their expertise, and the perks of hiring them include –
- Better management of finances and budgets
- Enforcement of rules and regulations
- Better care of amenities and common areas
- Assured support on vendor & contractor management
- Help with legal matters
What can an HOA management service do?
It depends on the needs of the client, and each HOA is unique in its way. Generally, HOA management includes –
- Financing, accounting, and audit services
- Maintenance and upkeep of premises
- Collection of dues and payment of bills
- Addressing complaints and tending to requests
- Finding teams to get work done
- Assigning a dedicated manager for the HOA
Since property management companies work with many HOAs, they already have ready resources. Over a period of time, they have built relationships with contractors and vendors, and that can come in handy for the HOA and the board members.
A win-win option for all
If you are a resident and are wondering whether your HOA should hire a property management company, you should know that the benefits are for everyone. For the board members, it would mean less work, which would allow them to focus on pressing matters and plans. Residents, on the other hand, can enjoy a better quality of life within the community, thanks to upkeep and maintenance. You don’t have to worry about paying your dues or missing out on important meetings because the dedicated manager will take care of all that.
Call a property management company in Flagstaff today!