Are your community's volunteers drowning in a sea of paperwork? Maybe they've been late filing taxes or planning events. They shouldn't have to manage it all alone.
An association manager can streamline operations and ensure efficiency. Not sure how to choose between association property management companies?
Read on for the tips you need for an effective search. With the right property manager, you can ensure your community's growth!
Prioritize Experience
There are over 296,200 property management businesses in the US. As the industry grows, new (and inexperienced) teams will offer their services. A team that lacks experience may struggle to help your community.
Look for an association property management team with at least 10 years of experience. These teams will have efficient processes in place. They can leverage their prior experience to your community's benefit.
Confirm that the local companies on your list specialize in association property management. These teams will have a better understanding of your community's needs.
Ask about each association manager's credentials. Look for certifications that speak to their level of expertise. These managers are more likely to meet your expectations and standards.
Look for Strong Communication
Look for a team that prioritizes transparency and communication. They should provide you with regular updates as they manage your community.
If they don't provide updates, you may not realize there's a problem until they've wasted your time and money.
Review Services
Texas has the third-most number of associations in the US (2,100). Every community has its own unique needs. Talk to your board members and volunteers to determine where they need the most help.
Look for a full-service association property management company. Ask if they'll allow you to customize the agreement based on your needs. For example, you may need help with:
- Financial management
- Administrative management
- Maintenance/building management
Determine what's included under each service. For example, property maintenance can include inspections, vendor management, and project tracking. Completing regular maintenance can improve the community's aesthetic appeal and property values.
Ask about the tools they use to ensure accuracy and efficiency. Look for a company that uses state-of-the-art technology and online portals.
Your community members will have real-time access to information and data, ensuring transparency.
If the company doesn't offer the services you need, keep searching.
Check the Terms of the Contract
Ask each company for a pricing list of the services they offer. Compare prices between three local companies. If one company charges extremely high prices, question why.
Review the terms of the contract to confirm there's a guarantee or cancellation option.
The Best Association Property Management Companies
Choosing between association property management companies can become time-consuming if you don't have a plan. Use these tips to find an experienced team you can trust. Relying on their services will help your community thrive!
We can help simplify your search. PMI Bayou City has nearly 20 years of experience in the industry. We'll tailor our property management services to boost your community's property values.
Contact us today to discover how we can help your community in Houston!
