Did you know that Tennessee has the 5th lowest HOA fees in the United States? A homeowner's association (HOA) helps to maintain the value of the properties and neighborhood through maintenance, improvements, etc.
However, ensuring a successful HOA means staying on top of communication, financial administration, repairs, and homeowner relations. They also must follow all local, state, and federal laws.
If you're part of your community association, here are several reasons why you should consider HOA property management.
Maintain Property Value
Curb appeal refers to the exterior of a home or residence and it includes elements such as landscaping, light fixtures, paint, etc. Improving curb appeal boosts a home's value. As a result, it also increases the value of other homes in the area.
When your Nashville community is full of beautifully maintained homes, it will do you and your neighbors a lot of good. Of course, keeping up with maintenance and repairs isn't easy. It takes a lot of time and effort.
If your HOA invests in an association management group, they'll have a professional team of experts on hand to tackle these problems. For example, they handle maintenance and building management, perform inspections, deal with work orders, and have on-call availability.
A successful HOA relies on residents following the community rules. If a homeowner violates an HOA policy, you have to know how to address the issue.
Policy enforcement is a tricky area. You don't want to upset the residents, and you also have to follow all state and local laws to ensure you uphold fair standards. However, policies are in place for a reason.
Thankfully, an HOA property management company takes this task off your hands. They will release new policies when necessary and ensure all current rules are being followed.
A disorganized HOA can send a community into chaos. It's crucial to stay on top of violations, resident relations, and upkeep to keep everyone as happy as possible.
One of the biggest benefits of HOA property management is that you get access to an unbiased professional that ensures everything runs smoothly so that every homeowner is content. Happier communities mean fewer disputes.
They Have Years of Experience
An HOA property manager has years of experience handling associations. They can help you make the most of your community by streamlining operations, providing financial management assistance, and offering suggestions for bettering the area.
They know all the relevant laws that pertain to a homeowner's association and can give you legal advice as well.
Make HOA Property Management Easy
Although running an efficient HOA is a lot of work, an HOA property management group can help you out. From maintenance and repairs to financial management, there are tons of services to explore.
If you're part of an HOA community here in Nashville, PMI Whiskey Trail is here for you. To learn more about what we offer, take a look at our board member resources and contact us to get started.