Do you know how many association management companies operate in Fort Lauderdale? Hundreds.
Do you know how many can help your neighborhood thrive for years to come? Only one. Unfortunately, it's not always easy to narrow down your options to ensure a successful partnership.
Don't worry; we can help simplify your search. Read on to discover the five questions you need to ask to find the best association management company!
1. How Many Years of Operation Do You Have?
There are now over 310,000 property management companies in the US, with 23,500 property managers operating in Florida. Not every team has years of industry experience, however. Ask each company how many years of operation they have in Florida.
Ask how many associations they've managed within that time. Determine how many they're currently managing. Make sure the company has availability.
If they're stretched too thin, they won't dedicate time and resources to helping your community. They may drop the ball, potentially putting more stress on your shoulders.
An experienced team likely has processes in place to ensure accuracy and efficiency. Learn more about the tools they use to streamline operations. For example, perhaps they use state-of-the-art technology and online portals to provide constant customer support.
2. Can You Provide Proof of Licensing and Certifications?
Ask each company for proof of their credentials. Review their licensing and certifications to confirm everything is up-to-date. Determine if they're accredited by the Community Associations Institute (CAI).
Ask if you'll work with a dedicated property manager. If so, learn more about their experience and areas of expertise. Determine what education and training each property manager completed.
3. What Are Your Company Values?
Learning more about the company values and culture will help you if the company operates based on your priorities. Determine if they focus on honesty and a commitment to their clients. These values can ensure a successful partnership.
4. What Are Your Property Management Services?
Determine what services each company offers. Prioritize finding a full-service property management company. Ask how the company's services will meet your needs.
Ask what they'll do to benefit your neighborhood. For example, perhaps you're trying to improve property values within your community. Learn more about the company's processes and services (such as maintenance and landscaping).
The property value of homes in community associations is already $11 trillion. Relying on these services could boost the value of homes in your community, making it a more desirable place to live.
5. What's Your Fee Structure?
Ask each company about their prices and payment plans. For example, will you pay per service or a monthly payment?
Look for companies that will customize their agreements based on your needs. Don't pay for services you won't use.
Determine if the company offers a guarantee or cancellation option.
Find the Best Association Management Companies
Researching association management companies can become time-consuming without a plan. Ask these questions when screening your options. With these tips, you can find the best company for your community.
Want to save even more time searching for services? PMI Broward Sunrise has nearly 20 years of experience helping communities like yours thrive. Contact us today to discover how our services can support your community.
