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 »