There are over 100 community associations spread across Miami Beach, representing both condo and single-family homeowners. These associations can make a big difference in the desirability of your community-if they're reaching their full potential.
Oftentimes, members of the community make up the community or HOA board. These community members may have other jobs and priorities that take up most of their time.
Community association managers are outside professionals that can maximize the success of your community association. The question is, how do you find the right one?
Read on to learn what to look for in a community association manager.
Whether you're starting a new COA or revamping an existing one, it's important to work with someone who knows the area. A local community association manager is familiar with the local market and the best target value your for neighborhood properties. They are also on top of any current or changing laws that dictate what HOAs and COAs can and can't do, ensuring legal compliance.
An HOA board is only as strong as its financial standing, and that starts with setting and collecting community dues. A strong community association manager can streamline due collection and stay on top of financial reporting. They can also review any HOA tax payments and put together future projections.
A community association is expected to:
- Enforce community rules and regulations
- Secure vendors for maintenance
- Keep shared spaces (i.e., parks and pools) well-maintained
Community association management should be able to take care of these tasks for you. They should also have access to high-quality local vendors, often at a discounted price.
Even with an elected board, community members still deserve a say in what their community association is responsible for. However, trying to stay on top of communication isn't always easy, especially with other priorities and limited online resources. A good community association manager can streamline communication and ensure that rules are enforced consistently and that members' voices are heard.
Not all community associations need management for every task. The best management company will offer services including:
- Accounting and reporting
- Vendor management
- Inspections and enforcement
- Project management
You should be able to customize a management plan using only the services you need. At PMI, we make it easy to fill in the gaps with our services when you're not looking for full-service management.
Call PMI for Miami Community Association Managers
Community associations are popular with Miami condo owners and homeowners alike. When your COA is operating to the best of its ability, you can see serious improvements to your community and property value. In some cases, the best way to get there is to partner with community association managers.
PMI is proud to provide property and community association management to the owners and investors in Miami. Contact us to learn more about how we can help.