Your community in Phoenix has decided to partner with an HOA management company to ease the work of the board. There is no denying that outsourcing the work of the association offers many benefits. From reduced workload for the board members to a better quality of life for the residents and enhanced financial management, the payoffs are real. You can Click here to find a reliable firm for professional community management. Before your HOA makes that major decision, here are some key things to know.
The transition will take time
Handing over the affairs of your HOA to a new firm requires planning and meticulous preparation. First and foremost, the board must take a call on what would be outsourced. For instance, many HOAs prefer to hire expertise for accounting alone, while others are looking for comprehensive services. Suppose your community is already managed by an HOA management company and plans to shift to a new firm. In that case, it is vital to allow time for the current company to fix existing concerns.
Before hiring a professional HOA management firm in Phoenix, asking a few relevant questions makes sense. Your board can include queries like –
- Is the HOA management company locally based in Phoenix?
- How many communities or HOAs do they manage?
- Do they have the bandwidth to cater to your community?
- How long has the company been in business?
- Do they have expertise in compliance and legal matters?
- What kind of tech do they use for managing HOA work?
- Will they assign a dedicated manager for the HOA?
Discuss the costs
It goes without saying that engaging an HOA management company for your community is about money, and while the board may be tempted to look for cheaper alternatives, it is best to prioritize expertise over estimations. A company that charges huge for essential HOA work is certainly not an ideal option, but it would be equally wrong to choose a firm that doesn’t have experience or know-how but offers a low quote. The costs must be discussed with the HOA management firm in advance, and while transparency is a crucial aspect, don’t let the price be the only factor for your choice.
HOA board members often have to handle tasks that they are not equipped for, and instead of risking everything concerning the community or creating room for serious mistakes, it is best to outsource. Just take your time to find a reliable service for HOA management.
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