Are you searching for an HOA management company? There are now over 877,990 professionals employed in the industry. Not every HOA manager has the extensive experience you deserve.
Instead of choosing the first association management company you find, read on. Discover how to evaluate your options to find the best in Panama City Beach!
Experience Managing Homeowners Associations
There are over 296,400 property management businesses in the US. The industry has grown by 2.1% each year since 2018. These newer teams lack extensive experience.
Determine how long each company on your list has offered services. Consider how long they've worked in Panama City. These teams will understand local laws and regulations.
Not all property management companies manage homeowners associations. Look for a company that specializes. Ask how many HOAs they've managed in the past year.
A team with relevant, local experience will understand your needs. They'll know how to help you navigate the challenges you're facing.
Choose a company that will customize its offerings based on your community's needs. For example, perhaps you want to improve property values. Maybe you're concerned about collecting HOA fees or meeting attendance.
Don't select a company that uses a cookie-cutter approach. They'll waste your time and money. Instead, choose a team that cares about your unique community.
Before hiring an HOA manager, make sure their company is licensed and insured. Determine what education and training the HOA manager has. Finding a team with the proper credentials can increase your confidence in their abilities.
Consider Their Services
Not every HOA management company has the bandwidth to meet your needs. Determine what services they offer. Prioritize finding a full-service management company.
You won't need to hire multiple professionals when you need help. Instead, you can hire one HOA manager who understands your community.
Your Panama City Beach property manager can assist with:
- Scheduling
- Compliance and inspections
- Board member assistance
- Maintenance
- Document management
- Accounting and reporting
- Community communication
- Assessment collection
Determine how they'll remain efficient and on top of these tasks. Some teams use state-of-the-art technology and automation. Using management software can save time and reduce human error.
Discuss their screening process. Ask how they'll choose members and what criteria they follow.
Read Client Reviews
Read client reviews for three local HOA management companies. Find a team that already has an established reputation.
Look for complaints that occur between multiple clients. Perhaps the HOA manager was unprofessional. Maybe they were difficult to reach.
If multiple clients faced the same issues, you likely will as well.
Compare Costs
Ask three local HOA management companies for an itemized list of the services they offer. Request a copy of the contract before signing the agreement. Check for hidden fees.
Compare costs between three local businesses. This can help you recognize companies that overcharge.
Find Your Association Management Company
You may regret hiring the first association management company you find online. Instead, use these tips to do your due diligence. Vet every option to find the best company in Panama City Beach.
Simplify your search! Our team at PMI Emerald Coast understands that your community has unique needs.
Trust our expertise, technology, and 20 years of experience managing communities like yours. Contact us today to request management services.
