As of 2022, more than 74 million Americans were living in managed communities.
Homeowners associations provide various benefits that make these communities great places to live, but things don't always go smoothly. HOA boards are often unable to stay on top of all their duties, resulting in various issues. Association managers can step in here and take on various responsibilities to support the HOA and the community.
Let's take a look at how Ewing, NJ association solutions can benefit your community.
Common Area Maintenance
One of the main benefits of community management in Ewing, NJ, is the organization of maintenance. HOA communities typically have various common areas such as gyms, clubhouses, swimming pools, parks, and more. While residents are responsible for maintaining their own properties, the HOA board is supposed to organize any maintenance and repair work needed for common areas.
Association property management services can take on this duty, ensuring all common areas are safe and usable at all times. They tend to have good relationships with vendors and contractors that they work with a lot, making it easy for them to oversee this. They may even be able to secure better deals that help save community funds.
General Admin
Various general administration tasks fall to the HOA board, and while they're not always difficult, they can be very time-consuming. These may make it harder for the board to handle all of their other duties effectively.
An HOA manager can deal with these tasks, freeing up the HOA board. In many cases, they'll be more efficient, too. Some typical tasks include:
- Screening prospective property owners
- Answering calls and emails from residents
- Handling documentation
- Compiling applications
- Organizing HOA board meetings
- Distributing notices
For any tasks they don't take on, an association manager can help guide the HOA board. Their experience allows them to offer expert neighborhood guidance that will help the board operate effectively.
Financial Management
Finances within an HOA community can be very complicated. An association manager can oversee the collection of HOA fees, ensuring all residents are paying what they should be.
They can also assist with budgeting to ensure community funds are used effectively. By forecasting income and expenses, they can make sure funds are used in ways that benefit the community. Their experience will also help ensure there are no mistakes, which would be more likely if finances were handled by someone without the right skillset.
Legal Support
There are various laws and regulations that your community needs to abide by, and these can change quite often. Similarly to accounting, things can get complicated here.
Association management companies stay up to date with local, state, and federal laws. They can help ensure your community remains compliant and avoid any potential legal issues.
Professional Association Managers in Ewing, NJ
Association managers can offer a range of benefits that will help any community flourish. Their experience and expertise will help your HOA board stay on top of their duties at all times.
PMI Essential is a full-service real estate asset management company serving Ewing and the surrounding communities. We're a part of one of the fastest-growing property management companies in the US with over 20 years of experience. Take a look at our association management page to find out more about how we can help your community.
