Do your HOA board members and volunteers look exhausted? They need help! Partnering with an experienced association management company will ensure they have support.
There are over 296,200 property management businesses in the country, though. To narrow down your options, use these tips. Find the best HOA management company based on your needs today!
Consider Your Needs
Before beginning your search for an association manager, sit down with your HOA board members and volunteers. Ask them about the problems they've faced or tasks they need help with. Understanding your community's unique needs will help you prioritize them during your search.
For example, perhaps your board members are uncomfortable collecting delinquent fees from friends and family members. Maybe they struggle to increase attendance at HOA meetings.
Make a list of the HOA management services you're looking for. If a company doesn't offer that service, remove them from your list of options.
Ask each company how they intend to meet your needs and accomplish your goals. The company should customize its services based on your requirements. Otherwise, their cookie-cutter approach won't benefit your community.
Check HOA Management Experience
While there are thousands of property management companies to choose from, some are new to offering services. Determine how long each company has run and operated. Ask how many associations they've managed in that time.
Finding a long-established business will give you peace of mind. They won't shut down and leave you abandoned overnight.
Established property management companies often have processes in place for efficiency. They'll know which best practices will ensure your community's growth and success. You can rely on their years of experience and varying areas of expertise.
Explore Types of Property Management
Look into the types of property management each company offers. Choose a full-service property management company that can meet your current and future needs. They can help with:
- Record keeping
- Board member assistance
- Document preparation
- Meeting facilitation
- Assessment collection
- Scheduling
- Legal services
- Event coordination
- Accounting and reporting
Determine if the company uses an online portal to accept payments and maintenance requests. These companies work more efficiently. Your community members will have the ease and convenience of using online tools.
Ask the company how their services will improve property values. The average value of homes in community associations is nearly $7.2 trillion.
Read Reviews
Narrow down your options by reading online client reviews. You can find reviews for each company on Yelp, Google Business, and Better Business Bureau.
Choose a company that already has an established reputation. These companies will work hard by offering you top-notch services to maintain that reputation.
Look for comments about the company's responsiveness. Ensure you won't experience delays when you need help.
Find Your Association Management Company
Finding the right association management company for your community will give you peace of mind. Your members can sit back, relax, and enjoy life in your community without stress.
PMI Turn Key NJ has 20 years of industry experience helping communities like yours thrive. We use state-of-the-art technology and award-winning strategies to ensure each client's success.
We can maximize the earning potential of your community and investment property. Contact us today to meet your association manager.
