Better Expense Management for Home Owner Associations
When you think of a Homeowners Association (HOA) you might think of code enforcement, security or annual fees. However, many HOAs are responsible for common areas such as conservation areas, playgrounds, sport or exercise facilities, street lights as well as golf courses. Maintaining common areas or other facilities with EAM-CMMS software will help resale values as well as lower liability claims from accidents.
Addressing HOA Needs with an EAM-CMMS
EAM-CMMS software is very important for HOAs because it helps address two major needs. The first is being able to organize, track and record all maintenance needs and activities. This includes paid staff or through the use of outside vendors. An EAM-CMMS solution. The second major need is the ability for HOAs to have a tool that works well with their Reserve Study. The foundation for all good Reserve Studies is having accurate knowledge of all HOA assets and their projected replacement dates.
Common Home Owner Association Assets
Homeowner Associations can set up inspections, preventive maintenance, and maintenance schedules for HOA assets and activities such as:
- Pools and Pool Equipment
- Golf Carts
- Playground Equipment
- HVAC
- Roadways
- Roofs
- Sidewalks
- Lighting
- Landscaping
- Clubhouses
- Sport facilities
- Safety Hazards
- Pond Pumps
- Snow Removal Equipment
- Drains
- Tree Trimming