The phone never stops ringing-the board needs an updated financial review, and tenants need their maintenance requests fulfilled yesterday. As part of a community association, there aren't enough hours in the day to complete these tasks. Unfortunately, dropping the ball on one project can upset your fellow community members.
With help from an association management group, your homeowner's association can thrive. From responding to calls to managing the budget, they can help your community succeed.
Not sure how to choose an HOA management company? Read on for the tips you need for an effective search!
1. Check Credentials
Florida has the second-most associations in the US. Instead of researching the 49,200 associations in the state, prioritize the most experienced teams. An HOA management company with years of industry experience can best help your community.
You can leverage their experience to help other communities to make informed decisions. These companies are also more likely to have efficient processes in place.
When vetting your HOA management options, look into each company's credentials. Confirm that they're licensed by the state and accredited. Determine if they're accredited by the Community Associations Institute (CAI).
The institute is the top accreditation for community associations. Companies with accreditation have received additional education and training.
Ask if you'll work with a dedicated association manager. Look into their experience, education, and credentials. Confirm that they have the expertise necessary to guide your community.
2. Review Services
Talk to the members of your local HOA to determine what services you need. For example, you may need help with:
- Financial management
- Maintenance
- Administrative tasks
- Document preparation
- Assessment collection
- Accounting and reporting
Over 70% of property managers perform inspections, prepare leases, and advertise.
The property management software market could grow by 4.8% before 2028 arrives. Determine if the company uses state-of-the-art technology to ensure efficiency and transparency. Ask how you should expect to receive updates from the company.
Learn more about their processes and what they can do for your neighborhood. For example, how will they help enhance your community's property values? Make sure their services align with your neighborhood's needs.
To find the best HOA management company, read online reviews. Client reviews can help you find a reliable company that offers high-quality services.
3. Compare Fees
Before choosing an HOA management company, ask for a copy of their contract and an itemized list of their services. Compare fees between three local HOA management companies. Ask if the company offers a guarantee or cancellation option.
When making your final choice, prioritize expertise and service over price. Finding a reliable, capable team will help your community thrive.
Choose the Best Association Management Group
Don't make the mistake of choosing the first association management group you find in Fort Lauderdale. Instead, use these tips to find the best HOA management options. Choosing an experienced team could make all the difference to your community's future success.
PMI Broward Sunrise provides comprehensive, reliable services that align with your needs and goals. We're committed to propelling your association to new heights.
Contact us today to discover how we can optimize your community's operations!
