.jpg)
What if you no longer had to plan HOA meetings or worry about collecting dues from your fellow members? What if you could just enjoy living in your amazing HOA community instead? With help from an HOA property management company, it's possible!
The best property management companies streamline operations, saving you time, money, and stress in the process. Not sure which association management company to choose? Read on for the tips you need to choose the right partner today!
Experience Managing an HOA
Consider how long the property management companies on your list have run and operated. The industry grew by nearly 3% between 2021 and 2022. Florida has the third-highest number of property management companies in the US with 26,278.
With new businesses entering the industry, it's important to focus on experience. Determine how many HOAs the company has helped since offering services.
These experienced teams likely have processes in place to ensure accuracy and efficiency. They've likely learned from their mistakes on the job.
Look into each team's credentials. Confirm that they're licensed. Determine if they have memberships with organizations that can speak to their level of expertise.
Ask if you'll work with a dedicated HOA property manager. If so, learn about their prior experience managing an HOA.
Ask how they helped the HOA thrive. Learn about the problems the HOA faced and how the property manager resolved those issues.
You can count on their experience and expertise. These property managers will help you discover better ways of managing your HOA.
Property Management Services
Talk to your HOA board and determine where they're experiencing problems. Consider which property management services best align with their needs and goals.
Try to find a full-service community association management company. Their range of services could cover:
- Assessment collection
- Accounting and reporting
- Maintenance and repairs
- Compliance and inspections
- Event planning
- Document preparation
- Meeting facilitation
- Community communication
Determine what tools they use when offering these services. The global association management software market will grow by over 5% before 2029. Using state-of-the-art technology can boost productivity.
This software is highly scalable, easy to use, customizable, and cost-effective. You can use it to track member satisfaction and engagement. Reviewing these insights could help you determine areas where your HOA community can improve.
Fees and Guarantees
Ask each company for a list of the property management services they offer. Determine what's included with each fee.
Look for companies that offer guarantees. What happens if you're not satisfied with the company's services? They should take the time to find a solution.
Reputation
To find the best company, learn about their experiences with other HOA communities. Read online reviews to find a reliable, accountable company. If you find multiple complaints from their previous clients, remove them from your list of options.
Hire the Best HOA Property Management Company
Hiring the best HOA property management company available can set your community up for success. Use these tips when reviewing your options. Choose an experienced company you can trust with your community's future.
Need help managing an HOA? PMI Arrico Realty and Property Management has nearly 20 years of industry experience helping communities like yours.
We use state-of-the-art technologies to help maximize the financial potential of our clients. We have the education, experience, and commitment you can count on. Contact us to request our property management services!
