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Positive Performance Growth Amidst Economic Uncertainty
Amid economic challenges, community management companies show resilience, with 74% reporting improved performance in 2023, according to a Vantaca Vision 2023 poll.
Despite concerns about the U.S. economy, these companies prove essential in communities, adapting and thriving in turbulent times.
Technological Evolution Driving Efficiency
Success in community management is driven by cutting-edge technology adoption, utilizing AI tools and task automation for efficient workload management. Virtual and hybrid meetings enhance homeowner and board engagement, fostering inclusivity.
At Vantaca Vision 2023, community management companies expressed the most excitement and optimism about
Data-Driven Decision Making
Management companies prioritize actionable data and a central source of truth for informed, data-driven performance improvements.
This approach enables proactive identification and correction of potential challenges and trends, preventing business impact.
The Challenge of Homeowner Engagement
Desire for increased community involvement faces a hurdle: finding homeowners for boards.
Despite this challenge, the industry unanimously calls for greater transparency in community operations.
Exploring New Revenue Streams
Community management companies aim to be the primary contact for all community needs, forming partnerships with contractors and vendors to meet diverse needs and explore new revenue streams.
At Vantaca Vision 2023, 91% of company owners identified new revenue streams, with 41% as new services and 33% through partnerships
Amid economic challenges, community management companies show resilience, with 74% reporting improved performance in 2023, according to a Vantaca Vision 2023 poll.
Despite concerns about the U.S. economy, these companies prove essential in communities, adapting and thriving in turbulent times.
Success in community management is driven by cutting-edge technology adoption, utilizing AI tools and task automation for efficient workload management. Virtual and hybrid meetings enhance homeowner and board engagement, fostering inclusivity.
At Vantaca Vision 2023, community management companies expressed the most excitement and optimism about
Management companies prioritize actionable data and a central source of truth for informed, data-driven performance improvements.
This approach enables proactive identification and correction of potential challenges and trends, preventing business impact.
Desire for increased community involvement faces a hurdle: finding homeowners for boards.
Despite this challenge, the industry unanimously calls for greater transparency in community operations.
Community management companies aim to be the primary contact for all community needs, forming partnerships with contractors and vendors to meet diverse needs and explore new revenue streams.
At Vantaca Vision 2023, 91% of company owners identified new revenue streams, with 41% as new services and 33% through partnerships
Introducing Vantaca Home, our innovative homeowner and board member web portal, marking a leap forward in self-service.
Designed for simplicity, the user-friendly interface empowers homeowners and board members, offering easy navigation and instant access to essential functions. Vantaca Home enhances satisfaction by reducing common inquiries, allowing management companies to focus on value-added services.
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The 2023 Vantaca Vision Conference showcases how Vantaca is revolutionizing performance, boosting employee efficiency, productivity, and financial outcomes. Customers are experiencing a fundamental evolution, driven by Vantaca IQ's insights and analytics.
This evolution is not merely about progress—it's about sustained performance reshaping the landscape of association management.
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Trident Management's action item "New Association Welcome Letter" goes beyond traditional welcome letters, incorporating informative infographics and video guides for setting up payments and navigating the homeowner portal.
This strategic approach not only streamlines onboarding but boosts client engagement, fostering a stronger commitment to portal usage for a smoother transition.
Learn MoreAce of Accounting Award
HOA Living produced exquisite financial efficiency showcasing 471 financials completed per accountant!
Master of Messaging Award
PMP Management averaged 71,798 messages per association per month!
Portal Phenom Award
Empire wins the award bringing in a 43.1% of properties with active logins!
HOA Living produced exquisite financial efficiency showcasing 471 financials completed per accountant!
PMP Management averaged 71,798 messages per association per month!
Empire wins the award bringing in a 43.1% of properties with active logins!
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