Managing an HOA (short for Homeowners’ Association) can be overwhelming, especially for residents who often double as the Board of Directors. HOA management is more than just about keeping records or paying the bills. HOAs are responsible for everything, right from budgeting and cash flow, to maintenance, upkeep, and care of community amenities. Many communities are now working with top Phoenix HOA management companies, to get bespoke services they need. Here is an overview!
Avoiding unwanted hassles
Like we mentioned, HOA management is a convoluted job and definitely not the most pleasant one. When residents don’t pay the dues on time, the Board in charge of taking action. Residents countering other residents, no matter the reason, is never a good thing for the community. It can strain relationships and make room for chaos. However, when a professional agency is handling all of that, issues can be resolved amicably. These agencies are experienced in managing collections and payments, and they will take action when needed, regardless of other aspects.
Delegating is not losing control
Residents and directors of HOAs often wonder if hiring an agency will dilute their control. When you hire an HOA management company, you are hiring them on contract for specific jobs. Some agencies in Phoenix do everything – from financial management and budgeting, to property maintenance, while others are more focused on one area of operation. Regardless of the contract, homeowners and the Board have the right to take important decisions in an HOA.
Let’s not forget that agencies and HOA management companies have the manpower, experience, and expertise to handle all kinds of challenges. They work with local contractors, vendors, and services from time to time, and their knowledge allows for better management of HOA concerns. Also, these agencies are capable of cutting down on costs, advising on legal matters, and handling in-house issues that can otherwise lead to consequences.
Cost vs. benefits
Is it expensive to hire HOA management companies in Arizona? The answer largely depends on what an agency does for the client. There are companies that handle all operations for the HOA, and they get a better deal. Also, the size of the community determines the cost of professional HOA management. The benefits of such services definitely outweigh the expense-relate concerns, although many people believe that board mistakes are likely to be more expensive.
Outsourcing HOA management is all about getting the work done in a professional and transparent manner.