Running an association can be a rewarding experience, but also tiresome with all the tasks that need to be accomplished to keep everything running smoothly. Hiring a community manager can not only alleviate some of these responsibilities, but also save you money along the way.
There are many different ways a community manager can save your association money, but here are a list of a few opportunities:
Community managers not only manage day-to-day maintenance requests that may arise, but they also can offer recommendations for licensed contractors and tradesmen to handle more complicated jobs. Since most community management companies have been around for a long time and have built partnerships with different contractors, they can negotiate to get jobs done within budget.
Payments and Financial
Managing finances and collecting dues can be complicated and time consuming if someone on your board doesn’t have experience doing so. Hiring a professional can ease this headache and provide the board more time to focus on other things. Community managers make it easy to collect assessments in a timely manner, and can offer financial reporting services as well.
Building out online softwares from scratch can be extremely expensive. Luckily, property management companies already have these softwares at their disposal. The benefit of having such technology is that it makes it easier for clients to collect payments and access financial reporting, banking automation, document storage, maintenance request management, and customer service.
The health and wellbeing of your association relies on good budgeting, which can be achieved with the help of a professional community manager. Community managers can bring the tools and the expertise to ensure smarter budgeting and reporting.
Although association meetings aren’t costly to hold, having a community manager present to keep things on track can offer immense value to the meeting. They can guide you through opportunities to save money, protect assets, enforce the rules of the association, and make sure everyone is on the same page.
Let us do the work for you.
Running an association is a thankless job. Leave it to us to keep things running smoothly: