Did you know that over 74 million people in the U.S. now call community associations home? These include homeowners associations (HOA), condominiums, and cooperatives.
Most Americans living in an HOA, condo, or cooperative also feel satisfied. Nearly 9 in 10 rate their experience as "very good." One reason for this is that their community works with one of the best HOA management companies.
As someone who also lives in or owns HOA properties, you want an excellent experience, too. And for this to happen, your Naples, FL, community must select the best HOA management provider.
We've shared tips to help your community make the right choice, so read on.
Determine Which Association Services You Need
HOA management companies work with a homeowners' association Board of Directors (BOD). The BOD comprises volunteer officials elected by other residents. They're responsible for carrying out HOA duties, such as:
- Creating Covenants, Conditions, and Restrictions (CC&Rs)
- Enforcing the rules laid out in the CC&Rs
- Managing the community's finances and common areas
- Communicating with residents
Those are just a few of what HOA leaders must do, but you can already see how much time and effort they can take. The good news is that your community can delegate some or most to HOA management companies.
That said, the first step is for your community to determine the areas it needs help with. The HOA will use this as part of its criteria during the selection process.
Consider Each Management Company's Expertise
Not all HOA management companies may provide the specific services your community requires. For example, some may excel in property maintenance but not housing laws. Or they may be experts in admin tasks but have little negotiation experience.
So, ensure your community looks for a company that can do everything it needs help with.
Fortunately, the best HOA management companies specialize in all aspects of community management. They have a team of experts in finance, accounting, law, and property maintenance. They also have many years of experience in negotiating with vendors.
Confirm Hours of Availability
Many HOA management companies specialize in property maintenance. However, not all provide round-the-clock services for events like plumbing or electrical emergencies.
An example of a plumbing emergency is a burst pipe that floods your community's common areas. Failure to address this immediately can cause severe property damage and electrical hazards. It can also encourage mold to grow on damp surfaces not dried within 24 to 48 hours.
That's enough reason to choose a management company offering 24/7 response. Their round-the-clock availability allows them to take immediate action to protect your community.
Hire Only the Best HOA Management Companies
Remember: The quality of HOA management services directly affects all residents. It can either make them regret or be happy with their decision to live in the community. It can also impact the entire community's value, reputation, and quality.
Thus, it's a must for communities to choose only the best HOA management companies.
That's where our team here at PMI Gulf Coast comes into play. We provide high-quality management services to HOA communities in Naples, FL. Call us now to learn how we can help!