Is your community Association on the fence about hiring an HOA manager? Is it something that’s on your radar for 2015, but do you still need a little extra push before you make the decision? Maybe we can provide you with just that. Consider some of the various benefits that hiring an HOA manager can offer:
- An HOA manager will really understand your Association finances on a deep level. This is in no way meant as a knock against your Board volunteers, but many of them likely lack a background in finance. They simply might not have the right credentials to read financial statements and be strategic in long-term planning. An HOA manager can help.
- A professional manager can assist you in finding funding for unexpected maintenance needs. What if your pipes freeze and burst this winter? You may not have the right kind of cash to repair that, in your reserve fund, but a manager can help secure the needed financing.
- An HOA manager can help get more members involved. You want your homeowners to have a real investment in the community. You want them to feel like their voices are heard and their needs are addressed. An HOA manager can help facilitate communications, coordinate community events, and encourage members to be active in their HOA.
- Working with an HOA manager can reduce violations and violation notices, as the manager will bring a more proactive approach to community-wide communication.
- This one may come as a surprise, but hiring an HOA manager can actually save your HOA money. Yes, hiring a manager is an expense—but it also brings great value. Your manager will be able to look over your insurance costs, your vendor contracts, and your yearly budget to identify ways to save. What HOA wouldn’t want that?
There are plenty of other benefits besides. The point is, working with a manager can change your HOA at every level—and all for the better!
