Despite the stories you hear about HOA living, they are a popular growing trend in the United States. With the security offered by homeowners in the community, homeowners need to worry less about the appeal of their neighborhood and the appearance of common areas. That's why 67% of homeowners say they are happy with their HOA.
However, it takes a lot of work to manage an HOA. An owner portal allows managers to make things easier for homeowners and board members. Let's look at some benefits you'll see when using an HOA portal.
Great Communication
One of the best benefits of HOA management portals is seamless communication. Instead of coordinating various communication methods based on a homeowner's preference, HOA management can handle all resident communication in one place.
Residents sign up for a portal and set up their preferences there. Your portal can handle communication management instead of manually sending information.
Document Management
Another feature that makes management simpler is the ease of document management. In normal situations, the HOA board must store documents manually in whatever way they can. Some do this with paper documents in filing cabinets, and others do it in online cloud storage.
HOA portals offer a place to store documents. You can have a central repository for board documents and allow individual residents to download documents relevant to them by logging into the website.
Secure Storage
An overlooked issue some HOA management companies overlook is data security. They leave documents and data in the open, where they are easily accessed. That may lead to unauthorized access and data breaches.
An HOA community manager can offer security by using an online portal. When you use a reputable vendor, you can count on them to have security measures in place to protect the information on the website.
Manage Requests
Another administrative hassle for HOA managers is dealing with all homeowner requests. Unless they have a fantastic system to manage things, requests may get lost and not be followed up on promptly.
Many HOA portals allow HOA community members to submit their requests online. These systems give managers a simple way to manage HOA issues without creating a system themselves.
Payment Processing
Online portals offer an easy way for homeowners to manage HOA payments. They can set up an online payment to handle HOA fees, fines, and other payments.
Another great thing about a portal is the ability to set up automatic payments. If a homeowner doesn't want to remember to pay their dues every month, they can automate the process with their online portal and not worry about missing a payment.
An Owner Portal Is Worth Investing In
With so much administrative work an HOA must do, putting systems in place to simplify things is something you should jump at the chance to do. An owner portal is one of those things, allowing homeowners and HOA board members to collaborate and work in one place. Invest in one today to start streamlining HOA management.
Are you looking for a partner to help with management and your HOA portal? At PMI Values Your Casa, our HOA property manager experts can help you set up an online portal and manage the rest of your HOA. Contact us to learn more!
