A recent survey indicates that there are 2,500,000 elected community association board members across the USA. Together, these people spend 98,500,000 hours on volunteer work associated with these posts.
That's a huge sacrifice time-wise on the part of these dedicated individuals, who receive no compensation for their efforts. If you'd like to take a load off your HOA board members, hiring a homeowners association management team is the best way forward.
Keep reading for tips on how to pick the perfect match for your community.
Figure Out Your HOA Management Needs
A lot goes into running an HOA effectively, and every HOA board has different skills. For this reason, HOA management companies offer a broad range of services.
Ask the following questions to help you find the right fit for your needs:
- What is your budget?
- Do you need just the basics or more comprehensive services?
- How often do you need an HOA manager on site?
- Do you need HOA property maintenance services?
When you've compiled a list of what you need, you're in a better position to start your search. You can browse the internet looking for suitable HOA management services or ask other HOA boards in your area for recommendations.
Research all your options thoroughly while compiling a shortlist of those that meet your needs.
Qualities of a Good HOA Management Team
It's important to look into several aspects before you hire an association property management team. You should research these online and explore them more fully during an interview with prospective candidates.
Some things to consider include:
Strong Communication Skills
Your HOA manager must keep you updated on all matters concerning your HOA. Board members and property owners need clear, accurate information to ensure things run smoothly.
An HOA manager must be able to:
- Explain HOA responsibilities
- Delegate tasks
- Conduct HOA meetings
- Keep board members informed about developments
They need tact and persuasive skills to handle fee increases, collect overdue fees, and arbitrate during disagreements.
You must choose a company with a range of experience across every aspect of HOA management. You may not need every service they offer now, but you may in the future.
Ideally, you should search for a team with experience in finance, maintenance, insurance, and maintenance. A company with many years of experience has accumulated a wealth of information and experience that could prove useful to you.
Attention to detail is vital when you're dealing with other people's money. The best management teams are thorough as well as efficient.
They're well-informed about the intricacies of relevant HOA laws and can help you avoid potential legal issues. A high degree of accuracy is vital when it comes to managing an HOA's finances, budgets, and maintenance.
Homeowners Association Management in Washington
When you find the right association property management team for your HOA, you'll enjoy numerous benefits beyond time savings. A well-run community ensures happy residents, enjoys better property values, and incurs lower running costs.
If you'd like to experience an easier way to run your community association, get in touch to discuss your homeowners association management needs today.