HOA management companies range from a small company that may only handle a small number of communities to large firms that manage hundreds. Negotiating with these firms can be like negotiating with large corporations in many respects. With a larger team and an experienced staff, they may have their own salespeople and negotiators.
Traveling between locations, heavy turnover among employees, and communication skills are just some of the things that homeowners have to take into account before deciding on phoenix hoa management companies they would like to work with on their behalf. You might also have to consider how large the company is since that will determine the budget and the number of employees they have.
What is an HOA Management Company?
An HOA management company is a team of professionals that are hired to handle both the day-to-day operations of HOAs such as collecting dues and enforcing the HOA covenants and CC&Rs, as well as drafting new rules, offering assistance with finding contractors for repairs, sending out meeting notices, paying bills on behalf of the HOA, and developing marketing plans for each community.
What Role Does Association’s Board Play with an HOA Management Company?
While the board of an HOAs will generally take their fiduciary responsibility to the members seriously, they are not always in a position to manage all aspects of their HOA. Many board members also hold other full-time jobs.
An HOA management company is in a unique position to offer help to boards when this is needed. They can work with the management company and review contracts or give guidance on the business aspects of running an HOA.
The corporations that contract with companies for managing HOAs look for professionalism, state licenses, and compliance with state laws and regulations as well as expertise in community association management. These companies have been around for a while so they have experience working with homeowners associations.
Do the Homeowners Have a Role?
Even though the management company works for the homeowners association, it is still important to maintain a healthy relationship with homeowners. The best way to do this is to keep communication lines open and check in with them from time to time to see what is going on.
Homeowners can also observe how the maintenance of their home has changed after hiring a management company. They can see if they are following up on requests that are made, see if they are responsive when it comes to answering questions and concerns, and go over any contracts or plans that were drawn up by the HOA management company for approval before the work is done.