The majority (89%) of homeowners association residents say their living experiences are positive or neutral (The Foundation for Community Association Research). What if you could increase the number who are completely satisfied? As people rave about living in your community, you could attract new residents.
With property management services, it's possible. However, there are hundreds of association property management companies in Hoover, AL to choose from.
Need help choosing management companies? Read on for our tips to streamline your search!
Check Community Association Management Experience
According to IBIS World, there are 296,477 property management businesses in America. However, the industry grew by 2.1% within a year. These newer businesses lack hands-on experience.
Before choosing management companies, determine how long each company has operated. Ask how many communities they've managed in the past year versus decade. If they haven't managed one recently, remove them from your list.
Experienced property managers use proven strategies and established processes. They leverage their prior experience to ensure efficiency.
These teams will have years of expertise that can benefit your community. They'll know which property management services you need.
Before interviewing companies, write down a list of your short- and long-term goals. Ask each company how they intend to help you accomplish that goal. If they can't provide a detailed answer, keep searching.
The company shouldn't use a cookie-cutter approach. Instead, they should personalize their plan based on your needs. Personalized services are more likely to ensure you accomplish your core objectives.
Review Property Management Services
Learn more about the property management services each company provides. Ask how each service will benefit your community. For example, can they help improve the community's property values?
Services that may strengthen your community include:
- Organizing membership meetings
- Preparing and maintaining financial records
- Managing the HOA's budget
- Coordinating vendors
- Assessment collection
- Community communication
- Document management
- Maintenance and building management
- Accounting and reporting
Determine what best practices the company follows when offering these services. They'll have used trial and error to ensure their services are effective.
Ask three Hoover property management companies for an itemized list of their services. Ask how they determine the cost. Comparing fees will ensure you're not overpaying.
Determine if the company offers a professional guarantee. These teams will stand behind their services. You'll have peace of mind knowing they'll work with you to support your community.
Read Client Testimonials
Read client testimonials for each company on your list. This will help you find a reliable community association management team.
Look for comments about the company's responsiveness, professionalism, and timeliness. If you see a history of complaints against the company, remove them from your list. Instead, choose a company you can trust with your community.
Vet Association Property Management Companies
Screening multiple association property management companies can become time-consuming. Instead, trust our team at PMI Birmingham Region. We'll take the time to understand what makes your community unique before personalizing our services.
Trust our award-winning services and professional guarantees. Contact us now to discover how we can enhance your beautiful Hoover community.
