Homeowner association management involves management of a large number of households. An association of home owners is usually an elected body headed by a board of directors or any other board who actually looks after the job of management on behalf of all the members. But these people are no professional managers of properties. So they are not always competent enough to look after all the details that go into a successful management of an association.
A homeowners association is formed with a specific purpose, which is to take care of the individual homes which form parts of the total community. It is well known that in our world today, living individually as an island is not possible. There are various problems that can be best solved as a team than as an individual. These problems often deal with laws and regulations of the local bodies. When some law or regulation seems to be not in favor of the house owners an individuals protest does not get heard at all. But if the same protest is made by an association, it gets heard and when the same protest is made by a number of associations, then it gets revoked. So there is always strength in numbers.
But numbers bring in number of problems. All the people do not have the same mentality and there are bound to be some problems arising out of such matters. The greatest problem that an association faces is the responsibility to take up maintenance jobs. Everyone tries to find another person to do the job, and he finds another. So it is better to appoint a homeowner association management agency to look after all the jobs related to management of the units within the association.
Usually the homeowner association management companies look after all the jobs related to day to day management of the units from changing the light bulbs to looking after the tax matters of the association. These companies look after matters like appointing people for the minor repairs that are needed almost every day, taking care of the garbage removal, maintenance of common areas including pathways and gardens and collecting the association fees. These agencies also carry out periodic inspections and suggest any major repairs that need to be undertaken. They not only stop at suggesting but also look after the next processes like inviting the tenders, evaluating them and also help in negotiating the best deals with the contractors. Then they supervise the work and give a regular progress report on the work.
Homeowner association management involves lots of paper work and accounting. The agencies also provide secretarial and accounting services to the societies. They produce monthly reports on the financial conditions of the association to the directors and also suggest ways to improve the financial health. They take care of the various taxes and tax deadlines that an association needs to adhere to. Most importantly, these agencies have expert legal personnel on there roll to assist the associations if the need arise. They take care of everything from drafting the petition to making the appearances on behalf of the association.
Finally, it cannot be left untold that most often the homeowner association management companies run a 24 hour helpline to register complaints and requests and promptly take care of them. So by appointing such an agency, an association can sleep comfortably.
Onyx Management Group has been professionally managing homeowner associations since 1994. We strive to provide the most professional, accurate and efficient property management services available. Onyx Management Group has a company wide commitment to maximizing long term appreciation for our owners, while maintaining quality of life that is appreciated by all owners.
Whether you are looking for a company to fill your property management or accounting needs for your Home Owners Association in Philadelphia, Bucks County or Montgomery County areas, give Onyx Management Group a call. Thanks for visiting this online residential and commercial real estate property management source.