Many homeowners associations still self-manage, with some not even realizing that outside management is a possibility! Running an HOA takes a lot of time and energy. Finding the right management company can mean a thriving community for your residents, a break for your board and owners, and peace of mind that your association is in good hands.
They Have Experience Managing HOAs Like Yours
Of course you want a management company with experience! But you should also look for one that has the right experience. A company that’s been in the business for 20 years sounds great—unless you’re a small HOA and they’re used to managing large, master-planned communities (or vice versa). Not all homeowners associations require the same type of care, and you want to make sure you’re in practised hands.
They’re Knowledgeable About the Area Your Community Is In
It seems obvious that the management company you choose is close by, but proximity isn’t the only thing to consider. You should also make sure they are well-versed in the culture and atmosphere of the city or area where your community is located.
Every city is different, and even the neighborhoods within a city have diverse cultures and people. The area your community is in affects your residents’ needs and wants, your real estate, and your landscape. The right management company will know how to take proper care of the outer and inner elements of your community, and will understand how local laws and regulations, as well as climate and weather, affect your needs.
They Offer the Services Your Community Needs
Not all HOA management companies are the same. They come in all shapes and sizes, and offer different support and services based on their size and staff. Before you start looking, write down a list of what your homeowners association needs, what services would be nice to have, and which ones are not needed. This will help you in choosing a company that fits your community and is a good investment.
Do you need pool maintenance? Financial and tax reporting assistance? Maybe you have playgrounds or sports areas that need routine maintenance or repairs. You’ll want to be sure the company you’re hiring can handle all of your needs.
They Have the Right Services In Your Price Range
Many HOA management companies employ a one-size-fits-all mentality to the communities they manage. You end up paying for services you don’t want or need, and not getting what you do need.
Finding a management company that tailors to your personal needs makes a huge difference in the care you receive. You want to pay for just the services you need, and you want to pay a fair price for them. HOA management companies that have experience with a variety of communities of different sizes will be more intuitive to what is best for your association.
They’re Well-Versed In the Legalities and Local Ordinances
Running a homeowners association involves a lot of legalities, insurance, and paperwork. Different states and municipalities have their own legal requirements, as well as restrictions. And depending on your area, you may need special disaster coverage, such as flood or fire insurance. Being ahead of the game on what is and isn’t allowed, as well as how to protect your community financially, can save you a lot of headaches in the long run. But you’re not the expert and you don’t have time to look all of that up.
That’s where a great management company comes in handy! We are the experts and save you the time of figuring out all of the fine print. From making sure your financials are in order to knowing (and acquiring) the necessary insurance coverage for your association, we can give you peace of mind and some time back in your day-to-day schedule.
Contact us today to learn more about how we can be the right management company for your community.