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Home Finance

Using Top HOA Management Software

Umar Tazeer by Umar Tazeer
November 29, 2022
in Finance
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Based on the latest figures, homeowner’s associations govern more than 350,000 communities across the United States. By that count, more than half of Americans live in communities with HOAs. These organizations cover a range of factors that affect their communities, including developing rules and regulations for members to live by. They often ensure uniformity of color themes, fencing styles and materials, and exterior decor, among many other elements. The associations also collect member fees and disperse them as needed.

Helping HOAs Achieve Their Intended Goals

HOA board members take on an array of responsibilities. While all HOAs set goals and make efforts to fulfill them, many ultimately fall short of their intentions. In many cases, disorganization, a lack of communication, and mismanagement are the issues that become their downfall. Fortunately, top hoa management software can help eliminate those problems and many others. Along the way, HOA board members should keep certain points in mind.

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Maintain Balance

Goals set by HOAs and the covenants they put in place to achieve them should be designed to improve the community being governed. Law and order are crucial, but the needs of community members must be kept in mind as well. Bylaws need to be reasonable. It has often been said that no rule is absolute. Exceptions and extenuating circumstances are bound to come into play. It’s important to keep a balance between firmness and fairness when upholding the bylaws of the HOA.

Listen to Community Members

Far too often, HOA board members essentially let their authority go to their heads. As a result, the HOAs become dictatorships rather than a democracy. Community members’ needs go ignored and their voices unheard. It’s vital that HOA boards listen to members of their communities rather than simply reigning over them. That helps to promote trust and cooperation in the community.

Keep Transparency in Mind

It’s also important for HOAs to maintain a level of transparency. That applies to internal situations and external matters. They must keep community members up to date on changes in bylaws, appropriation of funds, and other aspects that affect the entire community. Honesty falls into this category as well. HOA boards that aren’t completely honest and upfront with community members tend to have negative impacts on their communities.

Work for the Greater Good

Additionally, HOAs need to work for the greater good of their communities. Everyone in the community should be treated equally. Covenants and how they’re upheld should reflect that fairness and equality. HOA board members can’t be laxer with their friends and relatives within the community than they are with other neighbors. It’s important to avoid bias and favoritism when running an HOA. Actions and funds must be used for the greater good of the community rather than only board members as well.

Supporting the Community via a Successful HOA

All the factors mentioned above can help determine the success of an HOA. They come together to ensure the HOA works for the betterment of the community and fulfills its overall responsibilities. Software designed for HOAs can help achieve those goals. Though the human element will remain essential, technology can certainly play a significant role in the success of an HOA.

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