According to a YouGov Survey, about one in five homeowners live in an HOA-run community. It takes a lot to make a community thrive while factoring in the needs of different members.
However, the success of any community comes with a lot of work and sacrifice. Further, most homeowners don't like rules or having to submit to the regulations of an HOA. But that's where association management companies come in.
Learn why you need a professional management company and how to choose the right one.
Expertise and Services Offered
Check out a company's track record and expertise in handling communities needing similar services. You can do this by reading client testimonials or speaking with other communities about the company.
Greenville property management companies have likely dealt with similar issues facing your community. This means they have the right expertise to offer the services your community needs.
The range of services offered by the association management company directly speaks to their expertise. Choose a company that provides various services, from property maintenance to administrative support.
Other services you should consider when choosing management companies include:
- Meeting organization
- Enforcement of rules, covenants, or restrictions
- Inspecting common areas
- Financial management of all HOA-related matters
Experience
Determine how long the management company has been operating to understand if it fits. An experienced Greenville association management company knows all local regulations that might apply to your community.
Besides, experienced management companies can fairly execute community regulations and the best practices to meet your needs. In addition to experience, check whether the management company has been:
- Certified by the necessary bodies
- Licensed and insured
- Positively reviewed by other communities in the area
You can also look for experience in specific areas, such as stormwater management. Ask as many questions as possible to ensure your chosen company has the expertise to manage your community.
Compare Prices
According to Yahoo Finance, the annual average due to association management companies is $3,500. Your HOA will likely be working on a budget, so compare the prices of different management companies.
But don't choose based solely on price, as the range of services will often vary from one company to another. Sometimes, the cheapest option may not provide you with the services you need.
SC Management Companies Benefits
Reviewing the benefits your community will enjoy from choosing different association management options is important. Some of the key benefits you should consider when selecting an association management company include:
- Maintenance of property value
- Prudent financial management
- Enhanced policy enforcement
- Organized community meetings facilitating member engagement
The benefits you enjoy from an association management company will vary based on its ability to customize its services. For instance, we provide management company tips to enhance the experience of our members, such as holiday decorating tips.
Begin Screening Association Management Companies Today
Screening different association management companies can feel like a challenging task. Take your time and go through the above checklist to identify the right one.
PMI Upstate SC is ready to address all your needs to help you experience the benefits of community living. We've over 20 years of experience serving communities and homeowners in Greenville. We understand the complexities of running a HOA, and we'll customize our service plans to meet your community's unique needs.
Contact us today, and let us help your community thrive.
