When it comes to hiring an Arizona Property Management company for your HOA, you want to choose the right one. So many people don’t always know how to hire a management company. Don’t worry, because that’s what we’re here for.
We’ve got everything you need to know to help you figure out how you can hire not only a great property management company for your HOA, but one that you’re truly happy that you’ve hired. At the end of the day, you need someone to get the job done, and the right management company will be able to help you do that. Read on to find out more.
Ask What They Offer
This is an important question to ask of your potential property management firm, as there is a ton of work involved in this type of position. You want to make sure that the firm that you eventually hire has all of the things that you’re looking for in a management firm.
You don’t want to be stuck in the position of having a company running your community that doesn’t offer all the services that you need. A good firm will be able to manage HOA dues, handle collections for unpaid dues, create budgets, manage the accounting, provide reporting to the board, develop capital replacement plans, address maintenance problems, find contractors and more. By asking what the firm offers, you’ll be able to determine if they’re the right fit for you.
See if They Can Handle a Large Property
One way to mistake while hiring a firm for property management is hiring a firm that will be clearly out of their depth. You want companies that can handle the needs of a large property because if they can’t, you’re going to run into problems early.
These problems could not only cause extra headaches, they could mean a whole bundle of trouble for you and the community. It’s necessary to make sure that they can handle a large property and get everything done that they need to. Just because a firm has said that it has managed large companies before doesn’t mean that they have, so make sure that you get concrete examples or at least have them explain more how they have managed HOA in the past.
Pick a Firm with Experience
Do you want a company that is fresh on the block and no experience, or a company that has done this before? At the end of the day, most people want a firm that has experience. Ask the firm you’re considering what experience they have had running properties in the past and how they did. Ask questions like what was their approach and what their general philosophy is when it comes to getting things done.
At the end of the day, hiring a firm is going to be a bit of a task. Make sure that you consider who you are looking at carefully and have a very good idea of who you are hiring at the end of the day. Don’t let your community management be left to a company that isn’t going to care for it the way you need them to! If you can do all of this, you and your HOA will be just fine.