Does your community have an HOA? Are you thinking about how to organize it?
If you answered yes to either of these questions, a community association management company may be just what you need. In the United States, association property management companies handle up to 70% of all HOAs in the country.
Do you need one in the Glenview, IL area? Read this guide to get some tips on how to find the right one for you.
Ask About the Price
The first thing you will need to do is ask an association property manager how much their services are going to cost. You need to make sure that your HOA can afford this service and avoid putting your community into debt.
Sit down with your HOA board and go over your budget. Then, determine a strict price to avoid going over when talking to an association management company. If you find a reliable company that is within your budget, then you can move forward.
Ask About Experience
The next thing you need to consider is what type of experience a property manager has.
Have they handled HOA communities that are similar to yours? How long have they had this job for? Do they know what to look for with vendors?
These are things that you need to think about before moving forward with an association management company. Ask them these questions to make sure that they know their stuff and minimize your concerns about their ability to handle your HOA tasks.
Consider Your Community
You need to think about what specific circumstances your community has.
Do you live in a tourist area? How many houses are in your HOA? Do you have condos or homes?
These are things that you need to think about because the answers to these questions may mean that your community could have different needs. Make sure you give these details to a property manager before you move forward with this.
If you are having no luck with this on your own, consider asking your family and friends in the Glenview area if they have any experience working with an association management company.
Family and friends tend to be people who you trust. So, you are likely going to respect their opinions if they end up giving you a good recommendation.
About 88% of people place the highest trust in a brand that a family member or a friend recommends to them. So, if someone close to you gives you a good association management company recommendation, you are likely going to go that route.
Consider Association Property Management Companies
These are the biggest things you should look for when it comes to association property management companies. Make sure you know your HOA and what its specific needs are before you start talking to these companies.
Also, sit down with your HOA board and agree on a budget for these services. If you have no luck finding a company on your own, ask your family and friends.
Do you want to know more? Message us here with your questions.