When discussing the benefits of an HOA (Home Owners Association) with the your tenants, or why your particular holdings are managed by HOA partners, it can be helpful to further clarify the benefit that an HOA provides.
Home Owners Association help each tenant to have a bigger voice in their community and help to ensure that their needs are being met. Not only do they enable some capitol improvements to be made, but also help to improve the social well being of the community as well. This might be done by hosting block parties, organizing neighborhood watch patrols, helping to look for signs of neglect and troublesome occupants, as well as attending city council meetings to represent the individual needs of the residents. Home Owners Associations could be described as being neighborhood organizations, due to the immense benefit they provide to the community which they represent and of whose occupants they are composed.
If you would like to know more about how to educate your tenants about what it means to be in an HOA or would like to enquire about our property management options, contact our offices in Los Gatos, CA and let us know how we can help you.