According to the Community Associations Institute, there are around 358,000 community associations. The majority of residents in these communities say their living experience is "very good" (38%), "good" (28%), or "neutral" (23%). What if you could ensure everyone in your community was happy?
Hiring a community association management company can help your HOA thrive. Professional services can enhance your community, improving resident satisfaction rates.
What are the top community management benefits, and how do you choose between property management firms? Read on to find out!
Community Management Benefits
Relying on professional HOA management services can:
- Improve property values
- Increase rule enforcement
- Improve the community's financial health
- Increase efficiency
- Foster a sense of harmony
- Increase everyone's pride in the community
- Attract new residents
To experience these benefits, consider hiring a full-service property management company. Their association management tips can enhance the community and improve your ROI.
Tips for Vetting Property Management Firms
The property management industry employs 877,995 workers (IBIS World). However, not every property manager offers the services or expertise you need. Rely on these tips to screen local property management firms.
1. Choose Expert Property Management Teams
Determine how long each property management team has offered services in West Cobb, GA. Ask how many community associations they've managed overall.
Not every property manager will have experience with communities like yours. Their lack of hands-on experience could waste your time and resources. Instead, ask how they supported the last community they managed.
Learn more about the company's best practices and processes. Experienced companies establish processes to ensure effectiveness and efficiency. These teams have learned from prior mistakes to better serve new clients.
Determine if you'll work with a dedicated HOA manager. Learn more about their qualifications and level of experience.
Look for a team with expertise in different areas. For example, you may need help following Georgia's housing laws and regulations. Their experience and expertise can help your community thrive.
2. Review HOA Management Services
Look for a full-service property management company. Their HOA management services may include:
- Board member assistance
- Assessment collection
- Community communication
- Accounting and reporting
- Compliance and inspections
- Document management
- Calendar and scheduling
You won't need to hire multiple companies. Instead, you can rely on one team that meets all your needs.
3. Read Online Reviews
Read client reviews for each company on your list to determine if they provide quality services. A company with an established reputation will work to maintain it. You'll have peace of mind choosing a company that other communities know and trust.
4. Compare Costs
Ask each company for an itemized list of their services and ask how they determine their fees. Consider if they offer guarantees. These companies will work harder to meet your expectations.
Find a Community Association Management Company
Don't rush when choosing a community association management company. Instead, use these tips to screen your options. Find a team that offers the HOA management services your community needs to thrive.
PMI Cornerstone is committed to adding value through communication, accuracy, and honesty. Trust our 10 consecutive years in the Top 500 and award-winning strategies. Contact us now for a free consultation.
