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Every day, your HOA's volunteers complete paperwork, fulfill requests, and somehow have a personal life. Unfortunately, they could experience burnout if they do it all alone. They may drop the ball on important tasks if they're stretched too thin.
A community association management company can support your unpaid volunteers. They'll streamline operations to help your community thrive.
Not sure how to choose an HOA community management company? Read on for the three tips you need for an effective search!
1. Find Experienced Property Managers
There are over 296,000 property management businesses in the US. Not every company will offer the expertise your community needs. First, look for property managers with years of industry experience.
Leveraging their experience and expertise can help you make more informed decisions. It can also help you avoid costly mistakes. A new company that lacks experience may not have efficient processes in place.
Look for experienced property managers who specialize in HOA community management. They'll have extensive knowledge that can benefit your community. For example, they'll remain informed of relevant laws and regulations.
Make sure the company can meet your needs. For example, do they have the resources to help your community?
Ask how many properties they're managing. If they're stretched thin helping too many clients at once, they may neglect your community. Look for a company that remains available to help their clients year-round.
2. Review HOA Management Services
Look for a full-service HOA community management company. You may not need all their services at once. However, you won't have to hire another company in the future.
The most popular property management services include maintenance, rent collection, and advertising. You may also need help with:
- Financial management
- Administrative management
- Maintenance/building management
- Board member assistance
- Community communication
- Assessment collection
- Accounting and reporting
- Document management
- Property inspections
Learn more about the resources and tools each company uses. The best HOA managers use state-of-the-art technology to streamline operations. Automation can save time and money while ensuring accuracy.
Read online client reviews to find companies that offer high-quality services. You can find reviews on their BBB or Google Business listing. Look for complaints about the company's responsiveness and professionalism.
If you find a high number of complaints, remove those HOA managers from your list.
3. Compare Fees
Ask each company for a copy of their fees and contract. Don't choose the cheapest option. Instead, look for a company that will customize their agreement based on your needs.
Companies that offer personalized services care about their clients; not the bottom line. Review their contract and ask if there's a guarantee or cancellation fee.
Choose Community Association Management
Choosing a community association management company doesn't have to feel daunting. Instead, use these tips to find the best property managers in town. Their professional services can help your community succeed.
PMI Home Team specializes in association property management. We have over 20 years of experience helping communities grow. We're here to protect the place you call home.
Contact our experienced property managers today to help your community thrive!
