MicroHOA | Financial Management for Small HOAs

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For owners only: HOA management: What’s in it for me?  

Access, convenience, protection, and responsiveness for every homeowner.  

It’s important to many homeowners to keep HOA fees as low as possible.  Self-management is one way to do that.  Since a professional manager may seem like a benefit to the volunteer board members, but a burden to the owners, let’s look at the powerful services that a professional manager brings for HOA owners too.

Access to information about your primary asset.   You have online access to your bank or investment accounts.  Do you have the same access to your HOA account, community records, and documents that you’ll need to sell or refinance your home? Or to find out what’s going on in your community?  Professional management support can provide the kind of access that people are used to now, with an HOA portal for all community needs.

Convenience: Online account and payment access. These days, isn’t just nice to have – it’s a must.  For owners, an HOA portal, provided and maintained by a manager, is an easy way to pay dues, access account records, and pull information all in one place, at any time.

Record keeping: Many self-managed communities have records on a board member’s computer, or even in a file box.  How easy is it for you to get access to records that way? A secure document portal makes it simpler for residents and owners to view or download important documents, meeting minutes, and financials, whenever you need it.

Responsive escrow and lending reporting:  When you’re selling or refinancing your home, your HOA board must provide reporting on the community and finances.  And lenders want the information fast. Owners get frustrated when board members are inaccessible or hard to reach…but board members may not be available when an owner needs something on a deadline.  Professional managers are ready to deliver this information quickly—so your transaction stays on track.

Financial protection:  If anything happens to the association bank account, the owners are responsible for additional assessments to replace HOA funds.  The contributions you have made as an owner are safer when financials are handled by a professional HOA manager.

Continuity:   HOA board members come and go.  Owners do too.  If board volunteers leave, where are all the HOA records kept?   How is critical information like banking access transitioned?  When owners support professional management, their needs won’t be affected by changes on the board.  The manager will keep community business going during changes at your HOA.

Compliance without conflict:  No one relishes conflict with their neighbors.  But homeowners associations have rules, regulations, and laws that all community members must comply with. An HOA management company will help with communication in the community, and reduce conflict between neighbors, by providing impartial third party communication.

How to solve it at a low cost

The community runs responsibly and legally for all members, when the whole community contributes a little.  Professional management at a reasonable cost for your community brings critical support to the association---and has a lot of benefits to the owners too.

MicroHOA is the management solution for small HOAs.  Talk to us about how we can make this work for you and your community.