Living in a managed-HOA community in Scottsdale has many benefits. As a resident, you are assured of security and maintenance of the premises. Homeowners’ associations are similar to businesses in many ways. The financial and administrative tasks are often the same. For the board members, running an HOA comes with inherent challenges. Many communities are now willing to hire Scottsdale AZ HOA management firms for the job. Is this the right decision for your HOA? We have a quick review below for your help.
Common challenges in HOA management
First things first, it is important to understand that the board members of the HOA are regular people with regular jobs. They have a life and would have to make time to handle the financial and other affairs of the association. That itself is a struggle. Common challenges in HOA management include –
- Trouble enforcing rules and regulations
- Collecting dues and payments from residents who refuse to pay
- Issues in finding vendors and contractors in time
- Staying on the top of accounting needs
- Trouble keeping up with compliance, rules, and regulations applicable to HOAs
- Lack of expertise in legal matters
- Inability to handle day-to-day administrative tasks
Outsourcing is the way to go
There are professional property management firms in Scottsdale that have years of experience in handling HOA matters, and they can counter most of the challenges listed above. A professional HOA management company can help with budgeting, tax planning, property maintenance, vendor relationships, legal matters, and much more. These firms have the expertise to tackle problems as needed, and depending on the size of the community, they may even assign dedicated managers and team members to the site.
Using tech in an efficient manner
HOA management doesn’t have to be about manual work anymore. Many property management companies now rely on apps, all-in-one client portals, and websites to streamline their work. This reduces the scope of errors and automates many tasks. Residents and board members can check the app or portal to get access to the date they need, as per authorization, with no room for hidden mistakes.
If your HOA is being managed by the board, bring up the need for professional property management in the next meeting. As a resident, you can expect your community to work and function better when an experienced team is at work. Check on Google to find top-rated HOA management firms in Scottsdale.