Think you can handle it all on your own? Think again. There is simply a lot more to managing a community association effectively than you may think. It has a lot to do with governance, but it also involves creating relationships and synergies between individuals. You’ve got to be comfortable with enforcing rules, conducting elections, meeting new board members, and so much more.
Above all, being in a homeowner’s association means you and your home have a common ownership interest with your neighbors. Shouldn’t it then be logical to have a professional, experienced community manager at hand to help you get the job done and watch out for your interests?
Do You Want to Contend with Phoenix Valley Traffic?
Does your HOA need a management company, or can you handle self-governance? You may associate management companies with higher costs, but the truth is an HOA without a management company may find it hard to thrive, especially in a place like Phoenix and the surrounding areas.
Even as the pandemic fades, we find ourselves contending once again with traffic. Just head out on to I-10 at any point during the weekday and you will find yourself bumper-to-bumper with other drivers. Wouldn’t it be easier if a property management company were handling the day-to-day needs of your HOA so that you could relax at home rather than be stuck in the most congested traffic in all of Arizona?
With the right management company, your HOA will achieve much more than saving money. There are a lot of benefits to hiring a trusted management company to help you manage your HOA. And perhaps the best way to examine those benefits is through looking at how self-management works and doesn’t work.
Should You Self-Manage Your HOA?
If there is one chronic problem HOA’s deal with, it is a lack of qualified volunteers. Because HOAs need plenty of them, and in many cases, they can be hard to find. HOAs find they have consistent issues keeping unpaid staff on because eventually they stop giving up their time. Even in the most dedicated HOAs, this becomes an issue.
The infrastructure an HOA contends with is just too big to manage on an all-volunteer basis. This is more than a full-time job, so imagine how many people would have to give up their full-time job to do it. From tennis courts to pools and private roads, there is a lot to consider.
Self-managed HOAs also deal with a lack of consistency in governing. When volunteers are behind the laws and covenant support, there is a risk that enforcement becomes lacks. Sometimes favoritism and unfair treatment can even arise.
Benefits of Working with a Property Management Company
There are many benefits to working with a property management company, especially here in the Phoenix Valley. Did you know that there are nearly 5 million people that live in the Phoenix Metropolitan area? This represents a huge geographic area, with homeowner’s associations all throughout the Valley. How is an HOA to know who to go to or where to turn when a problem arises in a metropolitan area this large?
This is where Property Management Incorporated comes in. Our professional managers must be well aware of local ordinances, laws and regulations in the Phoenix Metropolitan area. From real estate to corporate and labor laws, there is a lot to think about when it comes to maintaining a homeowner’s association. We have a working knowledge of finances, accounting, budget operation, taxes and insurance. We know these things because you need to know these things.
Professional outsourced property managers have strong personnel management skills. They are adept at hiring and supervising contractors and staff. After all, this is what they do, day-in and day-out. Here at PMI, we also keep a keen focus on property maintenance, from landscaping to repairs, replacements, facilities upkeep and mechanical needs.
Finally, we work with board members to help coach and train them in the best ways to govern an association. Whether it be through conducting meetings, supervising elections, or ensuring adequate compliance with local governing documents and ordinances — we do it all. Visit our website for more information or contact us today at (623) 688-3363.
