Homeowners associations are built to facilitate thriving communities. The most in-demand HOAs prioritize management. A great manager ensures residents' needs are met, the landscaping maintains the integrity of the community, and more.
The HOA industry recently found a shortage of managers, creating room for innovative candidates to step up to the plate. This point speaks to the importance of following trends in the HOA industry. Managers must understand the latest technologies and strategies for community success.
Discover and apply these trends in community association management.
Prepare for Demand
Now is the perfect time for investors to start developing HOA communities from scratch. New homeowners, especially, are looking for community-centered homeownership. Work with real estate developers to find the right balance of residential architecture, landscaping, and utility design to create a welcoming atmosphere.
Hire a community manager before opening your HOA to applications. This move will facilitate the formation of HOA boards quickly. A well-managed board should inspire leadership among homeowners.
Make the application process even easier by launching an HOA website well in advance. Applicants can apply online and view eligibility requirements.
Integrate HOA Dashboards Early
HOAs must start investing in online experiences.
Digital management solutions do the following:
- Streamline communication
- Facilitate maintenance requests quickly
- Access important documents
- Help residents pay dues
Community managers also need digital platforms to track HOA violations, receive payments, craft budgets, and share documents.
Prioritize Cybersecurity
Never underestimate the importance of cyber threats. Attention to cybersecurity must work in tandem with dashboard integration. This is crucial when processing credit card payments for HOA dues.
More community managers are outsourcing these operations to companies that specialize in HOA IT. A breach in digital security can break the trust of HOA homeowners.
HOA Managers must update HOA software as new tools hit the market. It's highly recommended for community managers to attend HOA trade shows and conferences to learn about the latest digital solutions and strategies.
Weather Damage Control
Are you developing an HOA in a high-risk weather area?
You can launch your development without a weather preparedness strategy.
First, you'll need an emergency response system for residents and managers. This includes 24/7 phone numbers, online messaging, and emergency HOA board meetings.
HOA homes must also be built to withstand everything from hurricanes to snow storms.
The best way to start is to identify emergency threats before they happen. This way, you'll have a flood prevention system installed well in advance. You also need disaster relief plans that help residents evacuate as needed.
Your HOA must be able to repair weather damage quickly to maintain trust and avoid homeowner turnover.
Community Association Management Should Keep Turnover Low
Property marketing is an expense you can avoid if you keep turnover rates low.
There are many ways to avoid turnover.
The best strategies prioritize communication, attention to property maintenance, and homeowner incentives. Give loyal residents free kitchen upgrades as a thank-you for their long-term commitment.
The above strategies reinforce the family-oriented atmosphere of your community.
Build a Better Management Solution
Don't keep your HOA stuck in the past. Follow these trends to build a strong community association management team. Prioritize everything from cybersecurity to disaster preparedness to ensure trust in your community.
We want to help you grow a happier, healthier community. Browse our association management services or contact us today to speak to us directly.
