Whether you are a community developer or a board member of an HOA, you know that managing a community is hard work. Community management is complex regardless of the size of the community, but it often becomes more difficult as the size of the community increases. Large-scale communities may need management more than smaller communities because they have more needs and a heavier workload.
If your large-scale community needs help in legal, financial, or administrative areas, then a community management company could be what your community needs. Many management companies offer varying service levels depending on your community’s circumstances.
There are many ways that a large-scale community could benefit from management. Here are just a few ways:
Increased Efficiency in Overall Management and Administrative Duties
HOA board members are generally unpaid volunteers, which can lead to board members needing more time to dedicate to the community. This lack of time can be especially problematic in a larger community. Management companies can commit the time and resources necessary to your community’s success.
Community management can also improve administrative responsibilities. A management company is often more efficient and can finish tasks in less time. Community management companies also have plenty of experience with these specific tasks and know how to do them correctly.
Management can also help manage vendors, assist with maintenance, and aid in dispute resolution among community board members. Experienced people handling administrative duties can lead to a smoothly running community with happier homeowners.
Legal Experience
Not knowing the laws in your state or the community’s specific governing documents can leave you vulnerable to legal trouble. For some board members, it may be overwhelming to constantly keep up with changing policies and state-specific laws.
A proper community management company can help legally protect you by making sure that your community, as well as homeowners within the community, are being compliant with local regulations. Many will also keep auditable records, so if a problem does arise, they have documents to defend the community.
Financial Management
Large communities have a lot of financial responsibility. Financial transactions need to be recorded, budgets have to be determined and adhered to, and HOA dues must be collected. Without an accountant or somebody who is very comfortable with managing large amounts of money, this can be challenging.
Community management companies generally have accountants that are qualified to handle such tasks. Not only will this save other board members from a headache, but it may save your community money.
The financial needs of a community can vary significantly based on many factors, size being one of them. Financial aspects like billing and cost-sharing can be more complicated in a large-scale community. A competent management company can manage these financial matters to meet the community’s economic potential.
Improved Community Experience
Community management can also improve the homeowners’ experience with their community by taking care of the community’s maintenance and amenities. It is harder to stay on top of upkeep in larger areas because there is more to do. Without dedicated people to finish tasks, jobs could fall through the cracks, harming your community’s well-being.
Management can also help large-scale communities succeed by enforcing its rules. The management company could run inspections to guarantee that the community’s guidelines are being followed. They could also offer meaningful advice to board members on further improving the community.
Experience With Project Management
Project management can be difficult to manage in any sized community. It can be even more challenging when projects are being coordinated between multiple management companies and associations, which is often the case with larger communities. Under the management of a skilled company, the community can avoid project delays. This can improve the homeowner’s experience and help maintain a positive relationship with neighboring communities as well.
Choosing a Community Management Company
There can be many benefits to partnering with a community management company, but be sure to choose a company that will meet your needs. Before deciding on a management company, consider what your community is lacking, or where it could use extra help. The requirements for a large-scale community may differ from those of a smaller community, so having experienced management that knows how to oversee large-scale communities can make all the difference. If you have been considering it, reach out to a community management company today.