5 Things You Should Know About Florida HOAs Part 1

The purpose of a homeowners association (HOA) is to help serve your community by streamlining communication, addressing concerns, and representing the best interests of the residents. HOAs also make decisions on behalf of the community they oversee and are authorized to “impose assessments that, if unpaid, may become a lien on the parcel.”

Unfortunately, most HOAs are composed of homeowners that, while well meaning, have little experience managing a property that serves dozens, perhaps even hundreds, of residents. This is why many HOAs opt to hire the services of a Tampa homeowners association management company, like Wise Property Management, Inc. 

In this two-part series, we will discuss five important facts about Florida HOAs. Over the years, we’ve helped dozens of HOAs gain control of their communities by providing invaluable services designed to satisfy your residents and decrease pressure on your board. Over the course of this article, we will explain how your community can benefit from the services of a Tampa homeowners association management company, even when dealing with some of the most basic HOA responsibilities, like collecting fees and dues. As you will see, even the most rudimentary responsibilities can be streamlined to alleviate pressure on your board and help forge closer bonds between the residents and HOA of your community. 

1. HOAs Collect Fees and Dues

HOA dues are typically calculated by assessing the per-resident cost of various amenities and services used by the community, including:

  • Front/Back Gate
  • Clubhouse
  • Community Pool
  • Tennis Court
  • Basketball Court
  • Children’s Playground
  • Lakes
  • Ponds
  • Right of Ways
  • Medians
  • Exterior Painting
  • Parking Areas
  • Sidewalks
  • Streetlights
  • Roofs
  • Vandalism

These costs will vary based on the type of community. For example, the board of directors for a condominium association will most likely be responsible for addressing roof repairs, while the HOA of a neighborhood of single-family homes would place this responsibility in the hands of the homeowners. These fees can also be utilized for other community costs like trash pickup and cable/internet depending on the rules of the neighborhood. These dues are typically collected each month or quarterly to maintain accountability. 

As we mentioned above, refusing to pay HOA fees can result in a lien being placed on a resident’s home, but if you fail to keep accurate records, you could find yourself embroiled in a dispute with a homeowner. One way to help ensure that your fees are being satisfied in a timely manner is to partner with one of the best Tampa HOA management companies, Wise Property Management, Inc. We employ proven processes to ensure that HOA fees and dues are collected on time and stored for future access. When residents refuse to pay, we can take swift action on your behalf to deliver any lien or eviction notices. 

2. Turnover Leads to Confusion

Typically, the developer maintains control of the HOA until the community is more than 90 percent finished. At this point, the developer relinquishes control to a resident-controlled HOA in accordance with Florida law. This is referred to as “turnover.” When turnover occurs, HOA costs tend to rise as the developer will generally pad their HOA fees with their own funds to attract buyers to the community.  This often comes as a surprise to homeowners, and they may seek answers from the HOA. You can take some heat off your HOA by consulting a Tampa homeowners association management company for assistance with implementing a smooth turnover.

To learn more about Florida HOAs, Tampa HOA management companies, and keeping residents happy, read part two.

Are you ready to work with one of the top Tampa HOA management companies that makes life easier for you and your board members and improves the value of your property?  If so, submit our proposal request form today!

Anonymous | Tuesday, October 1st, 2019 | HOA |

SERVICE FIRST

Our founder, William C. Spivey, is a man who believes in the power of people...

LEARN MORE

FAMILY OWNED

We are a family-owned and operated company built in the Tampa Bay Area by a working-class Tampa family.

LEARN MORE

CUTTING EDGE

In today’s day and age, technological advancements are occurring at a rapid rate. These developments...

LEARN MORE

EASY TRANSITION

At WPM, we understand the sensitivity and importance of a management transition. We will proactively work in...

LEARN MORE

SEE WHAT OUR CLIENTS ARE SAYING

  • Couldn’t have asked for better service. It’s NEVER this easy dealing with property management companies. Great Job! Thanks so much!

    Brent I.

  • Cody Glass from the accounting department was very helpful and professional with a lot of courtesy to help me to understand and set up a new payment process.

    Eric F.

  • I work with Wise on a regular basis, as the nature of our business requires quick turn around times. They are kind and helpful when you need something.

    Natasha A.

  • I have always received great service from Wise. Any time I need help someone always answers the phone and directs me to the right department.

    Elaine R.

  • My name is George Florence, I am the Board President of Villas of Northdale, and I have been a Board member for 5 years now. We have had perfect help from Wise Property Management.

    George F.

  • Wise Property Management is the quintessential image of a professional, organized, comprehensive, deligent and knowledgeable Property Management company.

    Kristy D., South Pointe HOA Vice President.

  • I have been working with Jeanie Hunter of Wise Property for several years now. She has handled all our Tampa Villas South association issues promptly and with great efficiency.

    Ken C., Tampa Villas South HOA Vice President.

  • Very easy to work with and everyone is friendly. We have worked with them for a very long time and love the experience. They take pride in their work and truly enjoy what they do.

    Joey V.

  • Contact Information

  • Community Information

  • This field is for validation purposes and should be left unchanged.