Illinois now has the fourth-highest number of community associations (19,010) in the US. Though the majority of homeowners in these associations (89%) are happy, many volunteers experience burnout. In fact, these volunteers complete 98.5 million hours of volunteer service for their communities annually.
Instead of leaving your volunteers to fend for themselves, hire a community association manager. Homeowners association management can help your community thrive.
Not sure if you need help? Read on to discover the benefits of working with HOA management companies!
HOA Property Maintenance
If you want your community association's property values to rise, you need to invest in HOA property maintenance. Maintaining your beautiful community will help you attract new members. With association property management services, you can avoid delays.
Your association manager already has professional connections. They'll know of reliable vendors in the Greater Chicago area worthy of your trust.
They'll keep the landscaping, buildings, and common areas looking perfect. The best homeowners association management teams have an eye for detail.
Your manager can help the community save money. They'll gather competitive bids from multiple contractors. With their help, you can keep the community looking its best without going over budget.
Navigate Regulations
New HOA laws and regulations are put into effect every year. If you neglect to follow these laws, your community could receive a fine.
Most HOA board members and volunteers lack legal experience and expertise. Hire an association management group that offers legal services. They'll help you comply with new local, state, and federal laws.
Their legal expertise can help you avoid consequences, including fines. They'll help the board enforce zoning laws while protecting resident rights. Knowing you're compliant can give community members peace of mind.
Manage Finances
The majority of HOA residents aren't convinced their boards honestly handle HOA funds. Your community members may feel more comfortable if a third party steps in.
Your homeowners association management group can provide financial services. They'll use state-of-the-art technology to streamline:
- Fee collection
- Budgeting
- Financial reporting
They can share regular reports with residents to ensure accountability and transparency. Members may feel more confident outsourcing these processes.
Facilitate Communication
Maintaining open communication between residents is essential for a harmonious community. Your association manager can provide members with regular updates. They can send newsletters or update your resident portal.
They'll act as a voice for the board and stakeholders when necessary. If there are disputes, your association manager will step in as a facilitator.
Reduce Stress
Managing a community alone can become stressful and time-consuming. Your volunteers have their own jobs and lives. Outsourcing to a homeowners association management company will take the stress off their shoulders.
Choose a full-service property management company. Their range of services can improve the community and minimize stress.
Hire Your Community Association Manager
Your community's volunteers don't need to continue operating alone. Instead, hire a community association manager. An association property management group can help your community thrive.
PMI Chicago Metroplex has 20 years of experience helping communities like yours build value. We provide Best in Class property management using state-of-the-art technology and award-winning strategies.
We can provide your community with superior services and support. Contact us today to meet your association manager!
