About 27% of people in the US live in a condo or HOA property.
HOA boards are made up of unpaid volunteers, and they're often faced with a lot of duties on top of their daily lives. To help lighten the load, an HOA board can turn to a community association management company. These companies can take on certain duties to make things easier for HOA board members.
Keep reading for a rundown of three key tips that can help you out when working with community association managers.
1. Know Your Needs
This is one of the first things you need to do, as it will determine the community association management company you go with. You might require specific services, so you want to make sure you find a company that provides them. You should get together with your other board members to discuss this and make a detailed list of exactly what you require.
When looking for New York community association managers, there are a lot of choices. Your list of needs will help you narrow things down by eliminating any companies that aren't suitable. It can also be worth speaking to other community members to get some additional input.
2. Work With a Company That Shares Your Community's Values
To find the best fit, you should think about more than just what a company does. You can also look at the values and culture to learn more about them. Finding one that aligns with your community will yield the best results.
The values a company holds can tell you a lot about how they'll manage your community. You can look at reviews and testimonials from other HOA boards they've worked with to get a better insight here. Finding a company that's honest and committed to the communities they serve will help a lot.
3. Prioritize Service Over Price
When looking at different community association management companies, the price will undoubtedly be a factor. With that in mind, you shouldn't go with a company just because it will save some money. The quality of service you get should be one of the most important factors, so don't sacrifice this for a better price.
A good way to do this is to separate the services of a company from the costs. You can then take an unbiased look at their services to see how well they'll fit your needs. Analyze this in relation to their price to get an overall idea of how suitable they are.
Doing this with multiple companies will allow you to compare your options. You might find a company that's slightly cheaper than another, but their quality of service looks a lot worse. In such a situation, you can decide based on the overall value so you get the best-fitting company.
The Right Community Association Management Company
Finding the right community association management company to work with isn't always easy. You need to compare your options, and it's worth taking the time to find one that will work well alongside your HOA board.
PMI Manhattan Group offers a range of services that can help your HOA board effectively manage your community. Take a look at our Association Management page today to find out more.
