Garden Patio Villas - 55+ HOA Community

7708 Margate Blvd., Margate, Florida

Self Management vs. Outside Property Management

Comparing self management vs hiring a managed company for a HOA

Garden Patio Villas is a 55+ community with a Self-Managed Homeowners Association, meaning that all Owners are part of our Association. The Board of Directors is made up of homeowners with expertise tailored to our retirement community and have concern for the safety, value and wellbeing of our neighborhood.

Benefits of a Self Managed Homeowners Association

  1. Cost savings is paramount!  Professional management services cost thousands of dollars more.
  2. Self-managed associations have the benefit of saving money and cutting down on their budget which leads to lower assessments.
  3. Self Managing your HOA comes with a certain allure of freedom.  We have control over the association and decisions, we can do things that benefit our community without worrying about an HOA Manager assessing our decision-making process.
  4. Our budget is projected in advance. Ability to make improvements according to the funds available instead of lots of assessments or higher HOA fees.  Only when necessary and when voted upon or in case of an emergency.
  5. There is a constant communication with homeowners, instead of calling a company, getting on a list and waiting sometimes for weeks for a response.
  6. With a self-managed HOA, the Board of Directors has a personal interest in the wellbeing of the Community and work towards improvement and the community of the residents.

Example of Standard Fees for outside Management Companies

Cost of a Self- Managed Homeowners Association

There is a lot of savings to the HOA!  Those monies will be better used to upgrade the community and amenities to enhance the value of our homes.  An outside company has no personal interest but getting their fees every month.  

A Board of Directors is required even with an outside managing company.  If you do not have any Owners willing and able to do the job, the state will appoint a temporary HOA Manager that is salaried to the tune of around $58,670 per year until a Board of Directors is formed.  

Presently, the new Board of Garden Patio Villas consists of 3 Directors: President, Secretary and Treasurer,  We are Owners that live in our retirement community. We are committed to and are working hard for improvements and the enhancement of our beautiful association even though it will take time.

Our goal is protecting the interests of fellow homeowners to assure the safety of our neighbors within our association, increase the value of our properties and building a peaceful, enjoyable environment for all of our homeowners at Garden Patio Villas!

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