Fewer than half of all HOA residents in the US believe their neighborhood is better with an HOA. There aren't enough hours in a day for a community's volunteers to get everything done! If you want to ensure your community's success and everyone's happiness, outsource.
The best HOA property management companies can make living in an HOA better for everyone involved. Not sure which association property management companies to consider? Read on for the tips you need for a simplified search!
Look for Years of Experience
While there are 296,200 property management companies in the US, the industry has grown by over 2.1% between 2022 and 2023. These newer businesses lack hands-on experience and proven strategies for success. When choosing between association property management companies, prioritize experience.
Determine how long the company has offered services and how many Utah HOAs they managed during that time. Ask each company what they learned from helping their previous clients.
An experienced HOA manager has learned from prior experience. They'll avoid making the same mistakes when managing your community.
A long-established management company likely has tools and professional connections they'll use to your benefit. Look for companies that use state-of-the-art technology to automate processes. Automation can save you time and money while reducing human error.
Explore HOA Manager Services
Talk to other volunteers in your community. Ask where they've needed help in the past. Recognizing where they struggle can help you determine what services you need.
Determine what HOA manager services each company offers. Choose a full-service company if possible. Their services could include:
- Financial management
- Board member assistance
- Document management
- Community communication
- Administrative management
- Building maintenance/management
- Assessment collection
- Accounting and reporting
- Property inspections
Ask each company about their processes. Make sure they have a plan for streamlining each service.
Learn From Other Utah HOAs
Learn from the Utah HOAs that came before you. Read online client reviews to find a company you can trust with your community.
Choose an association property manager who already has a glowing reputation. You'll have peace of mind choosing someone other HOAs trusted in the past.
Avoid managers that clients struggle to reach. You're likely to encounter the same problem.
Compare Fees
Ask three HOA management companies for their pricing, broken down by service. Compare fees between them to determine the average cost. If one company charges more than others, determine why.
Some companies charge a monthly fee or flat fee. Ask if you can customize the agreement based on your community's needs.
Ask each company if they offer a guarantee or charge for cancelations. Make sure you get every detail of your agreement in writing to avoid communication issues later.
Selecting HOA Property Management Companies
Choosing between HOA property management companies doesn't have to feel like a hassle. Use these tips to narrow down your options. Otherwise, look no further for your association property manager than PMI Reliant!
We have 20 years of industry experience helping communities enhance their property values and thrive. We can ensure your HOA's future success. Contact us today to request our management services!
