Are you in Phoenix, and your neighbourhood would love to hire the best Homeowner Association Management (HOA) company around? It is important to note that most neighbourhoods look up to the HOAs in their regions to manage and keep their surroundings in shape. Unfortunately, not every association endeavours to do so, especially if they deal with the wrong management companies. It is also important to note that these associations mostly contain volunteers as board members; hence the need to seek other people who are motivated by wages/salary to get necessary jobs done.
So, you are tasked with the job of locking in the best phoenix hoa management companies for shortlisting, where do you start? What are the factors that you should take into account? Well, they include but aren’t limited to the following:
- Current laws and regulations
Before anything else, you might want to ensure that your companies of choice are in absolute compliance with the current laws and regulations surrounding property management. For instance, it will help if you handpick companies whose staff are well versed with state-laws governing homeowners associations to avoid hefty fines and legal fees in the future. You are already on a mission to make an environmental impact in your neighborhood, and the last thing you’d want are criminal charges or civil suits hanging around your association.
- Company’s history
The company’s history and period of existence will help you gauge whether it is reputable and trustworthy. For instance, a company that has been in existence for the last decade or two sounds like the most experienced in dealing with associations. Conversely, a company that was incorporated a few weeks ago, is still learning the ropes of the business, and will hardly quench your association’s management needs. Moreover, an older company has more reviews and recommendations that would help you gauge their competence.
Where are your companies of choice located? It will help if you hire a company that is located within the proximity of your neighbourhood. Besides responding swiftly and promptly to emergencies, HOA management companies around your locality know the unique needs and preferences of neighbourhoods around that region. If you have a special dialect, you might also want a company that would not create any communication barrier.
- What are their costs?
While different companies have varying payment structures, it will help if you go with a management entity whose services reflect the true value of the amount of money you spend on them. Moreover, you also want a budget that the rest of the board members will approve without hesitation.
- Online reviews and direct references
Lastly, you might also want to consider online reviews and direct references before preparing your shortlist. HOA management companies will often have a segment on their website where both satisfied and dissatisfied clients can air their concerns, reviews, and recommendations. Positive online reviews and feedback can be trusted to point you to the right company. Moreover, direct references from nearby associations will also land you into a reliable company.
The above factors should help you invest in an HOA management company that is trustworthy and able to match your needs, taste and preferences. Most importantly, they’ll help you escape the trap of various con or unscrupulous entities that masquerade as reputable companies on the internet.