What Is Your HOAs Involvement Like?


Do you manage real estate properties with HOAs? Is communication with your residents something that is common for you? As 2019 begins, HOA board members should consider offering feedback on how the HOS can improve the community and make it a great place to live.

Responsibility

Tenants should take responsibility for abiding by the CC&Rs and staying current on their HOA fees. Violations of the rules or failure to pay the HOA fees/dues is not a win for anyone. HOA boards have a lot of power over the property owners.

Sharing

Tenants should have the ability to express their ideas, suggestions and their concerns in order to help improve the community and build lasting relationships. Residents are important in sharing the thoughts of the community. They should be included in the regular board meetings.

Building Relationships

Tenants should make an effort in participating in any events, social or cultural activities in the community. This gives them the opportunity to meet their neighbors, build relationships and enjoy some good fellowship.

Involvement

Property managers should encourage their tenants to attend regular homeowner’s association meetings. HOA board members should also always be on the lookout for potential board members and residents interested in participating in the Association’s governing process as HOA board members.

Do Away With Small Groups

Tenants in the community, should welcome new and old residents. Tenants along with property managers, should making property owners and renters feel like they are part of the community.

Pride In The Community

You want residents to be proud of their community. This will result in happy tenants and provide a higher occupancy rate because happy tenants tell their friends and family members who may be looking for a place to live. Referrals are one way to fill vacancies with virtually $0 capital. You want tenants to speak positively about their community including the HOA.

As the property management company (or you, if you are a landlord), it is your responsibility. It should be your goal to foster comradery and provide the opportunity for relationships to start and grow.

Communication is one of the most important aspects of happy tenants. Whether you are a property manager, landlord or HOA board member, you should take every opportunity to improve the satisfaction of all the residents.

About PropertyZar

PropertyZar is a real estate technology company specifically in the web-based property management software for owners and professional property managers. Read more Top Property Management Blogs. Learn more www.PropertyZar.com

Comments

Post a Comment

Popular posts from this blog

These Advancements Are Bringing Real Estate Into The Modern Era

Image
  Many industries throughout the marketplace have changed their practices in response to developments in technology, but real estate, including property management is still largely stuck in the past. On-demand app development is making access to services easier than. Artificial intelligence and the Internet of Things are connecting us in new ways every day. It’s clear that taking advantage of these developments is key to progressing. As an industry with roughly $280 trillion in value , taking advantage of these new opportunities could produce billions or trillions in profits. A number of large real estate companies are attempting to build their own in-house technology, but in many cases, it would be more efficient for them as well as and property management companies to use existing solutions. These are some of the most exciting possibilities that new developments in technology can offer the real estate industry. Outsourcing the Cloud Cloud services is a rapidl...
Read more

How Propertyzar Compares To Appfolio, Buildium And Others

Image
Evaluating the right property management software can sometimes seem overwhelming. With so many options, how do you decide? The BIG Picture – It is important that you consider your business strategy when searching for a property management software. Whether you inherited a few rental properties, a real estate investor with multiple properties or a professional property manager looking to increase your portfolio of rental property owners. When you choose a software solution, there is time and effort involved for you to get “up and running” . You don’t want to change products because your business has out grown your current software solution. PropertyZar is not a “lite” application but instead is a feature rich solution for property managers and landlords. We are compared to products such as Appfolio, Yardi and Buildium. We do not compare to the smaller or freemium products. What does that mean? A common example is Accounting. While some vendors say they have a...
Read more

Online Property Management Software by PropertyZar

Image
PropertyZar’s cloud-based property management software enables property managers and owners to scale their real estate business. With PropertyZar’s robust application, property managers can market vacancies, run background screening, accept online applications, and maintain all their accounting records by owner and/or property. PropertyZar’s web-based property management software also reduces the amount of work that is required of property managers. Managers or Owners can configure PropertyZar to: Automatically enter late fees Automatically send out owner statements Auto syndicate properties Automated recurring invoices Appointment reminders Automated asset reminders (change filters, maintenance etc.) Automated work order requests Automatically email management fee reports Rent reminders are automatically sent to tenants PropertyZar also comes with PZ Tenant , our mobile app for tenants. Using PZ Tenant, tenants can pay their invoices on...
Read more