How to Select an HOA Property Management Company That's Right for Your Community

How to Select an HOA Property Management Company That's Right for Your Community

Imagine working all day, only to come home to a stack of papers, voicemails, and emails from your neighbors. Chances are, your HOA volunteers are exhausted and close to burning out. Provide them with the support they need by requesting HOA property management services.

Not sure which HOA management company to choose? Read on for the tips you need for an efficient search today!

Look for Experienced Teams

New property management companies enter the industry every year. In fact, there are already 290,600 property management businesses in the US. That's nearly a 3% increase from last year!

Don't choose an HOA management company that's new to the industry. An experienced team already has processes in place to ensure accuracy and efficiency. They likely use state-of-the-art technology and online portals to streamline processes.

Experienced teams also have professional connections you can use to your community's benefit. For example, perhaps you need help fulfilling maintenance requests. An experienced team will already have connections with local vendors and contractors.

Before choosing an HOA management company, look into their professional history. Determine how many HOAs they've helped since offering property management services. Ask how they helped those communities improve over time.

Make sure the company isn't juggling too many properties at once. Otherwise, they could experience delays when your HOA needs assistance.

Review Their HOA Services

Ask each company about the property management services they offer. The most popular services include advertising, rent collection, and maintenance. Try to find a company that offers a range of services.

Finding a full-service company can save you time and money. You can handpick services based on your needs. For example, your HOA board may need help with:

  • Property inspections
  • Accounting and reporting
  • Board member assistance
  • Community communication
  • Financial management
  • Administrative management
  • Building maintenance and management
  • Assessment collection
  • Document management

Make a list of the HOA services you need. If the company doesn't offer those services, keep searching.

Read Client Reviews

Confirm you've found a reliable company by reading client reviews. You can find reviews on the management company's BBB profile and Google Business listing.

Choose a company that already has a positive reputation. If you find the same complaints repeated between clients, keep searching. A company with a positive reputation will want to keep it by offering the best possible services.

Compare Prices

Ask each HOA management company for an itemized list of their services. Compare fees between multiple companies. If one charges higher than the industry average, determine why.

Ask each company if they offer a guarantee. Make sure there aren't any hidden fees within the contract.

Discover the Best HOA Property Management

The best HOA property management services can make your community a more desirable place to live. Meanwhile, your volunteers will no longer have to feel stretched thin. Instead, they can start enjoying living in an HOA!

Want to simplify your search for a reliable HOA management company? Look no further than PMI Fox Valley; a full-service company with over 20 years of industry experience. Contact us today to schedule your free consultation!