Over 73.9 million Americans live in homeowners associations and condominium communities. Unfortunately, board members don't always have time to manage their communities alone. That's where association property management companies step in.
With help from an association manager, you can ensure efficiency. Not sure how to choose an association property management company?
Read on for the tips you need to find an ideal partner today!
Determine Experience
There are now over 296,000 property management businesses across the US. As the industry grows, new association managers are getting a footing in the industry. Don't choose one of these inexperienced property managers.
Instead, look for an association manager with years of relevant, hands-on experience.
Consider how long the company has operated in Lebanon, OH. Determine how many HOAs they've managed in that time.
Ask which association manager will manage your HOA. Ask about their experience and credentials. Learn more about their training to make sure they have the necessary expertise.
Look for association management companies that remain informed. For example, are they aware of the latest local laws and ordinances? Determine how they'll help you remain compliant to avoid legal repercussions.
If the company or property manager isn't aware of new laws and regulations, you could receive fines.
Read Reviews
If you want to find the best HOA management company, read reviews. Check the company's BBB profile, Yelp page, and Google Business listing. Reading online client reviews will ensure you find a company worthy of your trust.
Look for comments about the company's timeliness and professionalism.
For example, how long does it take for them to respond to messages? It's important to find a company that will communicate with you. If they aren't responsive, it could lead to problems.
Determine how they'll communicate with your community. Will they send out newsletters regarding projects or financial matters? Their transparency can keep your HOA community happy and informed.
If you find numerous complaints against the company, remove them from your list of options.
Compare Services
Look for a full-service association property management company. Determine what services they offer, such as:
- Rule enforcement
- Maintenance and building management
- Administration management
- Financial management
Learn more about what's included under each service.
For example, does the company offer 24-hour availability and on-call maintenance? Look for a company that responds quickly to maintenance requests. Otherwise, tenants might get frustrated when it takes weeks to receive help.
Consider Your Budget
Get an itemized list of the services each association management company offers. Determine how they'll charge you. Don't rush to choose the cheapest option available in Lebanon.
Instead, compare fees between three local businesses. Determine the average cost of services.
Ask for a copy of each company's contract. Make sure they offer a guarantee. These companies care more about their clients.
Vet Association Property Management Companies
Some association property management companies won't offer the help you need. Use these tips to vet your options. Then, choose an association manager who can meet your requirements.
With their help, your community will thrive!
Need association management services right away? We're here for you.
Contact our team at PMI Buckeye Services to discover how we can be of assistance.
