Why Hiring a Community Management Company for Your HOA Will Save You Time & Money?

Managing your HOA can be a strain on your time and money. There are seemingly infinite tasks associated with running a community. It takes money to perform all of these tasks as well. Because most HOA boards are run by volunteers, it can be hard to find the time to get everything done efficiently. 

Hiring a Community Management Company can solve all of your problems. Plus, they can save you time and money as well. Keep reading to find out why. 

Why Hire a Community Management Company? 

Hiring a community management company can be one of the most important things you do for your HOA. The right community management company will be made up of professionals with years of experience. That expertise helps provide your HOA with the following benefits, all of which will save your board both time and money. 

1.Financial help. 

Because money is such an important commodity for HOAs, let’s begin by discussing the financial help a community management company can provide. At AMG Association Management Group, for example, we offer a wide variety of fiscal services. These include bookkeeping and accounting, fee collection, association banking, and association taxes. 

All of the financial services offered by community management companies can be time-consuming and hard for non-specialists to complete. Unless you have an accountant with lots of time on your HOA board, it is best to bring in the professionals. Not only will they take care of these essential tasks, but they will also save you money in the long run. When everything is done correctly the first time, you will not have to pay fines or multiple fees. Plus, having a third party enforcing dues and other financial transactions for the community can solve many conflicts. 

2.Facility and community upkeep. 

Another big part of running an HOA involves community and facility upkeep. Depending on the type of community your HOA governs, there may be a lot of common spaces that need to be kept clean and in good repair. The better your common spaces are, the more appeal your community will have, which keeps your resident turn-over rate low. 

Facility services require working with vendors. A good community management company will have existing relationships with the best vendors. They can handle these relationships and ensure the work is done properly. When high-quality work is done the first time, your HOA will not have to spend more money on repairs or replacements. 

Residents of the Carolinas should consider AMG for their community management needs. We have physical offices in Greensboro, Winston-Salem, Charlotte, and Raleigh/Durham, NC, and Greenville and Aiken, SC. That means we are your local Carolina source for community management. Don’t gamble on an impersonal national company. With AMG you get a company with lots of resources and community-focused priorities. 

Our experts have experience running a wide range of communities. From condominiums to townhomes, life style communities, lake management, and common interest offices we can manage it all. It doesn’t matter what your HOA manages, you will love working with AMG. 

Contact us today to receive more information or a quote.