Why should an HOA hire a property management company?

First, what is an HOA? Briefly, a homeowners association or HOA is a non-profit organization established (usually by the developer and then passed on to the homeowners) to oversee the management of a particular residential community. An HOA covers condo units, single or multi-family homes, townhomes, and other residential property. The HOA is primarily responsible for the following: Ensure that the community/neighborhood maintains a certain standard to make it up to par with other premier communities in the state and across America Reasonable fees are imposed on the homeowners, and dutifully collected on the agreed schedule Maintain peace and order... Read more »

Top 4 Pros of Living in an HOA Community

In the United States, the rise in popularity of homeowner associations means an increasing number of Americans make their homes within such communities. As an organization formed by a property developer, the homeowner association, or HOA, is extremely useful in that it helps said developer in the managing, marketing, and selling of homes. However, HOAs provide a number of benefits to homeowners, as well, so much so that many actively seek to purchase homes that are members of such organizations. Below, we list the top 4 pros of living in an HOA community. 1. Amenities An HOA will provide homeowners... Read more »

Top 5 General HOA Rules

In an HOA-managed community, there are certain rules that need to be followed, and usually, these are strictly implemented, which means you could either get sanctioned or fined/penalized, or worse, kicked out. HOA Rules What are some HOA rules? Here are the most common or what are generally included in the Homeowners Association Covenants, Conditions & Restrictions (CC&Rs): 1. Fees This is one of the first things that will catch your eye when going over your contract to buy or rent a property within an HOA-managed community. Fees are collected from every homeowner on a predetermined schedule (monthly, quarterly, annually... Read more »

7 Frequently Asked Questions About HOAs

In the United States, more and more homes are becoming members of homeowner associations (HOAs). HOAs ensure the maintenance of shared spaces in neighborhoods, as well as provide amenities such as health clubs, parks, swimming pools, child playrooms, and more. As not everyone understands what an HOA is, however, we’ll be answering 7 of the most frequently asked questions about HOAs in today’s article. 1. What is an HOA? In real estate development, the property developer sets up a non-profit organization known as an HOA for marketing and selling homes in a residential area, as well as developing and managing... Read more »

4 Ways HOA Management Is Evolving

In real estate development, the property developer establishes a corporation known as a homeowner association (HOA) for managing, marketing, and selling lots and homes. To fulfill their many duties in an efficient manner, associations often enlist the services of HOA managers. Over the years, HOA management has grown into an expansive industry that constantly finds itself adopting new techniques to meet new challenges as they crop up. For this reason, the industry has steadily evolved with the times. In today’s article, we’ll be examining the 4 major ways HOA management is evolving. 1. Flexible and creative problem-solving HOAs often must... Read more »