Managing a homeowner’s association is never an easy task. No wonder, more HOAs are opening up to the idea of hiring an experienced company for the job. Choosing between Phoenix HOA management companies can feel overwhelming, which is why we have come up with a simple guide that can help.
Define your requirements
Mostly, residents double up as board members and managers of the association, which can be chaotic and hard to manage. Now, before you look for association management companies, it is important to have a realistic idea of the work involved. Most HOA management services are involved in all three aspects – security, financial management, and administrative tasks. Beyond figuring out the current challenges, it is also wise to take inputs from residents.
Check the basic details
All HOA management companies must have necessary license to work in the sector. Check if the concerned service has good reviews online from other people, and in case the company claims to be the best in business, they should be willing to offer references. In some areas, you can also check if the company is accredited by known organizations.
Ask for a proposal
It is important to review if the work ethics and profile of a company matches with the basic values that matter for your homeowner’s association. For that, asking for a proposal is the best step forward. Expect the HOA management company to offer a detailed proposal, which will include the scope of work, their management practices in general, and other things that were a part of your initial requirement memo.
Think beyond the price
For many associations, one of the key concerns is hiring a company that can work in a budget. Yes, the price will matter and you have to work on the costing, but ensure that you don’t hire a company just for the price alone. Instead, focus on understanding the benefits they bring to the table and why they are a better fit for your association when compared to others. If that means spending a tad more, that extra is worth paying.
Check with the HOA management company if they know and have cordial relations with contractors and subcontracts in the area. This is an important factor that will determine the overall maintenance work done.
Check online now to find more on association management services in Phoenix and ask for proposals to compare the options.