There are currently an estimated 325,203 homeowners associations located in the United States, counting millions of property owners among their members. For example, in 2012, an estimated 25.9 million homeowners were members of a HOA, equating around 63.4 individuals. These associations are a famed method of residential property management, ensuring that residents share neighborhood values and give them the opportunity to decrease their ownership responsibility. This service is usually maintained by requiring homeowners to pay a share of common expenses, usually per-unit or based on square footage. However, in some cases, it can be difficult for a homeowner’s association to manage itself, requiring that the organization hire HOA management services to ensure that the neighborhood in question run smoothly.
Homeowners associations originated in the United States in the mid-19th century and began growing in popularity in 1964, but in spite of this history, it isn’t always clear how they should operate. Additionally, property management services typically require a great deal of research and experience in order to find the best solutions for the neighborhood and keep track of the various responsibilities that have shifted from the homeowner to the homeowner’s association. For this reason, homeowners association property management services have grown extremely popular, with the American homeowners association industry employing an estimated 901,726 people in this capacity.
HOA management services simplify the process of running a homeowners association while helping a community retain the benefits of one. Thanks to a property manager’s HOA management solutions, a neighborhood can ensure that property values remain consistent and that the area will be carefully maintained. These services can be extremely beneficial to individual homeowners, neighborhood groups, landlords, and more. If you currently have a homeowners association operating in your neighborhood or are considering forming one, don’t let it be managed by people who have no experience with property management: instead, hire professional HOA management services to help your community become the best it can be.