About 74.2 million Americans live in homeowners associations, according to the Community Associations Institute. Volunteers commit 98.5 million hours of personal time to their communities annually. Instead of asking them to work alone, hire community management experts.
The best HOA property management companies help communities operate effectively and efficiently. With their help, your community can thrive.
Not sure how to choose between Boise HOA companies? Read this property management guide for five tips!
1. Find Experienced Boise HOA Companies
According to industry analytics company IBIS World, there are 296,477 property management businesses in the US. The industry has grown by 2.1% annually since 2018. Don't choose one of these newer, less experienced companies.
Instead, find a team with years of experience in Boise. They'll understand the local, state, and federal laws that may affect your community.
Determine if the property management company specializes in managing HOAs. If not, ask how many HOAs they have helped in the past. Confirm that their experience aligns with your needs.
An experienced team will understand your community's unique goals and how to accomplish them. You can leverage their expertise to make informed choices with your community in mind.
2. Read Client Reviews
Before using the rest of these HOA management tips, read client reviews for each company on your list. You can find reviews on Google Business, Yelp, or Better Business Bureau. Read a handful of reviews for each company.
Look for comments about the company's responsiveness. They should remain available to help your community. If other clients struggle to reach their HOA manager, continue your search.
Avoid companies that aren't honest or transparent. Instead, find a company you can trust to take care of your community.
3. Selecting HOA Services
Before selecting HOA services, look for a company that will customize its solutions based on your community's unique needs. These companies will tailor their services to ensure you accomplish specific goals.
Look for a full-service HOA management company. Their services may include:
- Preparing and maintaining financial records
- Processing dues and fees
- Managing the budget
- Handling membership inquiries
- Organizing membership meetings
- Enforcing covenants, conditions, and restrictions
- Common area inspections
- 24-hour availability/on-call maintenance
Ask each company about their process and the best practices they follow. Look for a company that's organized and efficient. They'll save you time and money while making your community a better place to live.
4. Explore Their Technology
Ask each company if they use technology while offering their services. For example, they can provide residents with access to an online portal. From there, residents can submit maintenance requests, pay dues, and more.
5. Compare Costs
Compare costs between three local HOA management companies. Don't choose the cheapest management company available. Instead, find a company that can accomplish your goals.
Determine if the company offers a professional guarantee. They should strive to meet your needs and expectations.
Start Vetting HOA Property Management Companies
Vetting HOA property management companies can take days if you don't have a plan. Use this property management guide to screen Boise HOA companies. With these tips, you can find an experienced, qualified team.
At PMI Treasure Valley, we take the time to understand your community's individuality. We'll tailor our services to meet your unique needs.
Trust our professional guarantee and innovative solutions. Contact us now for a free consultation.
