Arizona has a bunch of amazing communities and homeowner’s associations, which are managed in the most professional manner. While some HOAs are still managed by residents, who double up as board members, others have professional Phoenix HOA management companies working in an outsourced manner. There is no denying that HOA management can be complicated and time-consuming, and while board members can have some experience, they don’t have the time to be completely involved in day-to-day management of the association. No wonder, outsourcing is almost a norm now in Arizona for the majority of homeowner’s associations.
Taking tough calls and decisions
One of the key reasons why many HOAs prefer to have a professional service is to take the tough decisions. From the uncomfortable conversations that might be necessary with neighbors, to collection of dues from residents and managing contractors and vendors, every aspect needs as much attention. Board members, being residents, cannot always take a tough stand on certain matters. With an HOA management company, board members don’t have to be at the receiving end or take decisions that may create personal conflict and chaos.
Better financial management
Most HOAs have a considerable amount of funds, which must be directed in the right direction. With an HOA management company, finances can be handled better. These companies have the expertise and a good team, which come in handy for collecting dues, contacting vendors, negotiating terms, and reducing the expenses of the community, without any compromises. They can also handle bookkeeping and accounts, so that audits and generating reports can be done without delays.
HOAs are often governed by regulations and compliance requirements, and it may be hard for board members to understand legal matters. With a professional HOA management company at work, legal expertise is easily accessible. If there is a need to call an attorney for further advice, the same company can help in getting assistance.
Insurance, vendors and more
Another big reason to hire an HOA management company is to get advice on insurance. For instance, HOAs need to have property insurance, workers’ compensation insurance, and other kinds of insurance. HOA management services are experienced in these aspects and can guide on better community living. They can also work with vendors and contractors in a more personal way, considering that they know the local area and use the same list for other communities too.
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