According to a report from Queen City News, North Carolina ranks ninth in the nation for the highest percentage of HOAs. Unfortunately, that leaves some members wondering if the fees are worth it.
Are you dealing with discontent in your HOA? Does your board not seem to have the time or resources to maximize the use of your budget? It may be time to hire an association property manager.
How can association property management services boost your community leadership? Read on to find out.
Professional Accounting for Better Budget Use
Your HOA budget should play an integral role in community development. You should be able to use your budget to:
- Maintain community amenities (e.g., the pool or clubhouse)
- Beautify common areas (e.g., parks and walking paths)
- Build a reserve fund for large expenses and emergencies
Poor accounting can lead to budgetary mismanagement. While an HOA property manager won't force you to use your budget in any specific way, they will help you manage dues and prepare reports to show how to make that money work in everyone's favor.
Legal Expertise for Constant Compliance
In the state of North Carolina, any HOA founded after January 1, 1999, falls under state laws. More specifically, you need to make sure your HOA complies with the North Carolina Planned Community Act.
An association property manager brings expert familiarity with this act and how it affects your rights as an HOA board. They'll ensure that the way you govern your HOA always complies with the law to prevent legal problems and fines.
Member Communication for Increased Participation
Do you want a stronger neighborhood with more connections and mutual support? If so, you need to put more emphasis on member communication. This includes:
- Informing members of any changes in your governing bylaws
- Encouraging meeting participation
- Accepting feedback with grace
- Practicing equal enforcement
Community association management can help repair broken lines of communication and put systems in place that make it easy to connect with all your members.
Technological Support for Modern Leadership
We live in an increasingly digital age, and it's time for HOAs to get on board. When you hire an association manager through PMI, you gain instant access to our online portal, which provides:
- Easy ways to pay dues
- Streamlined channels of communication
- Access to community data
An online portal can transform the way you do everything from communicating to keeping track of important records. As a modern HOA, you deserve technology that supports your improvements without sacrificing the human touch.
Boost Your Charlotte HOA with an Association Property Manager
As the number of HOAs in Charlotte grows, it's time to get serious about community leadership. If you feel that your HOA board has room for improvement, it may be time to call in an association property manager.
At PMI Queen City, our association managers don't divide their energy between HOAs and rental properties. Instead, we are 100% committed to improving HOAs 24/7/365. Contact us to learn more about how we've taken nationally tested services and tailored them to the unique needs of Charlotte HOAs.
