3 Things to Look for When Choosing HOA Property Management Companies

3 Things to Look for When Choosing HOA Property Management Companies

There are now over 370,000 homeowner associations in the US, representing over 40 million households. The volunteers on your HOA board have their own lives and responsibilities, though. They can't always drop personal tasks to help their HOA community.

That's where experienced HOA property management companies step in. Working with a community association manager can ensure the community receives the help it needs.

Not sure which company to choose? Use these tips to streamline your search today.

1. Prioritize Experience

There are over 296,200 property management businesses in the US. Some teams have more experience than others, though. When building a list of HOA management companies, prioritize experience.

Determine how long each company has worked in the industry. Ask how many HOA communities they've helped in that time. Some companies specialize in HOA community management.

These companies will have a better understanding of your needs.

An established company likely has access to more extensive resources and professional contacts. For example, they might have a list of Brandon, FL vendors they trust.

Make sure the team has expertise in different aspects of community association management. For example:

  • Strategic planning
  • Finance
  • General administration
  • Communications
  • Insurance

You can rely on their experience and expertise for different needs.

Confirm that the HOA manager and company have the proper licenses and certifications. Look for companies that have credentials through the Community Associations Institute (CAI). These teams will have the proper education and training to meet your needs.

2. Consider Reputation

Read online reviews to learn more about each community association manager. Reading reviews will help you find a team worthy of your trust.

If the company has a number of complaints against them from previous clients, keep searching.

Look for comments about the company's professionalism, responsiveness, and attention to detail.

3. Review Services

Determine what services each HOA community management company offers.

For example, you might need help marketing your community to find new members. Perhaps you need help with accounting services instead. Accounting services may include:

  • Management fees
  • Booking fees
  • Taxes

A company that offers accounting services can help you save time while ensuring accuracy. Their expertise will ensure your financial affairs remain organized and transparent. They can also ensure you comply with tax laws and regulations.

Leveraging their expertise can help you avoid issues or penalties in the future.

Look for a company that offers a range of services that align with your needs and goals.

Before choosing an HOA management company, ask three companies about their fees. Look for companies that will customize services based on your expectations. These companies care about their clients.

There's no one-size-fits-all approach to managing your HOA community. The best company will draw up a contract with your community in mind.

Find HOA Property Management Companies

It's not enough to find HOA property management companies in Brandon, Florida. Use these tips to find the best companies in Brandon. The best HOA management team will benefit your community in the long run.

Want to experience the benefits of working with a community association manager? We're here for you.

Contact us today to learn how our services can benefit your HOA!