Over 16% of New Jersey's homes are located in an HOA.
If you own one of these homes, you might be wondering why you're not getting enough out of your association. The success of any New Jersey HOA hinges on the quality of leadership that the HOA board of directors provides.
Sadly, many of these volunteers are ill-equipped and inexperienced at running a community. When this is the case, the best thing to do is to hire a community association manager.
In today's post, we'll examine the main roles and responsibilities of an HOA manager. Keep reading and you'll see how quality management can turn your community around in 2024.
Accounting Duties
No HOA member should ever wonder where their HOA dues are going. One of the chief responsibilities of an HOA board is to have a treasurer who collects fees and manages the money coming in. If your treasurer doesn't have accounting experience, a lot can go wrong.
In the worst scenario, you could see property values drop and HOA dues rise, which is bad for everyone. An HOA management service has experienced accountants on staff to take care of bookkeeping and create an HOA budget that keeps your community in good financial standing.
Maintenance of Common Areas
HOA maintenance is essential for the safety and appearance of your community. A well-maintained community doesn't just make for happy HOA members, but it also makes the community more desirable for buyers. This is what drives property values.
Vendor coordination is crucial for ongoing community maintenance. You need to create contracts and schedules with local vendors to ensure important maintenance is done regularly. Dropping the ball in this regard will send your community into disrepair.
A good management company comes with existing vendor relationships. Anything your community needs, whether it's garbage pickup or snow removal, a quality local vendor is a call away.
Governance and Compliance
All communities are governed by a set of HOA policies that all homeowners must live by. Part of the HOA administration has to do with ensuring that rule breakers are dealt with so that there's widespread compliance with governing documents.
This is particularly difficult for an HOA board, who are volunteer homeowners. It can create an uncomfortable power dynamic in the community when homeowners are issuing penalties to one another.
An HOA management service has no issue with governing communities. They'll hand out penalties to keep bad actors in line and mediate conflicts between homeowners to bring more harmony to the association.
Getting the Best Community Association Manager in Monroe
These are some of the key responsibilities of a community association manager. When you have a great team working behind the scenes to support your HOA board, you'll see an immediate improvement in the mood and professionalism in your community.
To get the best HOA management in Monroe, PMI Turn Key NJ is the only choice. We offer comprehensive HOA management services, including everything discussed here. Contact us today to learn more about how we can help your community thrive.
