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Posted By JohnS122 on 09/29/2022 3:48 PM
My HOA is small. 20 homes. Not complicated. Some utility bills and and landscaping. We've never had a need for a "manager"....There's a lot of issues lately and our board wants to move to a PMC that costs $3000/yr.
Are there other types of services we could hire instead of an expensive full PMC? something just to handle the billings, banks, and mailings?
We are self-managed with 16 condominium units. Condominiums are definitely trickier. If you can get a good PMC, $3000 is not a lot of money. That works to $12.50 per month for each owner and can relieve a lot of headaches. A bad PMC can ruin a HOA though. Boards can get lazy and the PMC prices increase over time. There is no substitute for good board involvement.
I don't know what you are using for accounting but there are HOA accounting software on the web that makes it pretty easy to pay dues, create budgets, track expenses, send out emails to owners, generate reports, send violations, architectural committee requests.
Now if only I can find A PMC to handling RFPs, arrange annual meetings and handle the contracts with the vendors I would be really happy.