Data from the Foundation for Community Association Research (FCAR) shows that there were 365,000 HOA communities in the US in 2023, and this may have reached as many as 370,000 by the end of 2024. However, not all of these HOAs are operating smoothly.
Many HOA boards struggle with all of their responsibilities. One of the best solutions available to them is to hire an HOA community management company.
But what, exactly, does an HOA manager offer and how can they help your Fort Myers, FL, community? Keep reading to find out.
Common Area Maintenance
One of the key HOA benefits that attracts home buyers is common areas. These are facilities that are free for residents to use and often include areas like:
- Parks
- Swimming pools
- Gyms
- Clubhouses
While residents need to stay on top of their own property maintenance, the common areas fall to the HOA board. An HOA manager can take on this responsibility instead.
They often have plenty of experience with organizing and overseeing maintenance, so they know exactly how to proceed here. Many HOA management companies also have extensive networks of contractors. As such, they can always find a reliable company to carry out work, and may even be able to secure better deals for some services.
Administrative Duties
Among the various HOA responsibilities, administrative duties are among the most time-consuming. While they're typically not too difficult, the HOA board can get caught up with these and they may not have enough time to focus on other tasks.
An HOA manager can take care of these instead. Some common examples of these tasks include:
- Planning community events
- Scheduling HOA meetings
- Answering calls and responding to messages
- Maintaining records
HOA managers have the experience to handle these tasks very efficiently. The HOA board will then have more time to focus on their other responsibilities.
Financial Management
While some HOA responsibilities are fairly straightforward, others are not. Managing community finances can be incredibly difficult, and most HOA boards don't have any members with relevant experience.
HOA managers have the training to deal with finances correctly ensuring everything is in order and errors are kept to a minimum. Some typical financial duties include:
- Collecting HOA fees
- Creating budgets
- Maintaining financial records
Hiring an HOA manager to oversee these is often the best approach. They're far less likely to make common mistakes that could cost the community money.
In some cases, they can even identify ways in which community funds can be used more efficiently. This can result in savings which can then be used to help support the community.
Working With an HOA Manager
There are various benefits to hiring an HOA manager. Overall, they can help ensure things run smoothly by supporting the HOA board and guiding them when they need it.
MyTown Communities is a professional HOA management company serving communities throughout Fort Myers, FL. Our experienced team uses their extensive training alongside advanced HOA management software to provide the best results. We work to maintain smooth operations, enhance property values, and foster a sense of community.
Check out our services page for more information.