As of 2021, HOAs managed 358,000 neighborhoods in the United States. If your neighborhood needs HOA management services, you should be selective.
An HOA property management company can help a lot with day-to-day operations and will ensure that managing your community goes smoothly. However, not all HOA management companies are reliable or are a good fit for your neighborhood.
Here's how to select an HOA management company that's right for your community.
Ask About Service Offerings
One of the main factors to consider when choosing HOA property management companies is what services they provide.
You'll need to think about your community's needs first. Then you'll want to be sure that an HOA management company offers all of the services you require.
Some key services you might want to look for include budgeting, assessment, collection services, conflict resolution, and reporting. There are other services that a management company may provide as well, including accounting, maintenance, monitoring, and more.
Find out exactly what the company offers before you decide to work with them.
Check Their Track Record
You should also find out more about an HOA company's experience and history. A great HOA management service will have a history of satisfied clients.
Be sure to speak with the company and get testimonials and references. Find out more about how clients have felt about working with them. Learning about their reputation and their track record can help verify that they'll do a good job for your neighborhood as well.
Determine Their Availability
Also, consider an HOA management company's availability as well. They should be available when you need them and should be flexible. Some HOA companies won't have a high amount of availability throughout the entire year.
Before choosing a company, you'll want to determine how many hours the HOA management company can spend on your HOA every month. You should also understand what their daily operating hours are. Also, make sure that you know what will happen in the case of an after-hours emergency.
In addition to this, you may want to choose a company that is located nearby. Accessibility can be an issue, and you may be charged extra fees if the company is located far away from your community.
Check Their Pricing
Finally, make sure that you think about the cost of the HOA management services.
You'll want to determine your budget and ensure you can afford the company you're interested in hiring. While you should be sure to choose a quality management company that will get the job done right, you'll also want to stay within your budget.
You should aim to choose an HOA property manager that offers a good combination of professional services as well as an affordable cost that works for your community.
Choosing the Right HOA Property Management Company
Remember that not every HOA property management company will fit your community well. Be sure that the HOA company you hire offers the right services at the right price and has a great history of satisfied clients.
Do you need HOA management in Galveston, Texas? Contact us now to find out more about what we can do for you.