Are your community's volunteers juggling membership inquiries, maintenance requests, and a dozen other tasks? According to the Community Associations Institute, board and committee members complete 98.5 million hours of volunteer service annually. Your members could experience burnout before they get the chance to enjoy living in the community.
Before that happens, start screening association property management companies. Finding the right partner can help your community thrive.
Not sure how to vet residential property management companies? Read on to streamline the process.
Look for Experienced HOA Management Companies
Don't waste time screening every company in Suwanee, GA. There are over 296,400 property management businesses in the US (IBIS World). The industry is experiencing continuous growth.
Instead, consider how long each company has offered property management services. Determine how many associations they've managed in that time. Make sure the company's experience aligns with your community's needs.
An experienced team will have processes in place, saving you time and money. A less experienced property manager may use trial and error. They may develop effective strategies slowly, wasting your resources in the meantime.
Choosing an experienced team will give you peace of mind. Learn more about their process. Determine if they'll customize their services based on your needs.
These companies are more likely to respect your values. Their personalized services will align with your goals and concerns. Leverage their expertise to ensure your community's long-term growth.
Review Their Property Management Services
Ask each company about the property management services they offer. Look for a full-service company to avoid hiring multiple contractors. Their services may include:
- Maintenance and inspections
- Assessment collection
- Scheduling
- Compliance
- Board member assistance
- Accounting and reporting
- Community communication
- Document management
Determine if the company uses technology to remain organized and efficient. They can automate processes, saving time and reducing human error.
Ask each company for an itemized list of their services and fees. Consider how they determine their fee structure.
Don't make the mistake of choosing a company based on pricing alone. A less experienced team may be desperate for clients. They may set lower rates for services that don't meet your standards.
Determine if the community association management company offers a guarantee. These companies will strive to meet your expectations. Ask about the best practices they follow to ensure success.
Read Client Reviews
Read client reviews for each community management team on your list. Choose a company that's gained a glowing reputation. You'll feel more confident choosing a team that other local associations know and trust.
The company will strive to offer top-notch services to maintain its well-earned reputation.
Vetting Association Property Management Companies
Comparing association property management companies can feel stressful and time-consuming if you don't have a plan. Use these effective tips to narrow down your options. Finding the perfect partner can ensure your community thrives in the Suwanee, GA market.
Our team at PMI Reliance will tailor our services to your community's unique needs. We'll consider your goals and values to develop innovative, personalized strategies.
Trust our state-of-the-art technology, award-winning services, and professional guarantees. Contact us now for a free consultation.
