Managing a homeowners association is never easy. Board members are responsible for a multitude of tasks, including accounting, budget planning, common area maintenance, and more. With obligations outside of the HOA, board members often don’t have time to pay attention to the community’s needs. An HOA management company, though, does.
Elite Management Services is the leading HOA management company in Kentucky. We provide diverse solutions, including reserve planning, board education, legal assistance, and value-added services. We also specialize in accounting and collections, community management, and maintenance and violations. Our services are designed to make the lives of board members easier.
Kentucky Community Association Management
Kentucky has an estimated population of 4,509,342 residents. The state capital is Frankfort, though Louisville and Lexington remain the state’s largest cities. Kentucky is known for its cave system–the world’s longest in Mammoth Cave National Park.
Culturally, Kentucky has much to offer. The state is home to a thriving horse racing culture and a large moonshine and bourbon culture. It plays a huge role in developing bluegrass music, even hosting the annual Festival of the Bluegrass and the Bluegrass Music Hall of Fame & Museum.
Additionally, Kentucky is known for its cuisine. Southern cooking reigns supreme in this region, though South and Midwest elements are also popular in many areas. It is famous for the Kentucky Hot Brown, the Old Fashioned cocktail, Beer Cheese, Kentucky-style barbecue, and Kentucky Fried Chicken.
Notable attractions in Kentucky include the Louisville Slugger Museum & Factory, the Newport Aquarium, Churchill Downs, the National Corvette Museum, the Muhammad Ali Center, the Kentucky Derby Museum, and Cumberland Falls State Resort Park.
Kentucky HOA Management
There are almost 3,000 homeowners associations in Kentucky. That means roughly 522,500 residents live in communities run by HOAs, which equates to 11.6% of the state’s population. While HOA fees can vary greatly, homeowners can expect to pay somewhere between $200 and $300 in monthly dues in Kentucky.
Homeowners associations are rather popular in the state for several reasons. First of all, residents can use the many amenities that the HOA manages. These include swimming pools, fitness centers, parks, golf courses, and clubhouses. Residents can also benefit from the garbage disposal, snow removal, and landscaping.
Moreover, homeowners associations are known for imposing strict rules. And while homeowners don’t always agree with these rules, they serve a higher purpose. With rules in place, the HOA can ensure curb appeal and, in turn, property values remain high.
A common problem that many HOA communities face, though, is management. Running an entire association, especially larger ones, comes with its fair share of challenges. And more often than not, overcoming these challenges requires the help of a Kentucky HOA management company.