Imagine spending hours preparing for an HOA meeting, only for everything to go wrong. The financial documents are a mess, someone neglected to submit a maintenance request, and you've just been hit with a fine. With help from an HOA manager, this would never happen.
Instead, you'll have peace of mind knowing your HOA is in the best possible shape. Not sure how to screen HOA property management companies? Read on for tips that will simplify your search!
Talk to Your Community
First, sit down with your community's volunteers. Ask about the problems they've faced in the past. Where do they need help the most?
For example, perhaps they need help with financial management. Maybe they struggle to navigate new housing laws and regulations. Recognizing where their areas of expertise fall short will pinpoint where you need help.
Your volunteers dedicate their own time to the betterment of the community. In the US, 2.4 million community association board members perform 86.7 million volunteer hours annually. Hiring an HOA manager will provide them with the support they need.
Consider the size of your community. A larger community is more complex and diverse. It would probably benefit most from comprehensive services.
A smaller community, on the other hand, may only need a few services.
Look for an Experienced HOA Manager
Before choosing between companies, check each HOA manager's credentials. The industry has grown by 3% within a year. Those entering the industry lack relevant experience.
An experienced HOA manager has likely learned from their experiences helping HOAs like yours. Look for a professional with at least five years of industry experience. Make sure their experience is specific to HOAs.
Ask about the education and training they've completed. Confirm that the company is licensed and insured.
Consider Their Services
Once you understand your community's needs, you can look into HOA management services. Consider:
- Financial management
- Maintenance and repairs
- Building management
- Legal services
- Administrative management
Ask the company about the tools and resources they use when providing their services. Companies that rely on technology minimize human error while improving efficiency. They'll help you make the most of having an HOA.
Request a copy of each company's contract. Compare fees between three companies to recognize the average.
Read Online Reviews
Read online reviews for at least three HOA property management companies on your list. Client reviews will help you find a reputable, trustworthy company.
If you find that multiple clients faced the same problems with the same company, keep searching.
Prioritize Customer Service
Ask the HOA manager how you'll communicate moving forward. Determine how you'll submit requests or inquiries. Does the company use an online portal to streamline communications?
Make sure the company is accessible. Otherwise, they may waste your time and money.
Screen HOA Property Management Companies
Finding the best HOA property management companies in Cypress shouldn't feel time-consuming. Use these tips to streamline your search. Find an experienced HOA manager who can offer the help you need.
Look no further than PMI Values Your Casa. We have nearly 20 years of experience helping HOAs like yours thrive. Contact us today to request our services.
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