Choosing the best HOA property managers is important to a community. However, how you go about doing it can be a bit of a mystery if you’ve never done it before. Choosing a property manager is the job of the HOA board, with input from the community members. How do they select the best one? Take a look at some important criteria to consider.
What Are The Qualifications of the Best HOA Property Managers?
Understanding the qualifications of a management team will give you some insight into the scope of their abilities. The right training and experience makes a big difference when it comes to the day-to-day operations of the homeowners association. They should have the capacity to train and educate the board. But they also need an in-depth understanding of the regulations regarding the community and know the HOA responsibilities to homeowners.
How Long Have They Been Managing Properties?
Longevity in the property management business is important. Choosing a newcomer to the field could leave you in a bind should their business fail. Look for a company with roots in the area and long-term experience. That will give you peace of mind that they aren’t going anywhere.
How Many Properties Do They Manage?
Understanding the ratio of managers to properties is important. That’s because it could impact your ability to connect with your manager. If their plate is full, they could be hard to get in touch with should the need arise. A team of good managers with a support staff to back them up is a priority when on the hunt for a property manager.
What Services Do They Offer?
When you hire anyone for anything, you want to know what you’re getting for your money. Hiring an HOA property manager is no different. Even if the company claims full-service management, this can mean different things to different companies. Get a list of all of the services they will provide for your community before you sign on the dotted line.
How Do the Best HOA Property Managers Handle Issues?
Community issues presented to the HOA board and the property managers are wide-ranging. They can include anything from basic maintenance to major disputes. You’ll want to know if they have their own maintenance operations or if they contract out for services. You also want to understand their cost-effective solutions for proper maintenance of the community. Learning about their approach to managing disputes is important, too. That way, you’ll know what to expect and whether their style fits that of the community. Finally, you need to know how to reach them in an emergency. Just make sure they have the capacity for 24/7 customer service.
Don’t pick the closest or cheapest company when it comes to managing your community. There are some very specific things you should look for and consider when choosing HOA management associations. Take your time and find the best HOA property managers to represent your board and your neighborhood. You can ask these important questions of the best HOA property managers in the Vail Valley by contacting our team at Fireside Properties.
