A homeowners association (HOA) refers to the private governing body in residential communities such as a planned unit development, manufactured home park, or a condominium apartment complex. The main role of HOA is setting and enforcing rules and service provision beneficial to the whole community.
Residents are required to pay monthly fees in order to enjoy the benefits and privileges afforded by these associations. Most HOAs enlist the services of property management companies, such as City Property Management Company in Phoenix, AZ. A HOA should evaluate carefully a property management company to ensure that residents receive the best services before hiring it.
The responsibilities of a HOA and daily operations might prove overwhelming sometimes. That is why they need to enlist the services of a property management company. However, they should do an evaluation of different companies before choosing one. Poor management can create huge problems for the HOA. Furthermore, home owners have a bigger say when it comes to the decisions and actions of the HOA in the community.Read More »