The goal of an HOA property manager should be to maintain the current value and improve upon the value of the homes in the HOA area. Not all HOA property management companies provide the same services, so it’s important to choose the best company for the job.
Despite entrance gates, security patrols and neighborhood watch groups, community associations are not immune to crime. As the slow economy leads to layoffs and tightened personal budgets, desperate people may break the law. Perhaps now may be the best time for an association to review its safety and the steps it can take to help prevent crime.
“I think we’ll see an increase in crime with the number of homes that are vacant due to foreclosure,” says Melinda Johnson, CMCA a senior property manager. ” With banks posting notices of ownership…, criminals may begin to look for the right opportunity.”
News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network