Handling the regular affairs of a homeowner’s association (HOA) in Phoenix is a herculean job. The board of directors, which consists of residents of the community, has to deal with multiple inherent challenges at once, and it can become overwhelming in no time. No wonder, the demand for phoenix hoa management companies has been on the rise among communities in the city. If your HOA is also considering the switch, here are some quick tips that can come in handy.
- Start with the requirements: What’s it that your board expects from the HOA management firm? Some associations prefer to retain control over finances but are open to giving up on maintenance and community management work, while others like comprehensive services. The board of directors needs to do due diligence about what they would want to outsource in the first place, which simplifies the process of sorting local firms.
- Figure out what a firm can offer. It is also important to check what an HOA management company can do for your community, especially when it comes to comparing expertise. Many companies are great at community management but don’t understand as much about legal matters, while some are efficient at almost everything. Figure out what you can expect from a firm, and if the same company can handle every affair of your association, that is undoubtedly a great advantage.
- Consider experience. How long has the HOA company been in business in Phoenix? How many communities do they currently manage in your area? Do they have the bandwidth to take more clients? What is their area of expertise? Do they have experience handling matters concerning compliance and laws governing HOAs? Do they have a ready list of vendors? These are some basic questions that are worth asking.
- Think of the costs: It is also critical to consider the costs involved in hiring a new firm. Transparency is the key here, and you need a company that is well-versed with HOA requirements and can offer a fair estimate for the specific needs. Whether an HOA company can align its expertise to meet the needs and evolving demands of your community is a factor for pricing.
Finally, before you hire a firm, ask for references. Check their work for other associations and whether they have worked for similar requirements. Pricing should never be the only factor in choosing an HOA company.