When you’re looking for a community management company to handle your association, you should be careful and learn as much as you can.
There are dozens of community management companies out there but they don’t all offer the same things. You want a community management company that will meet your needs and make your life easier. You also want to work with a company that’s the best choice for your community as a whole. As you conduct your search, make sure to consider the following.
Clear, concise communication
When selecting a community management company, it’s important to partner with an entity that values communication and transparency. Many HOA boards struggle with these very issues. A great community management company is dedicated to making sure there is an easy and efficient way for community members to communicate any concerns or questions. This ensures all residents get the information they need.
Financial transparency
Financial transparency is also important. All of your HOA board members should be informed about current financials. No one should be left in the dark. Make sure the community management company you choose can offer these two key things.
An understanding of laws, rules, and regulations
You also want to choose a community management company that is knowledgeable in the laws and guidelines that apply to HOAs. You don’t want to get yourself into trouble by not being familiar with any regulations you should be following. If you connect with a reliable and experienced community management company it can help protect you.
A wide variety of services
Choose a community management company that goes above and beyond. One that will meet your needs. Not all companies offer the same amount of services, so you need to dig in and ask what exactly is covered in their services.
Clauses in contract
While a good, reputable community management company may require a 12-month contract, you should ensure they also provide a clause that allows a board to cancel without cause with a 30/60 day notice. This will allow you to test them out. The 30/60 day option also motivates community management companies to start the good work strong because they have to earn your business.
There are plenty of things you should look for when searching for the right community management company for your HOA. Take time to ask questions, read the fine print, and learn as much as you can before signing on the dotted line.
At PMI, we’re dedicated to providing excellent communication and financial transparency. We’re here to meet the needs of our clients. Please visit our website to learn more: .
