What Does a Homeowners Association Do for Communities?
People have different ideas about homeowner associations. Sometimes, they get a bad reputation because of their role in enforcing community guidelines and standards.
With the right property management company, you can be sure your HOA is supported, respected, and understood. Community Property Management can help you communicate with your residents, partners, and leadership about what you do and how you help.
Your Role as a Homeowner Association
A community Association serves as the governing body within a common-interest community, which may be a neighborhood or a building. Every HOA is managed and funded by residents. A board of directors is typically responsible for holding meetings, managing budgets, and enforcing dues, fees, rules, and regulations. Board members are volunteers.
You want your HOA to demonstrate functionality, a sense of community, and authority.
With the right presence, HOAs can achieve a number of things, including:
Increasing property values for homeowners in the community.
Ensuring the community is attractive, clean, and safe.
Creating community spirit and cooperation.
HOA Fees and Regulations
When residents complain about their HOA, it’s usually a complaint that centers around the fees that are charged or the rules that are perceived as too strict. It’s important that you know how to communicate with your residents and potential buyers so everyone understands the responsibilities and expectations of living in your community. Our team at Community Property Management is especially good at this.
Dues or HOA fees are collected monthly, quarterly, or annually, depending on how you have your collection methods and accounting set up. Your job is to help residents understand what these fees cover and why they’re necessary. Usually, they pay for:
Maintenance and cleaning of common areas.
Landscaping.
Security.
Lighting, sidewalks, and streets.
Elevators, pools, fitness centers, clubhouses, and other amenities.
Fees range from under $225 per month to more than $1,000 per month, depending on where your HOA is located and what type of community you’re managing.
A majority of HOAs are underfunded, even when they’re able to successfully collect their dues and fees. This is where a professional association management company can help. Find out how we keep your finances in order and your dues collected at Community Property Management.
More Information About Our Service Areas
CPM was started in 1985 with the idea that community management should be accessible, transparent, ethical, and proactive. With this simple business plan in place CPM has expanded to serve a variety of communities (to include, Condominium, Villa, Single-Family Homes (HOA), Town-home, Mid-Rise, and other styles of Multi-Family communities) and extended our service area to the entire Greater St. Louis Missouri and Illinois Metropolitan area including Missouri’s St. Louis, St. Charles, Jefferson, and Franklin Counties; and the Illinois counties of Madison, Monroe, St. Clair and Jersey.
St. Louis County Missouri
St. Charles County, Missouri
Jefferson County, Missouri
Monroe County, Illinois
St. Clair County, Illinois
Franklin County
Madison County
Jersey County
PROMPT REPAIRS
The wind storm we had last week blew off the gutter on the side of my house from the roof down to the ground. I reported it in the afternoon and the next morning it was repaired. Thank you for your promptness and taking care of this matter.
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Want to Learn More?
If we can be of help or you’d like to learn more about what it’s like to work with Community Property Management, get in touch. We’d be happy to assist you or explain the differences CPM can make for your community through our proven systems and services.
Community Property Management
242 Old Sulphur Spring Road St. Louis, MO 63021
(636) 227-8688 | (618) 420-6899
customerservice@cpmgateway.com